Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 9436879 Mr Robert Chase Mrs Suzanne Chase iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9436879 2023-02-28 9436879 2024-02-29 9436879 2023-03-01 2024-02-29 9436879 frs-core:CurrentFinancialInstruments 2024-02-29 9436879 frs-core:Non-currentFinancialInstruments 2024-02-29 9436879 frs-core:ComputerEquipment 2024-02-29 9436879 frs-core:ComputerEquipment 2023-03-01 2024-02-29 9436879 frs-core:ComputerEquipment 2023-02-28 9436879 frs-core:NetGoodwill 2024-02-29 9436879 frs-core:NetGoodwill 2023-03-01 2024-02-29 9436879 frs-core:NetGoodwill 2023-02-28 9436879 frs-core:PlantMachinery 2024-02-29 9436879 frs-core:PlantMachinery 2023-03-01 2024-02-29 9436879 frs-core:PlantMachinery 2023-02-28 9436879 frs-core:ShareCapital 2024-02-29 9436879 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 9436879 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 9436879 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 9436879 frs-bus:SmallEntities 2023-03-01 2024-02-29 9436879 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 9436879 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 9436879 frs-bus:Director1 2023-03-01 2024-02-29 9436879 frs-bus:Director2 2023-03-01 2024-02-29 9436879 frs-countries:EnglandWales 2023-03-01 2024-02-29 9436879 2022-02-28 9436879 2023-02-28 9436879 2022-03-01 2023-02-28 9436879 frs-core:CurrentFinancialInstruments 2023-02-28 9436879 frs-core:Non-currentFinancialInstruments 2023-02-28 9436879 frs-core:ShareCapital 2023-02-28 9436879 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 9436879
Chase Welding Consultancy Limited
Financial Statements
For The Year Ended 29 February 2024
Taxave Limited
59 Gales Drive
Crawley
RH10 1QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9436879
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 2,000
Tangible Assets 5 1,757 1,966
2,757 3,966
CURRENT ASSETS
Debtors 6 602 2,504
Cash at bank and in hand 736 3,673
1,338 6,177
Creditors: Amounts Falling Due Within One Year 7 (14,854 ) (18,368 )
NET CURRENT ASSETS (LIABILITIES) (13,516 ) (12,191 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,759 ) (8,225 )
Creditors: Amounts Falling Due After More Than One Year 8 (2,814 ) (4,150 )
NET LIABILITIES (13,573 ) (12,375 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (13,575 ) (12,377 )
SHAREHOLDERS' FUNDS (13,573) (12,375)
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Page 2
For the year ending 29 February 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Chase
Director
23rd October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chase Welding Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9436879 . The registered office is 1 School Cottage , Rusper Road, Ifield, Crawley , West Sussex , RH11 0HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The director has continuedto support the business and will do so for the forseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straightline
Computer Equipment 25% Straightline
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 10,000
As at 29 February 2024 10,000
Amortisation
As at 1 March 2023 8,000
Provided during the period 1,000
As at 29 February 2024 9,000
Net Book Value
As at 29 February 2024 1,000
As at 1 March 2023 2,000
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 16,793 6,322 23,115
Additions - 1,623 1,623
As at 29 February 2024 16,793 7,945 24,738
Depreciation
As at 1 March 2023 15,960 5,189 21,149
Provided during the period 798 1,034 1,832
As at 29 February 2024 16,758 6,223 22,981
Net Book Value
As at 29 February 2024 35 1,722 1,757
As at 1 March 2023 833 1,133 1,966
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 602 2,504
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,146
Bank loans and overdrafts 1,491 1,491
Accruals and deferred income 1,264 1,246
Directors' loan accounts 12,099 14,485
14,854 18,368
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,814 4,150
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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