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REGISTERED NUMBER: 14018779 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Chord Consult Limited

Chord Consult Limited (Registered number: 14018779)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chord Consult Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A J Cowdrey
A Jones
J Frisby
M S Wrate





REGISTERED OFFICE: Bridlesmith House
Bridlesmith Gate
Nottingham
NG1 2GQ





REGISTERED NUMBER: 14018779 (England and Wales)

Chord Consult Limited (Registered number: 14018779)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,730 113,574

CURRENT ASSETS
Debtors 5 546,883 462,738
Cash at bank 210,835 314,991
757,718 777,729
CREDITORS
Amounts falling due within one year 6 498,436 500,304
NET CURRENT ASSETS 259,282 277,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,012

390,999

PROVISIONS FOR LIABILITIES 29,616 19,947
NET ASSETS 389,396 371,052

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 389,296 370,952
SHAREHOLDERS' FUNDS 389,396 371,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:



M S Wrate - Director


Chord Consult Limited (Registered number: 14018779)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Chord Consult Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 15 ) .

Chord Consult Limited (Registered number: 14018779)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 133,915
Additions 89,408
At 31 May 2024 223,323
DEPRECIATION
At 1 June 2023 20,341
Charge for year 43,252
At 31 May 2024 63,593
NET BOOK VALUE
At 31 May 2024 159,730
At 31 May 2023 113,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 431,600 397,065
Other debtors 115,283 65,673
546,883 462,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,441 81,846
Taxation and social security 331,092 288,689
Other creditors 104,903 129,769
498,436 500,304

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 46,500 -
Between one and five years 127,875 174,375
174,375 174,375

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary 0.01 100 100