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27 June 2025
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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2024 - FRS102_2024
966,318
392,410
1,358,728
1,358,728
966,318
xbrli:pure
xbrli:shares
iso4217:GBP
08352509
2023-04-01
2024-03-31
08352509
2024-03-31
08352509
2023-03-31
08352509
2022-04-01
2023-03-31
08352509
2023-03-31
08352509
2022-03-31
08352509
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2023-04-01
2024-03-31
08352509
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2023-04-01
2024-03-31
08352509
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2024-03-31
08352509
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2023-03-31
08352509
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2024-03-31
08352509
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2023-03-31
08352509
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2024-03-31
08352509
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2023-03-31
08352509
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2024-03-31
08352509
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2023-03-31
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2023-03-31
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2023-04-01
2024-03-31
COMPANY REGISTRATION NUMBER:
08352509
Chartwell Consulting Limited |
|
Filleted Financial Statements |
|
Chartwell Consulting Limited |
|
Year ended 31 March 2024
Statement of financial position |
1 |
|
|
Notes to the financial statements |
2 |
|
|
Chartwell Consulting Limited |
|
Statement of Financial Position |
|
31 March 2024
Fixed assets
Intangible assets |
5 |
|
1,358,728 |
966,318 |
|
|
|
|
|
Current assets
Debtors |
6 |
10,146,665 |
|
9,312,204 |
Cash at bank and in hand |
240,364 |
|
377,346 |
|
------------- |
|
------------ |
|
10,387,029 |
|
9,689,550 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
10,155,754 |
|
9,855,865 |
|
------------- |
|
------------ |
Net current assets/(liabilities) |
|
231,275 |
(
166,315) |
|
|
------------ |
--------- |
Total assets less current liabilities |
|
1,590,003 |
800,003 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
1,590,000 |
800,000 |
|
|
------------ |
--------- |
Net assets |
|
3 |
3 |
|
|
------------ |
--------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
3 |
3 |
|
|
---- |
---- |
Shareholders funds |
|
3 |
3 |
|
|
---- |
---- |
|
|
|
|
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
27 June 2025
, and are signed on behalf of the board by:
Company registration number:
08352509
Chartwell Consulting Limited |
|
Notes to the Financial Statements |
|
Year ended 31 March 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 78 York Street, London, W1H 1DP, 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the group companies.
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 and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current tax 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.
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from 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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
40
(2023:
34
).
5.
Intangible assets
|
Development costs |
|
£ |
Cost |
|
At 1 April 2023 |
966,318 |
Additions |
392,410 |
|
------------ |
At 31 March 2024 |
1,358,728 |
|
------------ |
Amortisation |
|
At 1 April 2023 and 31 March 2024 |
– |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
1,358,728 |
|
------------ |
At 31 March 2023 |
966,318 |
|
------------ |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
736,884 |
1,756,048 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
9,027,406 |
7,246,047 |
Other debtors |
382,375 |
310,109 |
|
------------- |
------------ |
|
10,146,665 |
9,312,204 |
|
------------- |
------------ |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
1,906,041 |
1,565,049 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
7,292,199 |
7,087,656 |
Social security and other taxes |
276,496 |
122,351 |
Other creditors |
681,018 |
1,080,809 |
|
------------- |
------------ |
|
10,155,754 |
9,855,865 |
|
------------- |
------------ |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
1,590,000 |
800,000 |
|
------------ |
--------- |
|
|
|
9.
Summary audit opinion
The auditor's report dated
27 June 2025
was
unqualified
.
The senior statutory auditor was
Dominic Wood
, for and on behalf of
Burgess Hodgson LLP
.
10.
Controlling party
The company is a group undertaking of
Chartwell Consulting International LLP
, an LLP registered in England and Wales. The directors of the company are members of Chartwell Consulting International LLP. The company is ultimately controlled by the directors. The registered office address of the ultimate parent undertaking is 78 York Street, London, England, W1H 1DP
.