Company Registration No. 11391179 (England and Wales)
Chronicle Computing Ltd
Unaudited accounts
for the year ended 31 May 2026
Chronicle Computing Ltd
Unaudited accounts
Contents
Chronicle Computing Ltd
Statement of financial position
as at 31 May 2026
Intangible assets
848,580
692,853
Tangible assets
16,930
19,643
Cash at bank and in hand
296,614
210,136
Creditors: amounts falling due within one year
(1,058,767)
(817,347)
Net current liabilities
(509,990)
(491,374)
Total assets less current liabilities
355,520
221,122
Creditors: amounts falling due after more than one year
-
(2)
Provisions for liabilities
Deferred tax
(1,119)
(1,598)
Net assets
354,401
219,522
Called up share capital
200
200
Profit and loss account
354,201
219,322
Shareholders' funds
354,401
219,522
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by
R Lassen
Director
Company Registration No. 11391179
Chronicle Computing Ltd
Notes to the Accounts
for the year ended 31 May 2026
Chronicle Computing Ltd is a private company, limited by shares, registered in England and Wales, registration number 11391179. The registered office is Unit 52, Shrivenham 100 Business Park, Majors Road, Watchfield, Swindon, SN6 8TY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Intangible fixed assets are included at cost less accumulated amortisation. Development costs are being amortised at 10% straight line and 7 years straight line.
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Chronicle Computing Ltd
Notes to the Accounts
for the year ended 31 May 2026
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other
Charge for the year
119,371
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2025
28,737
3,379
12,449
44,565
At 31 May 2026
28,737
3,379
14,715
46,831
At 1 June 2025
13,948
1,210
9,764
24,922
Charge for the year
3,697
542
1,573
5,812
On disposals
-
-
(833)
(833)
At 31 May 2026
17,645
1,752
10,504
29,901
At 31 May 2026
11,092
1,627
4,211
16,930
At 31 May 2025
14,789
2,169
2,685
19,643
Chronicle Computing Ltd
Notes to the Accounts
for the year ended 31 May 2026
Amounts falling due within one year
Trade debtors
214,004
64,809
Accrued income and prepayments
3,837
3,911
Other debtors
12,554
17,985
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
-
3,572
Trade creditors
64,786
32,572
Taxes and social security
57,604
12,808
Other creditors
25,094
23,017
Loans from directors
997
-
Deferred income
807,683
646,545
8
Creditors: amounts falling due after more than one year
2026
2025
9
Operating lease commitments
2026
2025
At 31 May 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
24,897
22,680
Later than one year and not later than five years
-
13,230
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
5,431
31,820
38,248
(997)
5,431
31,820
38,248
(997)
At the period end, a director owed the company £997. No interest has been charged on this loan.
11
Average number of employees
During the year the average number of employees was 15 (2025: 15).