Chapter X Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14652973 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHAPTER X LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Blanshard

REGISTERED OFFICE:

Oaktree Court Business Centre

Mill Lane

Ness

Neston

CH64 8TP

REGISTERED NUMBER:

14652973 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

4

1,818

1,736

CURRENT ASSETS

Debtors

5

247,873

127,983

Cash at bank

338,093

38,341

585,966

166,324

CREDITORS

Amounts falling due within one year

6

386,168

88,336

NET CURRENT ASSETS

199,798

77,988

TOTAL ASSETS LESS CURRENT
LIABILITIES

201,616

79,724

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

8

201,614

79,722

SHAREHOLDERS' FUNDS

201,616

79,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2025 and were signed by:

R Blanshard - Director

1.	STATUTORY INFORMATION

Chapter X Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

transactions are rounded to the nearest £

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

2,500

Additions

916

At 31 December 2024

3,416

DEPRECIATION

At 1 January 2024

764

Charge for year

834

At 31 December 2024

1,598

NET BOOK VALUE

At 31 December 2024

1,818

At 31 December 2023

1,736

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

118,340

126,185

Other debtors

-

1,374

VAT

73,049

-

Prepayments and accrued income

56,484

424

247,873

127,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade creditors

-

700

Tax

45,903

23,702

Social security and other taxes

65,142

3,909

VAT

-

19,829

Other creditors

2,909

864

Directors' current accounts

1,234

13,725

Accruals and deferred income

270,980

25,607

386,168

88,336

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

2

Ordinary

1

2

8.

RESERVES

Retained

earnings

£

At 1 January 2024

79,722

Profit for the year

134,892

Dividends

(13,000

)

At 31 December 2024

201,614