Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 713579 Mr Nicholas Long Mr Paul Boote Mr Nicholas Long iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 713579 2023-12-31 713579 2024-12-31 713579 2024-01-01 2024-12-31 713579 frs-core:CurrentFinancialInstruments 2024-12-31 713579 frs-core:Non-currentFinancialInstruments 2024-12-31 713579 frs-core:BetweenOneFiveYears 2024-12-31 713579 frs-core:ComputerEquipment 2024-12-31 713579 frs-core:ComputerEquipment 2024-01-01 2024-12-31 713579 frs-core:ComputerEquipment 2023-12-31 713579 frs-core:FurnitureFittings 2024-12-31 713579 frs-core:FurnitureFittings 2024-01-01 2024-12-31 713579 frs-core:FurnitureFittings 2023-12-31 713579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 713579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 713579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 713579 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 713579 frs-core:ShareCapital 2024-12-31 713579 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 713579 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 713579 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 713579 frs-bus:SmallEntities 2024-01-01 2024-12-31 713579 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 713579 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 713579 frs-bus:Director1 2024-01-01 2024-12-31 713579 frs-bus:Director2 2024-01-01 2024-12-31 713579 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 713579 frs-countries:EnglandWales 2024-01-01 2024-12-31 713579 2022-12-31 713579 2023-12-31 713579 2023-01-01 2023-12-31 713579 frs-core:CurrentFinancialInstruments 2023-12-31 713579 frs-core:Non-currentFinancialInstruments 2023-12-31 713579 frs-core:BetweenOneFiveYears 2023-12-31 713579 frs-core:ShareCapital 2023-12-31 713579 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 713579
Chase Independent Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Chase Independent Limited
85 Railway Street
Hertford
Herts
SG14 1RP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 713579
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 528,156 377,909
528,156 377,909
CURRENT ASSETS
Stocks 5 - 670,968
Debtors 6 3,512 5,546
Cash at bank and in hand - 9,685
3,512 686,199
Creditors: Amounts Falling Due Within One Year 7 (484,149 ) (1,003,820 )
NET CURRENT ASSETS (LIABILITIES) (480,637 ) (317,621 )
TOTAL ASSETS LESS CURRENT LIABILITIES 47,519 60,288
Creditors: Amounts Falling Due After More Than One Year 8 (16,326 ) (10,912 )
NET ASSETS 31,193 49,376
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 30,193 48,376
SHAREHOLDERS' FUNDS 31,193 49,376
Page 1
Page 2
For the year ending 31 December 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.
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 Paul Boote
Director
14/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chase Independent Limited is a private company, limited by shares, incorporated in England, registered number 713579. The registered office is 28 Railway Street,Hertford, Herts. SG141BA.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 2% per year
Leasehold 4% per year
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:3 (2016 3)
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 400,000 1,142 66,396 467,538
Additions 144,000 - 34,995 178,995
Disposals - - (26,995 ) (26,995 )
As at 31 December 2024 544,000 1,142 74,396 619,538
Depreciation
As at 1 January 2024 32,000 1,142 56,487 89,629
Provided during the period 10,880 - 4,374 15,254
Disposals - - (13,501 ) (13,501 )
As at 31 December 2024 42,880 1,142 47,360 91,382
Net Book Value
As at 31 December 2024 501,120 - 27,036 528,156
As at 1 January 2024 368,000 - 9,909 377,909
5. Stocks
2024 2023
£ £
Stock - 670,968
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,512 5,546
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 55,268 37,748
Bank loans and overdrafts 8,242 29,000
Corporation tax - 4,494
Other taxes and social security 212 652
Other creditors 420,427 931,926
484,149 1,003,820
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,326 10,912
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Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 16,326 10,912
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5