Registered number
06945431
Chawton Innovation Services Limited
Filleted Accounts
30 June 2024
Chawton Innovation Services Limited
Registered number: 06945431
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 16,398 18,220
Current assets
Debtors 4 16,976 3,337
Cash at bank and in hand 7,724 3,639
24,700 6,976
Creditors: amounts falling due within one year 5 (7,854) (2,740)
Net current assets 16,846 4,236
Total assets less current liabilities 33,244 22,456
Creditors: amounts falling due after more than one year 6 (33,253) (18,948)
Net (liabilities)/assets (9) 3,508
Capital and reserves
Called up share capital 3 3
Profit and loss account (12) 3,505
Shareholders' funds (9) 3,508
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D O'Connell
Director
Approved by the board on 7 March 2025
Chawton Innovation Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Intangible fixed assets £
Goodwill:
Cost
Additions 18,220
At 30 June 2024 18,220
Amortisation
Provided during the year 1,822
At 30 June 2024 1,822
Net book value
At 30 June 2024 16,398
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors 16,976 3,337
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,000 1,000
Taxation and social security costs 6,854 1,740
7,854 2,740
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,856 11,109
Other creditors 25,397 7,839
33,253 18,948
7 Other information
Chawton Innovation Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Quartz Close, Wokingham, Berkshire. RG41 3TS
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