IRIS Accounts Production v24.2.0.383 10874666 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108746662023-03-31108746662024-03-31108746662023-04-012024-03-31108746662022-03-31108746662022-04-012023-03-31108746662023-03-3110874666ns15:EnglandWales2023-04-012024-03-3110874666ns14:PoundSterling2023-04-012024-03-3110874666ns10:Director12023-04-012024-03-3110874666ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110874666ns10:SmallEntities2023-04-012024-03-3110874666ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110874666ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110874666ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110874666ns10:FullAccounts2023-04-012024-03-3110874666ns10:OrdinaryShareClass12023-04-012024-03-3110874666ns10:Director22023-04-012024-03-3110874666ns10:RegisteredOffice2023-04-012024-03-3110874666ns5:CurrentFinancialInstruments2024-03-3110874666ns5:CurrentFinancialInstruments2023-03-3110874666ns5:ShareCapital2024-03-3110874666ns5:ShareCapital2023-03-3110874666ns5:RetainedEarningsAccumulatedLosses2024-03-3110874666ns5:RetainedEarningsAccumulatedLosses2023-03-3110874666ns5:FurnitureFittings2023-04-012024-03-3110874666ns5:ComputerEquipment2023-04-012024-03-3110874666ns5:PlantMachinery2023-03-3110874666ns5:PlantMachinery2023-04-012024-03-3110874666ns5:PlantMachinery2024-03-3110874666ns5:PlantMachinery2023-03-3110874666ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110874666ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3110874666ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 10874666 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHISHOLM FINANCIAL SERVICES LIMITED

CHISHOLM FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10874666)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHISHOLM FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S O C Saxby
D D Hickman





REGISTERED OFFICE: 12 Northgate
Bridgnorth
Shropshire
WV16 4ER





REGISTERED NUMBER: 10874666 (England and Wales)





ACCOUNTANTS: Astbury Accountants Limited
12 Northgate
Bridgnorth
Shropshire
WV16 4ER

CHISHOLM FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10874666)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,321 1,146

CURRENT ASSETS
Debtors 5 425 -
Cash at bank 39,700 35,067
40,125 35,067
CREDITORS
Amounts falling due within one year 6 39,388 34,181
NET CURRENT ASSETS 737 886
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,058

2,032

PROVISIONS FOR LIABILITIES 330 218
NET ASSETS 1,728 1,814

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,628 1,714
SHAREHOLDERS' FUNDS 1,728 1,814

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:



S O C Saxby - Director


CHISHOLM FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10874666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Chisholm Financial Services 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
(i) Cash and cash Equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, and bank overdrafts.

(ii) Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

CHISHOLM FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10874666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,524
Additions 1,271
At 31 March 2024 3,795
DEPRECIATION
At 1 April 2023 1,378
Charge for year 1,096
At 31 March 2024 2,474
NET BOOK VALUE
At 31 March 2024 1,321
At 31 March 2023 1,146

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 425 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,217 10,066
Other creditors 26,171 24,115
39,388 34,181

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

CHISHOLM FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10874666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees, and contingencies which are not included in the balance sheet amount to £12,409 (2023 - NIL).