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Registered number: 10744993
Chase Talent Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10744993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,546 32,012
26,546 32,012
CURRENT ASSETS
Debtors 5 205,219 156,784
Cash at bank and in hand 182,429 215,940
387,648 372,724
Creditors: Amounts Falling Due Within One Year 6 (143,994 ) (124,785 )
NET CURRENT ASSETS (LIABILITIES) 243,654 247,939
TOTAL ASSETS LESS CURRENT LIABILITIES 270,200 279,951
Creditors: Amounts Falling Due After More Than One Year 7 (46,469 ) (57,039 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,044 ) -
NET ASSETS 218,687 222,912
CAPITAL AND RESERVES
Called up share capital 10 5 5
Profit and Loss Account 218,682 222,907
SHAREHOLDERS' FUNDS 218,687 222,912
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Protherough
Director
21 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chase Talent Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10744993 . The registered office is Forest House, 2 Forest Road, Birmingham, B13 9DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 20%
Computer Equipment 20%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 48,990 14,167 63,157
Additions - 1,170 1,170
As at 30 April 2024 48,990 15,337 64,327
Depreciation
As at 1 May 2023 24,326 6,819 31,145
Provided during the period 4,933 1,703 6,636
As at 30 April 2024 29,259 8,522 37,781
Net Book Value
As at 30 April 2024 19,731 6,815 26,546
As at 1 May 2023 24,664 7,348 32,012
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 19,731 -
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 187,413 147,640
Other debtors 17,806 9,144
205,219 156,784
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,177 6,177
Bank loans and overdrafts 5,280 5,280
Other creditors 67,187 61,391
Taxation and social security 65,350 51,937
143,994 124,785
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,930 20,107
Trade creditors 1,225 120
Bank loans 31,314 36,812
46,469 57,039
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,107 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,177 6,177
Later than one year and not later than five years 13,930 20,107
20,107 26,284
20,107 26,284
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Later than one year and not later than five years 82,500 -
82,500 -
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Richard Protherough 1,143 29,139 30,070 - 212
The above loan is unsecured, interest free and repayable on demand.
13. Transition to FRS 102
Page 6