CHAMELEON DIGITIZATION LIMITED

Company Registration Number:
SC536328 (Scotland)

Unaudited statutory accounts for the year ended 28 April 2023

Period of accounts

Start date: 1 May 2022

End date: 28 April 2023

CHAMELEON DIGITIZATION LIMITED

Contents of the Financial Statements

for the Period Ended 28 April 2023

Balance sheet
Additional notes
Balance sheet notes

CHAMELEON DIGITIZATION LIMITED

Balance sheet

As at 28 April 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 1,006,505 317,048
Tangible assets: 4 66,448 71,149
Total fixed assets: 1,072,953 388,197
Current assets
Stocks: 5 948,311 966,511
Debtors: 6 87,959 496,574
Cash at bank and in hand: 2,645 10,291
Total current assets: 1,038,915 1,473,376
Creditors: amounts falling due within one year: 7 ( 1,627,102 ) ( 1,447,162 )
Net current assets (liabilities): (588,187) 26,214
Total assets less current liabilities: 484,766 414,411
Total net assets (liabilities): 484,766 414,411
Capital and reserves
Called up share capital: 100 100
Other reserves: 657,350 309,789
Profit and loss account: (172,684 ) 104,522
Total Shareholders' funds: 484,766 414,411

The notes form part of these financial statements

CHAMELEON DIGITIZATION LIMITED

Balance sheet statements

For the year ending 28 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 August 2024
and signed on behalf of the board by:

Name: Iain Muir
Status: Director

The notes form part of these financial statements

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Computer equipment: 33% reducing balance

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

    Valuation information and policy

    Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the FIFO method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

    Other accounting policies

    The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 21 23

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 May 2022 353,283 353,283
Additions 381,448 381,448
Disposals
Revaluations 423,869 423,869
Transfers
At 28 April 2023 1,158,600 1,158,600
Amortisation
At 1 May 2022 36,235 36,235
Charge for year 115,860 115,860
On disposals
Other adjustments
At 28 April 2023 152,095 152,095
Net book value
At 28 April 2023 1,006,505 1,006,505
At 30 April 2022 317,048 317,048

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 112,661 112,661
Additions 30,223 30,223
Disposals ( 3,278 ) ( 3,278 )
Revaluations
Transfers
At 28 April 2023 139,606 139,606
Depreciation
At 1 May 2022 41,512 41,512
Charge for year 32,728 32,728
On disposals ( 1,082 ) ( 1,082 )
Other adjustments
At 28 April 2023 73,158 73,158
Net book value
At 28 April 2023 66,448 66,448
At 30 April 2022 71,149 71,149

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

5. Stocks

2023 2022
£ £
Stocks 948,311 966,511
Total 948,311 966,511

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

6. Debtors

2023 2022
£ £
Trade debtors 58,890 273,694
Other debtors 29,069 222,880
Total 87,959 496,574

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 132,829 53,407
Taxation and social security 65,385 44,768
Accruals and deferred income 3,950 7,550
Other creditors 1,424,938 1,341,437
Total 1,627,102 1,447,162