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REGISTERED NUMBER: 10624578 (England and Wales)















Unaudited Financial Statements for the Year Ended 27 February 2024

for

Chrono24/7 Ltd

Chrono24/7 Ltd (Registered number: 10624578)






Contents of the Financial Statements
for the Year Ended 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chrono24/7 Ltd

Company Information
for the Year Ended 27 February 2024







DIRECTOR: R A Williams





SECRETARY:





REGISTERED OFFICE: Landmark House
43-45 Merton Road
Bootle
Merseyside
L20 7AP





REGISTERED NUMBER: 10624578 (England and Wales)





ACCOUNTANTS: Craig Callum Associates Ltd
Landmark House
43-45 Merton Road
Bootle
Liverpool
Merseyside
L20 7AP

Chrono24/7 Ltd (Registered number: 10624578)

Balance Sheet
27 February 2024

27.2.24 27.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 84,118

CURRENT ASSETS
Stocks 113,152 231,926
Debtors 5 1,174 7,500
Cash at bank 146,287 18,951
260,613 258,377
CREDITORS
Amounts falling due within one year 6 286,990 347,401
NET CURRENT LIABILITIES (26,377 ) (89,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,377

)

(4,906

)

CREDITORS
Amounts falling due after more than one
year

7

3,750

6,750
NET LIABILITIES (30,127 ) (11,656 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,227 ) (11,756 )
SHAREHOLDERS' FUNDS (30,127 ) (11,656 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Chrono24/7 Ltd (Registered number: 10624578)

Balance Sheet - continued
27 February 2024


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 director and authorised for issue on 14 November 2024 and were signed by:





R A Williams - Director


Chrono24/7 Ltd (Registered number: 10624578)

Notes to the Financial Statements
for the Year Ended 27 February 2024

1. STATUTORY INFORMATION

Chrono24/7 Ltd 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.
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 1 (2023 - 1 ) .

Chrono24/7 Ltd (Registered number: 10624578)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2023 117,499
Additions 2,500
Disposals (119,285 )
At 27 February 2024 714
DEPRECIATION
At 28 February 2023 33,381
Charge for year 179
Eliminated on disposal (32,846 )
At 27 February 2024 714
NET BOOK VALUE
At 27 February 2024 -
At 27 February 2023 84,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Other debtors 1,174 7,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Bank loans and overdrafts 3,000 3,000
Taxation and social security 6,314 786
Other creditors 277,676 343,615
286,990 347,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.2.24 27.2.23
£    £   
Bank loans 3,750 6,750

Chrono24/7 Ltd (Registered number: 10624578)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 27 February 2024 and 27 February 2023:

27.2.24 27.2.23
£    £   
R A Williams
Balance outstanding at start of year (342,115 ) (169,191 )
Amounts advanced 65,439 -
Amounts repaid - (172,924 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (276,676 ) (342,115 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is R A Williams.