REGISTERED NUMBER: SC741702 (Scotland)

Unaudited Financial Statements

for the period

1 January 2024 to 31 March 2025

for

CHORUS TRAINING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J L Fraser

I A Taylor

REGISTERED OFFICE:

60 Eastside Drive

Westhill

Aberdeenshire

AB32 6QN

REGISTERED NUMBER:

SC741702 (Scotland)

ACCOUNTANTS:

Mitchells Grievson

Chartered Accountants

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Intangible assets

4

170,566

106,040

Tangible assets

5

5,444

985

176,010

107,025

CURRENT ASSETS

Debtors

6

32,228

45,938

Cash at bank

661,247

52,476

693,475

98,414

CREDITORS

Amounts falling due within one year

7

116,162

88,636

NET CURRENT ASSETS

577,313

9,778

TOTAL ASSETS LESS CURRENT LIABILITIES

753,323

116,803

CREDITORS

Amounts falling due after more than one year

8

(32,738

)

(49,488

)

PROVISIONS FOR LIABILITIES

(1,089

)

(187

)

NET ASSETS

719,496

67,128

CAPITAL AND RESERVES

Called up share capital

3

2

Share premium

709,997

-

Retained earnings

9,496

67,126

719,496

67,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 22 December 2025 and were signed on its behalf by:

I A Taylor - Director

R J L Fraser - Director

1.	STATUTORY INFORMATION

Chorus Training Limited is a private company, limited by shares , registered in Scotland. 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the period 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 period 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.

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 period was 5 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

106,040

Additions

64,526

At 31 March 2025

170,566

NET BOOK VALUE

At 31 March 2025

170,566

At 31 December 2023

106,040

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

1,500

Additions

5,291

At 31 March 2025

6,791

DEPRECIATION

At 1 January 2024

515

Charge for period

832

At 31 March 2025

1,347

NET BOOK VALUE

At 31 March 2025

5,444

At 31 December 2023

985

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

28,519

45,338

Other debtors

3,709

600

32,228

45,938

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

13,839

-

Trade creditors

34,244

21,930

Taxation and social security

15,153

11,654

Other creditors

52,926

55,052

116,162

88,636

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Other creditors

32,738

49,488