Chorus Solutions Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07149657 (England and Wales)

Unaudited Financial Statements

for the Period 30 September 2022 to 30 September 2023

for

Chorus Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Sherry

M Taylor

N Saner

R Hill

REGISTERED OFFICE:

1 Serbert Way

Portishead

Bristol

City of Bristol

BS20 7GD

REGISTERED NUMBER:

07149657 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

4,370

5,041

CURRENT ASSETS

Debtors

5

96,538

140,358

Cash at bank

160,597

416,562

257,135

556,920

CREDITORS

Amounts falling due within one year

6

187,094

560,944

NET CURRENT ASSETS/(LIABILITIES)

70,041

(4,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

74,411

1,017

PROVISIONS FOR LIABILITIES

1,090

915

NET ASSETS

73,321

102

CAPITAL AND RESERVES

Called up share capital

7

102

102

Retained earnings

73,219

-

SHAREHOLDERS' FUNDS

73,321

102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 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 4 June 2024 and were signed on its behalf by:

A Sherry - Director

1.	STATUTORY INFORMATION

Chorus Solutions Ltd 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.

Changes in accounting policies

The Directors confirmed that the estimation technique used for calculating the depreciation of computer equipment of 25% reducing balance basis does not best reflect the useful economic life of the equipment and therefore as of 1st October 2019 the estimation technique was changed to 33% straight line basis.

The Directors confirmed that the estimation technique used for calculating the depreciation of fixtures and fittings of 15% reducing balance basis does not best reflect the useful economic life of the fixtures and fittings and therefore as of 1st October 2019 the estimation technique was changed to 20% straight line basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Long leasehold

-

12.5% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% 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 13 (2022 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 30 September 2022

1,705

12,994

34,403

49,102

Additions

-

-

2,776

2,776

At 30 September 2023

1,705

12,994

37,179

51,878

DEPRECIATION

At 30 September 2022

1,482

12,927

29,652

44,061

Charge for period

213

21

3,213

3,447

At 30 September 2023

1,695

12,948

32,865

47,508

NET BOOK VALUE

At 30 September 2023

10

46

4,314

4,370

At 29 September 2022

223

67

4,751

5,041

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

29.9.22

£

£

Trade debtors

93,183

124,068

Inter-company debtors

-

67

Prepayments and accrued income

3,355

16,223

96,538

140,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

29.9.22

£

£

Trade creditors

2,893

110

Social security and other taxes

18,314

16,974

VAT

45,113

52,339

Other creditors

5,623

4,410

Accruals and deferred income

25,655

38,410

Inter-company creditors

89,496

448,701

187,094

560,944

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.23

29.9.22

value:

£

£

100

Ordinary

£1.00

100

100

100

Ordinary B

£0.01

p

1

1

99

Ordinary C

£0.01

p

1

1

102

102

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

Chorus Global Holdings Limited owns 100% of the issued share capital and is the ultimate controlling party.