Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-313No description of principal activity2023-06-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10187404 2023-06-01 2024-05-31 10187404 2022-06-01 2023-05-31 10187404 2024-05-31 10187404 2023-05-31 10187404 c:Director2 2023-06-01 2024-05-31 10187404 d:OfficeEquipment 2023-06-01 2024-05-31 10187404 d:OfficeEquipment 2024-05-31 10187404 d:OfficeEquipment 2023-05-31 10187404 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10187404 d:CurrentFinancialInstruments 2024-05-31 10187404 d:CurrentFinancialInstruments 2023-05-31 10187404 d:Non-currentFinancialInstruments 2024-05-31 10187404 d:Non-currentFinancialInstruments 2023-05-31 10187404 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10187404 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10187404 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 10187404 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10187404 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 10187404 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 10187404 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 10187404 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 10187404 d:ShareCapital 2024-05-31 10187404 d:ShareCapital 2023-05-31 10187404 d:RetainedEarningsAccumulatedLosses 2024-05-31 10187404 d:RetainedEarningsAccumulatedLosses 2023-05-31 10187404 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10187404 c:OrdinaryShareClass1 2024-05-31 10187404 c:OrdinaryShareClass1 2023-05-31 10187404 c:FRS102 2023-06-01 2024-05-31 10187404 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10187404 c:FullAccounts 2023-06-01 2024-05-31 10187404 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10187404 2 2023-06-01 2024-05-31 10187404 6 2023-06-01 2024-05-31 10187404 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10187404









CHRONOS ENERGY & UTILITIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CHRONOS ENERGY & UTILITIES LIMITED
REGISTERED NUMBER: 10187404

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
1,017
-

Investments
  
50
50

  
1,067
50

Current assets
  

Debtors: amounts falling due within one year
 6 
62,175
50,009

Cash at bank and in hand
  
368,308
223,189

  
430,483
273,198

Creditors: amounts falling due within one year
 7 
(421,358)
(253,024)

Net current assets
  
 
 
9,125
 
 
20,174

Total assets less current liabilities
  
10,192
20,224

Creditors: amounts falling due after more than one year
 8 
(10,000)
(20,000)

  

Net assets
  
192
224


Capital and reserves
  

Called up share capital 
 10 
50
50

Profit and loss account
  
142
174

  
192
224


Page 1

 
CHRONOS ENERGY & UTILITIES LIMITED
REGISTERED NUMBER: 10187404
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2024.




TJ Watts
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CHRONOS ENERGY & UTILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 10187404.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, United Kingdom, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
CHRONOS ENERGY & UTILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CHRONOS ENERGY & UTILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.12

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CHRONOS ENERGY & UTILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,356



At 31 May 2024

1,356



Depreciation


Charge for the year
339



At 31 May 2024

339



Net book value



At 31 May 2024
1,017



At 31 May 2023
-

Page 6

 
CHRONOS ENERGY & UTILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 June 2023
50



At 31 May 2024
50




The company holds a 50% share in Grit Sports Limited (company registration number - 12978979).


6.


Debtors

2024
2023
£
£


Trade debtors
28,712
37,000

Amounts owed by joint ventures and associated undertakings
32,376
12,172

Prepayments and accrued income
1,087
837

62,175
50,009



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
-
130

Amounts owed to group undertakings
233,323
136,074

Corporation tax
110,699
48,094

Other taxation and social security
22,864
32,684

Other creditors
41,687
23,382

Accruals and deferred income
2,785
2,660

421,358
253,024


Page 7

 
CHRONOS ENERGY & UTILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,000

10,000
20,000



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
-
10,000


-
10,000


20,000
30,000



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary shares of £1.00 each
50
50


Page 8

 
CHRONOS ENERGY & UTILITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.Other financial commitments

The company had total financial commitments outstanding at 31 May 2024 of £29,583 (2023 - £24,928).


12.


Related party transactions

During the year the company received loans of £18,306 (2023 - £2,172) and made repayments of £Nil (2023 - £Nil) to directors of the company. The balances outstanding and due from the company to the directors as at 31 May 2024 totalled £41,687 (2023 - £23,381). 
During the year the company received loans from a company which is under the control of one of the directors amounting to £40,715 (2023 - £38,176). As at 31 May 2024 the balance due from this company and held within creditors was £145,249 (2023 - £104,534).
During the year the company received loans froma  company which is under the control of one of the directors amounting to £56,533 (2023 - £24,006). As at 31 May 2024 the balance due from this company and held within creditors was £88,074 (2023 -  £31,541).
During the period the company made loans of £20,204 (2023 - £12,172) to a joint venture.  As at 31 May 2024 the balance due to the company and held within debtors was £32,376 (2023 -  £12,172).

All loans are interest free and repayable on demand.

 
Page 9