Company Registration No. 9192721 (England and Wales)
Chalkboard Software Limited
Unaudited accounts
for the year ended 31 August 2024
Chalkboard Software Limited
Unaudited accounts
Contents
Chalkboard Software Limited
Company Information
for the year ended 31 August 2024
Directors
John Jackson
Katherine Louise Jackson
Company Number
9192721 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
UK
Accountants
Clare & Co
83 Green Lane
Harrogate
Yorkshire
HG2 9LN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Chalkboard Software Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Chalkboard Software Limited for the year ended
31 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Clare & Co
Chartered Accountants
83 Green Lane
Harrogate
Yorkshire
HG2 9LN
10 December 2024
Chalkboard Software Limited
Statement of financial position
as at 31 August 2024
Tangible assets
2,038
4,778
Cash at bank and in hand
9,842
15,603
Creditors: amounts falling due within one year
(2,555,154)
(2,540,425)
Net current liabilities
(2,545,312)
(2,524,691)
Net liabilities
(2,543,274)
(2,519,913)
Called up share capital
100
100
Profit and loss account
(2,543,374)
(2,520,013)
Shareholders' funds
(2,543,274)
(2,519,913)
For the year ending 31 August 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 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 of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by
John Jackson
Director
Company Registration No. 9192721
Chalkboard Software Limited
Notes to the Accounts
for the year ended 31 August 2024
Chalkboard Software Limited is a private company, limited by shares, registered in England and Wales, registration number 9192721. The registered office is 7 Bell Yard, London, WC2A 2JR, UK.
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.
The company has a net deficit on its balance sheet of £2,543,274. The company continues to carry out much development work. The directors are confident that the company will be operating profitably in the future and have confirmed they will continue to give full financial support to the company until such time as its position improves. The directors therefore consider that it is appropriate to prepare the financial statements on a going concern basis.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
There are losses available to set against trading profits arising in the future. However, a deferred tax asset has not been recognised as it is not certain when sufficient profits might arise.
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:
Computer equipment
25% straight line basis
Chalkboard Software Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment
At 1 September 2023
12,798
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
24,647
54,654
Taxes and social security
1,588
4,971
Loans from directors
2,525,295
2,486,502
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.0001 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2023: 8).