Company No: 12553743 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr R G C Misselbrook
	Mr C W Phipps

REGISTERED OFFICE	14 High Cross
	Truro
	TR1 2AJ
	United Kingdom

COMPANY NUMBER

12553743 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Lowin House
	Tregolls Road
	Truro
	Cornwall TR1 2NA

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	3	11,036		0
		11,036		0
Current assets
Debtors	4	2,209		8,936
Cash at bank and in hand		11,652		57,925
		13,861		66,861
Creditors: amounts falling due within one year	5	( 109,001)		( 104,411)
Net current liabilities		(95,140)		(37,550)
Total assets less current liabilities		(84,104)		(37,550)
Creditors: amounts falling due after more than one year	6	( 80,223)		0
Net liabilities		( 164,327)		( 37,550)
Capital and reserves
Called-up share capital		133		100
Profit and loss account		( 164,460 )		( 37,650 )
Total shareholders' deficit		( 164,327)		( 37,550)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of CHS Tactical Limited (registered number: 12553743) were approved and authorised for issue by the Board of Directors on 14 December 2023. They were signed on its behalf by:

Mr R G C Misselbrook Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CHS Tactical Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 High Cross, Truro, TR1 2AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, basis over its expected useful life, as follows:

Vehicles

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 April 2022	0		0
Additions	13,795		13,795
At 31 March 2023	13,795		13,795
Accumulated depreciation
At 01 April 2022	0		0
Charge for the financial year	2,759		2,759
At 31 March 2023	2,759		2,759
Net book value
At 31 March 2023	11,036		11,036
At 31 March 2022	0		0

4. Debtors

	2023		2022
	£		£
Trade debtors	0		3,500
Other debtors	2,209		5,436
	2,209		8,936

5. Creditors: amounts falling due within one year

	2023		2022
	£		£
Trade creditors	0		2,667
Other taxation and social security	3,163		631
Obligations under finance leases and hire purchase contracts (secured)	2,598		0
Other creditors	103,240		101,113
	109,001		104,411

Finance lease liabilities are secured on the assets to which they relate.

6. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Obligations under finance leases and hire purchase contracts (secured)	9,023		0
Other creditors	71,200		0
	80,223		0

Finance lease liabilities are secured on the assets to which they relate.

7. Related party transactions

Transactions with the entity's directors

	2023		2022
	£		£
Balance outstanding brought forward	0		0
Amounts advanced	603		0
Amounts repaid	0		0
Balance outstanding at year end	603		0

No interest is charged on this loan and it is repayable on demand.