Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31truefalse2023-06-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07512202 2023-06-01 2024-05-31 07512202 2022-06-01 2023-05-31 07512202 2024-05-31 07512202 2023-05-31 07512202 c:Director2 2023-06-01 2024-05-31 07512202 d:OfficeEquipment 2023-06-01 2024-05-31 07512202 d:OfficeEquipment 2024-05-31 07512202 d:OfficeEquipment 2023-05-31 07512202 d:CurrentFinancialInstruments 2024-05-31 07512202 d:CurrentFinancialInstruments 2023-05-31 07512202 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07512202 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07512202 d:ShareCapital 2024-05-31 07512202 d:ShareCapital 2023-05-31 07512202 d:RetainedEarningsAccumulatedLosses 2024-05-31 07512202 d:RetainedEarningsAccumulatedLosses 2023-05-31 07512202 c:OrdinaryShareClass1 2023-06-01 2024-05-31 07512202 c:OrdinaryShareClass1 2024-05-31 07512202 c:OrdinaryShareClass1 2023-05-31 07512202 c:OrdinaryShareClass2 2023-06-01 2024-05-31 07512202 c:OrdinaryShareClass2 2024-05-31 07512202 c:OrdinaryShareClass2 2023-05-31 07512202 c:OrdinaryShareClass3 2023-06-01 2024-05-31 07512202 c:OrdinaryShareClass3 2024-05-31 07512202 c:OrdinaryShareClass3 2023-05-31 07512202 c:FRS102 2023-06-01 2024-05-31 07512202 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07512202 c:FullAccounts 2023-06-01 2024-05-31 07512202 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07512202 2 2023-06-01 2024-05-31 07512202 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07512202









CHRONOS E & U LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CHRONOS E & U LIMITED
REGISTERED NUMBER: 07512202

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
25
25

  
25
25

Current assets
  

Debtors: amounts falling due within one year
 6 
122,380
65,347

Cash at bank and in hand
  
31
31

  
122,411
65,378

Creditors: amounts falling due within one year
 7 
(23,311)
(44,257)

Net current assets
  
 
 
99,100
 
 
21,121

Total assets less current liabilities
  
99,125
21,146

  

Net assets
  
99,125
21,146


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
99,025
21,046

  
99,125
21,146


Page 1

 
CHRONOS E & U LIMITED
REGISTERED NUMBER: 07512202
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 director acknowledges his 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.




T Watts
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHRONOS E & U 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 07512202. The Company's registered office is 76 Brook End Drive, Henley - In - Arden,  Warwickshire, B95 5JF.
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.

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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.

Page 3

 
CHRONOS E & U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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.

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
-
33.33% straight line

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.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.9

Debtors

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

Page 4

 
CHRONOS E & U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
1,950



At 31 May 2024

1,950



Depreciation


At 1 June 2023
1,950



At 31 May 2024

1,950



Net book value



At 31 May 2024
-



At 31 May 2023
-

Page 5

 
CHRONOS E & U 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
25



At 31 May 2024
25




Participating interests
The company holds a 50% share in Chronos Energy & Utilities Limited (company registration number - 10187404).


6.


Debtors

2024
2023
£
£


Other debtors
122,380
65,347

122,380
65,347



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
19,944
19,213

Corporation tax
19
1,322

Other creditors
2,604
23,002

Accruals and deferred income
744
720

23,311
44,257


Page 6

 
CHRONOS E & U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary A shares of £1.00 each
50
50
25 (2023 - 25) Ordinary B shares of £1.00 each
25
25
25 (2023 - 25) Ordinary C shares of £1.00 each
25
25

100

100



9.


Related party transactions

As at 31 May 2023 there was a balance owed to the director of the company, amounting to £2,604 (2023 - £23,002). 
During the year the company received loans of £Nil (2023 - £Nil) and made loan / loan repayments of £56,534 (2023 - £39,075) to a joint venture company. The balance outstanding and due from the joint venture at 31 May 2024 was £88,074 (2023 - £31,541).
As at 31 May 2024 amounts due from a company under control of the director was £14,874 (2023 - £14,874).
Loans are interest free and repayable on demand.

 
Page 7