CHAMELEON DIGITIZATION LIMITED

Company Registration Number:
SC536328 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 29 April 2023

End date: 30 April 2024

CHAMELEON DIGITIZATION LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

CHAMELEON DIGITIZATION LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company is plumbing, heat and air-conditioning installation



Directors

The directors shown below have held office during the whole of the period from
29 April 2023 to 30 April 2024

Darren McDermott
Iain Muir
Jason McDermott
William McDermott


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 April 2025

And signed on behalf of the board by:
Name: Darren McDermott
Status: Director

CHAMELEON DIGITIZATION LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 1,369,131 1,006,505
Tangible assets: 4 54,443 66,448
Investments:   0 0
Total fixed assets: 1,423,574 1,072,953
Current assets
Stocks: 5 938,311 948,311
Debtors: 6 48,796 87,959
Cash at bank and in hand: 8,551 2,645
Investments:   0 0
Total current assets: 995,658 1,038,915
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 2,220,004 ) ( 1,627,102 )
Net current assets (liabilities): (1,224,346) (588,187)
Total assets less current liabilities: 199,228 484,766
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 199,228 484,766
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 581,042 657,350
Profit and loss account: (381,914 ) (172,684 )
Total Shareholders' funds: 199,228 484,766

The notes form part of these financial statements

CHAMELEON DIGITIZATION LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 April 2025
and signed on behalf of the board by:

Name: Darren McDermott
Status: Director

The notes form part of these financial statements

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Computer equipment 33% Reducing balances

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 13 21

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 29 April 2023 0 1,158,600 1,158,600
Additions 0 531,651 531,651
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 April 2024 0 1,690,251 1,690,251
Amortisation
At 29 April 2023 0 152,095 152,095
Charge for year 0 169,025 169,025
On disposals 0 0 0
Other adjustments 0 0 0
At 30 April 2024 0 321,120 321,120
Net book value
At 30 April 2024 0 1,369,131 1,369,131
At 28 April 2023 0 1,006,505 1,006,505

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 29 April 2023 0 0 139,606 0 0 139,606
Additions 0 0 14,812 0 0 14,812
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2024 0 0 154,418 0 0 154,418
Depreciation
At 29 April 2023 0 0 73,158 0 0 73,158
Charge for year 0 0 26,817 0 0 26,817
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2024 0 0 99,975 0 0 99,975
Net book value
At 30 April 2024 0 0 54,443 0 0 54,443
At 28 April 2023 0 0 66,448 0 0 66,448

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Stocks

2024 2023
£ £
Stocks 938,311 948,311
Payments on account 0 0
Total 938,311 948,311

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Debtors

2024 2023
£ £
Trade debtors 38,748 58,890
Prepayments and accrued income 0 0
Other debtors 10,048 29,069
Total 48,796 87,959
Debtors due after more than one year: 0 0

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 202,740 132,829
Taxation and social security 148,925 65,385
Accruals and deferred income 4,000 3,950
Other creditors 1,864,339 1,424,938
Total 2,220,004 1,627,102

CHAMELEON DIGITIZATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

8. Financial Commitments

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.