Company Registration No. 08987610 (England and Wales)
CHASE SERVICES GROUP LTD
Unaudited accounts
for the year ended 30 April 2024
CHASE SERVICES GROUP LTD
Unaudited accounts
Contents
CHASE SERVICES GROUP LTD
Company Information
for the year ended 30 April 2024
Company Number
08987610 (England and Wales)
Registered Office
250A High Road
Ilford
Essex
IG1 1YS
England
Accountants
YM Accountants Ltd
Suite 5
Clarendon House
117 George Lane
London
E18 1AN
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
CHASE SERVICES GROUP LTD
for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CHASE SERVICES GROUP LTD for the year ended
30 April 2024 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of CHASE SERVICES GROUP LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of CHASE SERVICES GROUP LTD and state those matters that we have agreed to state to the Board of Directors of CHASE SERVICES GROUP LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHASE SERVICES GROUP LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHASE SERVICES GROUP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CHASE SERVICES GROUP LTD. You consider that CHASE SERVICES GROUP LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CHASE SERVICES GROUP LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
YM Accountants Ltd
Chartered Certified Accountants
Suite 5
Clarendon House
117 George Lane
London
E18 1AN
22 October 2024
CHASE SERVICES GROUP LTD
Statement of financial position
as at 30 April 2024
Tangible assets
3,530
6,028
Debtors
1,683,708
1,553,875
Cash at bank and in hand
561,213
124,576
Creditors: amounts falling due within one year
(1,292,371)
(879,078)
Net current assets
952,550
799,373
Total assets less current liabilities
956,080
805,401
Creditors: amounts falling due after more than one year
(278,240)
(359,327)
Net assets
677,840
446,074
Called up share capital
1
1
Profit and loss account
677,839
446,073
Shareholders' funds
677,840
446,074
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2024 and were signed on its behalf by
Asim Aziz
Director
Company Registration No. 08987610
CHASE SERVICES GROUP LTD
Notes to the Accounts
for the year ended 30 April 2024
CHASE SERVICES GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 08987610. The registered office is 250A High Road, Ilford, Essex, IG1 1YS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
CHASE SERVICES GROUP LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
16,700
3,184
19,884
At 30 April 2024
16,700
3,434
20,134
At 1 May 2023
12,213
1,643
13,856
Charge for the year
2,227
521
2,748
At 30 April 2024
14,440
2,164
16,604
At 30 April 2024
2,260
1,270
3,530
At 30 April 2023
4,487
1,541
6,028
Amounts falling due within one year
Trade debtors
917,602
868,364
Other debtors
61,891
50,000
Amounts falling due after more than one year
Other debtors
704,215
635,511
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
132,728
132,651
Trade creditors
741,396
530,442
Taxes and social security
100,101
43,615
Other creditors
143,265
84,901
Loans from directors
144
6,999
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
278,240
359,327
The Company was under the control of its director Mr Asim Aziz through out the current and previous years.
CHASE SERVICES GROUP LTD
Notes to the Accounts
for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 120 (2023: 85).