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COMPANY REGISTRATION NUMBER: 12825854
Chrysalis Consult Limited
Filleted Unaudited Financial Statements
30 September 2024
Chrysalis Consult Limited
Financial Statements
Period from 1 September 2023 to 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Chrysalis Consult Limited
Statement of Financial Position
30 September 2024
30 Sep 24
31 Aug 23
Note
£
£
Fixed assets
Tangible assets
5
3,944
4,330
Current assets
Debtors
6
16,778
51,045
Cash at bank and in hand
62,661
32,576
--------
--------
79,439
83,621
Creditors: amounts falling due within one year
7
25,106
4,896
--------
--------
Net current assets
54,333
78,725
--------
--------
Total assets less current liabilities
58,277
83,055
--------
--------
Net assets
58,277
83,055
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
58,177
82,955
--------
--------
Shareholders funds
58,277
83,055
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chrysalis Consult Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Mrs R S Watkins
Director
Company registration number: 12825854
Chrysalis Consult Limited
Notes to the Financial Statements
Period from 1 September 2023 to 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 River Court, Chartham, Kent, CT4 7JN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Finacial liabilities and equity instruments are classified according to the substance of the constractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 September 2023
7,054
7,054
Additions
1,459
1,459
-------
-------
At 30 September 2024
8,513
8,513
-------
-------
Depreciation
At 1 September 2023
2,724
2,724
Charge for the period
1,845
1,845
-------
-------
At 30 September 2024
4,569
4,569
-------
-------
Carrying amount
At 30 September 2024
3,944
3,944
-------
-------
At 31 August 2023
4,330
4,330
-------
-------
6. Debtors
30 Sep 24
31 Aug 23
£
£
Trade debtors
1,388
23,606
Other debtors
15,390
27,439
--------
--------
16,778
51,045
--------
--------
7. Creditors: amounts falling due within one year
30 Sep 24
31 Aug 23
£
£
Trade creditors
23,157
Corporation tax
3,096
Other creditors
1,949
1,800
--------
-------
25,106
4,896
--------
-------
8. Directors' advances, credits and guarantees
During the period advances of £24,122 were made jointly to the directors, repayments of £30,245 were made jointly by the directors. Interest of £148 was charged on the loan.
9. Related party transactions
At the period end the company was owed nil (2023: £758) by a company associated by common control. At the period end the company jointly owed the directors £149 (2023: was owed £6,123).