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REGISTERED NUMBER: 10434603 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CHC ACCOUNTANCY LIMITED

CHC ACCOUNTANCY LIMITED (REGISTERED NUMBER: 10434603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHC ACCOUNTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: D M Belbin
D Bransbury
L J Blunden
K McLaughlin





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 10434603 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

CHC ACCOUNTANCY LIMITED (REGISTERED NUMBER: 10434603)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,403,364
Tangible assets 5 38,222 67,535
38,222 1,470,899

CURRENT ASSETS
Debtors 6 1,601,170 580,582
Cash at bank and in hand 101,115 1,841
1,702,285 582,423
CREDITORS
Amounts falling due within one year 7 464,420 642,882
NET CURRENT ASSETS/(LIABILITIES) 1,237,865 (60,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,276,087

1,410,440

CREDITORS
Amounts falling due after more than
one year

8

(465,277

)

(634,323

)

PROVISIONS FOR LIABILITIES (9,558 ) (11,954 )
NET ASSETS 801,252 764,163

CAPITAL AND RESERVES
Called up share capital 2,600 2,600
Retained earnings 798,652 761,563
801,252 764,163

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

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

The directors acknowledge their 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.

CHC ACCOUNTANCY LIMITED (REGISTERED NUMBER: 10434603)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:




D M Belbin - Director



D Bransbury - Director


CHC ACCOUNTANCY LIMITED (REGISTERED NUMBER: 10434603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

CHC Accountancy Limited 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.

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.

Amounts recoverable on work in progress but uninvoiced are recorded within trade debtors.

Goodwill
Goodwill was valued by the directors on incorporation based on a multiple of recurring fees. The directors conduct an annual impairment review rather than write down the value over a period of time as required by FRS 102(1a) as they consider this shows a more accurate reflection of the value of the business at the balance sheet date.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Equal instalments over period of lease
Plant and machinery etc - Straight line over 5 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CHC ACCOUNTANCY LIMITED (REGISTERED NUMBER: 10434603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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 20 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 1,403,364
Disposals (1,403,364 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 1,403,364

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 1,954 87,367 89,321
Additions - 2,327 2,327
Disposals (1,954 ) (38,617 ) (40,571 )
At 31 October 2024 - 51,077 51,077
DEPRECIATION
At 1 November 2023 479 21,307 21,786
Charge for year 240 14,939 15,179
Eliminated on disposal (719 ) (23,391 ) (24,110 )
At 31 October 2024 - 12,855 12,855
NET BOOK VALUE
At 31 October 2024 - 38,222 38,222
At 31 October 2023 1,475 66,060 67,535

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 216,955 461,212
Other debtors 402,657 119,370
619,612 580,582

CHC ACCOUNTANCY LIMITED (REGISTERED NUMBER: 10434603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 981,558 -

Aggregate amounts 1,601,170 580,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 34,204
Hire purchase contracts 7,434 7,435
Trade creditors 8,158 25,643
Taxation and social security 72,224 172,215
Other creditors 366,604 403,385
464,420 642,882

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 20,000
Hire purchase contracts 26,630 34,064
Other creditors 428,647 580,259
465,277 634,323

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £153,000 (2023 - £229,500).

This relates to rental payments due under the terms of a property lease but this is now subject to a underlease to a third party who is undertaking to pay the monthly costs.