Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
30 June 2025
Directors | |
Registered Address | |
Registered Number |
The directors present their report and the financial statements of the company for the year ended 30 June 2025.
The directors who served during the year were as follows:
| Statement of Directors Responsibilities |
|---|
| The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit and loss for the company for that period. In preparing these financial statements, the directors are required to: • select suitable accounting policies and then apply them consistently; • make judgements and accounting estimates that are reasonable and prudent; • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. |
Small companies regime
The report of the directors has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.
By order of the board:
SUMMERS, James Martyn12 August 2025
Chartered Accountants' report to the directors on the preparation of the unaudited statutory financial statements of ETHOS-CHAIN LTD (the company) for the year ended 30 June 2025.
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 June 2025 which comprise the Profit and Loss accounts, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the directors of the company, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the directors of the company, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors, as a body, for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of the company. You consider that the company is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the financial statements of the company. 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 financial statements.
Smooth Accounting
1000 Lakeside
North Harbour
Western Road
Cosham
PO6 3EN
Date: 12 August 2025
Notes | 2025 | 2024 | ||
|---|---|---|---|---|
| Gross profit | ||||
| Administrative expenses | ( | ( | ||
| Interest payable and similar charges | ( | ( | ||
| Profit before taxation | ||||
| Tax | ( | |||
| Profit for the year |
Notes | 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|---|
£ | £ | £ | £ | |||||
| Fixed assets | ||||||||
| Intangible assets | 3 | |||||||
| Tangible assets | 4 | |||||||
| Current assets | ||||||||
| Debtors | 5 | |||||||
| Cash at bank and on hand | ||||||||
| Creditors amounts falling due within one year | 6 | ( | ( | |||||
| Net current assets (liabilities) | ||||||||
| Total assets less current liabilities | ||||||||
| Provisions for liabilities | 7 | ( | ||||||
| Net assets | ||||||||
| Capital and reserves | ||||||||
| Called up share capital | ||||||||
| Profit and loss account | ||||||||
| Shareholders' funds | ||||||||
| The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2025, and are signed on its behalf by: |
Director Registered Company No. 14915273 |
| 1. | Accounting policies |
|---|
| Statutory information | |
|---|---|
| Statement of compliance | |
|---|---|
| Basis of preparation | |
|---|---|
| Functional and presentation currency | |
|---|---|
| Turnover policy | |
|---|---|
| Foreign currency translation | |
|---|---|
| Current taxation | |
|---|---|
| Deferred tax | |
|---|---|
| Intangible assets | |
|---|---|
| Tangible fixed assets and depreciation | |
|---|---|
| Straight line (years) | ||
|---|---|---|
| Office Equipment |
| Financial instruments | |
|---|---|
| 2. | Average number of employees |
|---|---|
| 2025 | 2024 | |||
|---|---|---|---|---|
| Average number of employees during the year |
| 3. | Intangible assets |
|---|---|
Total | ||
|---|---|---|
| £ | ||
| Cost or valuation | ||
| Additions | ||
| At 30 June 25 | ||
| Amortisation and impairment | ||
| Charge for year | ||
| At 30 June 25 | ||
| Net book value | ||
| At 30 June 25 | ||
| At 30 June 24 |
| 4. | Tangible fixed assets |
|---|---|
Total | ||
|---|---|---|
| £ | ||
| Cost or valuation | ||
| At 01 July 24 | ||
| Additions | ||
| At 30 June 25 | ||
| Depreciation and impairment | ||
| Charge for year | ||
| At 30 June 25 | ||
| Net book value | ||
| At 30 June 25 | ||
| At 30 June 24 |
| 5. | Debtors: amounts due within one year |
|---|---|
2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments and accrued income | ||||
| Total |
| 6. | Creditors: amounts due within one year |
|---|---|
2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors / trade payables | ||||
| Taxation and social security | ||||
| Total |
| 7. | Provisions for liabilities |
|---|---|
2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Net deferred tax liability (asset) | ||||
| Total |
| 8. | Share capital |
|---|---|
2025 | 2024 | |||
|---|---|---|---|---|
| Turnover | ||||
| Sales | 825,465 | 57,250 | ||
| 825,465 | 57,250 | |||
| Cost of sales | ||||
| Consulting | 530,411 | 32,580 | ||
| Direct Expenses | 11,160 | - | ||
| Relocation Expenses | 8,001 | - | ||
| 549,572 | 32,580 | |||
| Gross Profit | ||||
| Gross Profit | 275,893 | 24,670 | ||
| 275,893 | 24,670 | |||
| Administrative expenses | ||||
| Advertising & Marketing | 11,613 | 99 | ||
| Amortisation | 840 | - | ||
| Audit & Accountancy fees | 2,340 | - | ||
| Charitable and Political Donations | 26,537 | - | ||
| Depreciation Expense | 1,103 | - | ||
| Entertainment - 0% | 23,273 | 253 | ||
| Entertainment-100% business | 541 | 502 | ||
| General Expenses | 15,418 | 4,748 | ||
| Insurance | 1,072 | 357 | ||
| IT Software and Consumables | 4,053 | 1,409 | ||
| Rent | 3,240 | - | ||
| Staff Training | 4,455 | - | ||
| Subscriptions | 872 | 35 | ||
| Telephone & Internet | 79 | - | ||
| Travel - International | 91,185 | 8,754 | ||
| Travel - National | 31,772 | 226 | ||
| 218,393 | 16,383 | |||
| Interest payable and similar charges | ||||
| Bank Fees | 68 | 60 | ||
| 68 | 60 | |||
| Corporation Tax | ||||
| Corporation tax - Prior year | 2,629 | - | ||
| Deferred tax movement | 895 | - | ||
| Current tax for the period | 19,589 | - | ||
| 23,113 | - | |||
| Profit for the year | ||||
| Net Profit | 34,319 | 8,227 | ||
| 34,319 | 8,227 |
2025 | |||
|---|---|---|---|
| Turnover | |||
| Sales | |||
| 825,465 | |||
| Cost of sales | |||
| Direct Outsourced Services | |||
| Direct Other staff costs | |||
| 549,572 | |||
| Administrative expenses | |||
| Rent, Rates and Services Costs | |||
| Plant and machinery - Depreciation expense, property, plant and equipment | |||
| Travel and subsistence costs | |||
| Training costs | |||
| Audit Accountancy Costs | |||
| Advertising, Promotions and Marketing Costs | |||
| Other Entertaining Costs | |||
| Insurance Costs | |||
| IT & Computing Costs | |||
| Telecommunications Costs | |||
| Charitable Donations | |||
| Subscriptions Costs | |||
| Other Operational Administration Costs | |||
| Other Costs | |||
| 218,393 | |||
| Interest payable and similar charges | |||
| Bank charges | |||
| 68 |