ChamberTech Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Registration number:
ChamberTech Limited
for the Year Ended 31 January 2026
ChamberTech Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
ChamberTech Limited
Company Information
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Directors |
R Chambers J A Pearson-Stuttard |
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Registered office |
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Accountants |
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ChamberTech Limited
(Registration number: 14071792)
Statement of Financial Position as at 31 January 2026
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Note |
2026 |
2025 |
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Non-current assets |
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Intangible assets |
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Property, plant and equipment |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Equity |
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Called up share capital |
1,486 |
1,336 |
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Share premium reserve |
750,625 |
296,156 |
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Retained earnings |
(334,894) |
(166,859) |
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Shareholders' funds |
417,217 |
130,633 |
For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
The financial statements of ChamberTech Limited were approved and authorised for issue by the
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Director
ChamberTech Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026
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General information |
ChamberTech Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.
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Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Going concern
The directors have considered the company's operations and the financial projections for the company and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Revenue recognition
Revenue comprises of grant income which are recognised in profit and loss when all the conditions for the receipt are satisfied and there is reasonable assurance that the grant will be receivable. This occurs when the grant claim has been approved by the grant making body.
ChamberTech Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026 (continued)
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2 |
Accounting policies (continued) |
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Property, plant and equipment
Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment 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:
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Asset class |
Depreciation method and rate |
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Office equipment |
25% straight line |
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
ChamberTech Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026 (continued)
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Accounting policies (continued) |
Receivables
Trade and other receivables that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.
Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables 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.
Trade and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
ChamberTech Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026 (continued)
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Intangible assets |
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Trademarks, patents and licenses |
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Cost or valuation |
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At 1 February 2025 |
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Additions acquired separately |
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At 31 January 2026 |
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Amortisation |
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Carrying amount |
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At 31 January 2026 |
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At 31 January 2025 |
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Property, plant and equipment |
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Furniture, fittings and equipment |
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Cost or valuation |
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At 1 February 2025 |
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Additions |
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At 31 January 2026 |
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Depreciation |
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At 1 February 2025 |
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Charge for the year |
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At 31 January 2026 |
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Carrying amount |
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At 31 January 2026 |
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At 31 January 2025 |
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ChamberTech Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026 (continued)
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Receivables |
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2026 |
2025 |
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Prepayments |
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Other receivables |
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Cash and cash equivalents |
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2026 |
2025 |
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Cash at bank |
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Payables |
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2026 |
2025 |
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Due within one year |
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Trade payables |
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Taxation and social security |
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Accruals and deferred income |
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Other payables |
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- |
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Share capital and reserves |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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1,449 |
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1,336 |
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37 |
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ChamberTech Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026 (continued)
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Share capital and reserves (continued) |
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
The share premium reserve represents premium paid for new shares above their nominal value net of issue costs and bonus share issues. This reserve forms part of the company's non-distributable reserves.
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Pension scheme |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £