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Company Registration No. 13517600 (England and Wales)
Chisl Ltd Unaudited accounts for the year ended 30 June 2024
Chisl Ltd Unaudited accounts Contents
Page
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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
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Chisl Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,425 
3,822 
Current assets
Debtors
108,136 
19,962 
Cash at bank and in hand
20,892 
14,331 
129,028 
34,293 
Creditors: amounts falling due within one year
(129,758)
(51,547)
Net current liabilities
(730)
(17,254)
Net assets/(liabilities)
1,695 
(13,432)
Capital and reserves
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
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Chisl Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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
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
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.
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Chisl Ltd Notes to the Accounts for the year ended 30 June 2024
Trade Creditors
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.
Pension costs
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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
5,517 
Additions
504 
Disposals
(874)
At 30 June 2024
5,147 
Depreciation
At 1 July 2023
1,695 
Charge for the year
1,391 
On disposals
(364)
At 30 June 2024
2,722 
Net book value
At 30 June 2024
2,425 
At 30 June 2023
3,822 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
101,555 
648 
Accrued income and prepayments
63 
12,500 
Other debtors
6,518 
6,814 
108,136 
19,962 
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Chisl Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,707 
6,401 
Trade creditors
42,863 
- 
Taxes and social security
6,019 
3,018 
Loans from directors
64,342 
40,159 
Accruals
1,969 
1,969 
Deferred income
5,858 
- 
129,758 
51,547 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
600 Ordinary shares of £1 each
600 
600 
8
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.
9
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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