Company Registration No. 08517987 (England and Wales)
Chaser Technologies Limited
Unaudited accounts
for the year ended 31 December 2024
Chaser Technologies Limited
Unaudited accounts
Contents
Chaser Technologies Limited
Company Information
for the year ended 31 December 2024
Directors
Sonia Dorais
Mark Alan Pearson
Sean Yat Sing Tai
Jessica Tuck
Company Number
08517987 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Chaser Technologies Limited
Accountants' report
Accountants' report to the board of directors of Chaser Technologies Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Chaser Technologies Limited for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Chaser Technologies Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Chaser Technologies Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chaser Technologies Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Chaser Technologies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Chaser Technologies Limited. You consider that Chaser Technologies Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Chaser Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
10 April 2025
Chaser Technologies Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,456
10,927
Cash at bank and in hand
509,835
648,440
Creditors: amounts falling due within one year
(220,268)
(142,651)
Net current assets
640,570
1,015,877
Net assets
642,050
1,026,828
Called up share capital
204
204
Share premium
4,542,402
4,526,980
Profit and loss account
(3,900,556)
(3,500,356)
Shareholders' funds
642,050
1,026,828
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 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 10 April 2025 and were signed on its behalf by
Sonia Dorais
Director
Company Registration No. 08517987
Chaser Technologies Limited
Notes to the Accounts
for the year ended 31 December 2024
Chaser Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 08517987. The registered office is 124 City Road, London, EC1V 2NX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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:
Plant & machinery
25% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisaton is provided on the following basis:
Trademark - useful life of 10 years
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Chaser Technologies Limited
Notes to the Accounts
for the year ended 31 December 2024
After reviewing the company's confirmed business levels for the next 3 years, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
698
23,502
24,200
Disposals
(698)
(9,165)
(9,863)
At 31 December 2024
-
14,337
14,337
At 1 January 2024
392
12,881
13,273
Charge for the year
(392)
-
(392)
At 31 December 2024
-
12,881
12,881
At 31 December 2024
-
1,456
1,456
At 31 December 2023
306
10,621
10,927
Amounts falling due within one year
Trade debtors
24,644
8,759
Amounts due from group undertakings etc.
201,000
201,000
Accrued income and prepayments
125,359
152,329
Chaser Technologies Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
26,359
34,768
Taxes and social security
32,415
29,793
Deferred income
89,192
33,565
8
Transactions with related parties
At the year end, the Balance Sheet includes a receivable of 201,000 (2022: 201,000) due from Chaser Technologies Warehouse Limited. This is a company which is 100% owned by Fuel Ventures Limited, a company in which the director M.A Pearson has an interest in.
9
Average number of employees
During the year the average number of employees was 18 (2023: 18).