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REGISTERED NUMBER: 11782270 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Chronos Wealth Ltd

Chronos Wealth Ltd (Registered number: 11782270)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chronos Wealth Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: E A Bird





REGISTERED OFFICE: Two Four Nine North
Lynnefield House
Altrincham
WA14 4DZ





REGISTERED NUMBER: 11782270 (England and Wales)





ACCOUNTANTS: B&P Summers Accountants Limited
28A Church Lane
Marple
Stockport
Cheshire
SK6 6DE

Chronos Wealth Ltd (Registered number: 11782270)

Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 937,241 937,241
Tangible assets 5 3,744 4,992
940,985 942,233

CURRENT ASSETS
Debtors 6 5,250 85,686
Cash at bank 531,601 348,629
536,851 434,315
CREDITORS
Amounts falling due within one year 7 (173,808 ) (493,579 )
NET CURRENT ASSETS/(LIABILITIES) 363,043 (59,264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,304,028

882,969

CREDITORS
Amounts falling due after more than one
year

8

(269,590

)

-
NET ASSETS 1,034,438 882,969

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,034,338 882,869
SHAREHOLDERS' FUNDS 1,034,438 882,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Chronos Wealth Ltd (Registered number: 11782270)

Balance Sheet - continued
31 July 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 19 December 2024 and were signed by:





E A Bird - Director


Chronos Wealth Ltd (Registered number: 11782270)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Chronos Wealth 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is not being amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 937,241
NET BOOK VALUE
At 31 July 2024 937,241
At 31 July 2023 937,241

Chronos Wealth Ltd (Registered number: 11782270)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 6,656
DEPRECIATION
At 1 August 2023 1,664
Charge for year 1,248
At 31 July 2024 2,912
NET BOOK VALUE
At 31 July 2024 3,744
At 31 July 2023 4,992

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Other debtors 5,250 85,686

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 59,126 388,715
Taxation and social security 72,239 62,146
Other creditors 42,443 42,718
173,808 493,579

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 269,590 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
80 Ordinary £1 80 80
20 Ordinary A £1 20 20
100 100

Chronos Wealth Ltd (Registered number: 11782270)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. RESERVES
Retained
earnings
£   

At 1 August 2023 882,869
Profit for the year 215,469
Dividends (64,000 )
At 31 July 2024 1,034,338