Company Registration No. 13517600 (England and Wales)
Chisl Ltd
Unaudited accounts
for the year ended 30 June 2024
Chisl Ltd
Unaudited accounts
Contents
Chisl Ltd
Company Information
for the year ended 30 June 2024
Directors
William Kellerman
Dirk Strauss
Company Number
13517600 (England and Wales)
Registered Office
Warnford Court
29 Throgmorton Street
London
EC2N 2AT
Accountants
Anumerate Limited
Office 2.05, Clockwise
Old Town Hall
30 Tweedy Road
Bromley
BR13FE
Chisl Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
2,425
3,822
Cash at bank and in hand
20,892
14,331
Creditors: amounts falling due within one year
(129,758)
(51,547)
Net current liabilities
(730)
(17,254)
Net assets/(liabilities)
1,695
(13,432)
Called up share capital
600
600
Profit and loss account
1,095
(14,032)
Shareholders' funds
1,695
(13,432)
For the year ending 30 June 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 31 January 2025 and were signed on its behalf by
Dirk Strauss
Director
Company Registration No. 13517600
Chisl Ltd
Notes to the Accounts
for the year ended 30 June 2024
Chisl Ltd is a private company, limited by shares, registered in England and Wales, registration number 13517600. The registered office is Warnford Court, 29 Throgmorton Street, London, EC2N 2AT.
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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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Dividends distributed to the company's shareholders are recognised in the annual accounts in the reporting period in which the dividends are declared.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the
effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Chisl Ltd
Notes to the Accounts
for the year ended 30 June 2024
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end
of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
63
12,500
Chisl Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,019
3,018
Loans from directors
64,342
40,159
Allotted, called up and fully paid:
600 Ordinary shares of £1 each
600
600
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Transactions with related parties
The Directors are related parties of the Company and have provided cashflow to the company to support its operations.
As at the year-end date, the Company owed Dirk Strauss £63,728.80 (2023: £39,857.53) and Willem Kellerman £613.50 (2023: £312).
Loans from Directors are unsecured, interest-free and carry no fixed terms of repayment.
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Average number of employees
During the year the average number of employees was 3 (2023: 1).