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false
false
false
false
false
false
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true
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No description of principal activity
2022-01-01
Sage Accounts Production Advanced 2021 - FRS102_2021
15,092
15,092
xbrli:pure
xbrli:shares
iso4217:GBP
03115981
2022-01-01
2022-12-31
03115981
2022-12-31
03115981
2021-12-31
03115981
2021-01-01
2021-12-31
03115981
2021-12-31
03115981
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2022-01-01
2022-12-31
03115981
core:FurnitureFittings
2022-01-01
2022-12-31
03115981
bus:Director3
2022-01-01
2022-12-31
03115981
core:WithinOneYear
2022-12-31
03115981
core:WithinOneYear
2021-12-31
03115981
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2022-12-31
03115981
core:FurnitureFittings
2021-12-31
03115981
core:FurnitureFittings
2022-12-31
03115981
core:RetainedEarningsAccumulatedLosses
2022-12-31
03115981
core:RetainedEarningsAccumulatedLosses
2021-12-31
03115981
bus:SmallEntities
2022-01-01
2022-12-31
03115981
bus:AuditExemptWithAccountantsReport
2022-01-01
2022-12-31
03115981
bus:FullAccounts
2022-01-01
2022-12-31
03115981
bus:SmallCompaniesRegimeForAccounts
2022-01-01
2022-12-31
03115981
bus:CompanyLimitedByGuarantee
2022-01-01
2022-12-31
03115981
core:ComputerEquipment
2022-01-01
2022-12-31
03115981
core:ComputerEquipment
2021-12-31
03115981
core:ComputerEquipment
2022-12-31
COMPANY REGISTRATION NUMBER:
03115981
Halton Chamber of Commerce and Enterprise |
|
Company Limited by Guarantee |
|
Filleted Unaudited Financial Statements |
|
Halton Chamber of Commerce and Enterprise |
|
Company Limited by Guarantee |
|
Statement of Financial Position |
|
31 December 2022
Fixed assets
Tangible assets |
7 |
|
4,567 |
2,565 |
|
|
|
|
|
Current assets
Debtors |
8 |
123,520 |
|
62,845 |
Cash at bank and in hand |
265,216 |
|
276,012 |
|
--------- |
|
--------- |
|
388,736 |
|
338,857 |
|
|
|
|
|
Creditors: amounts falling due within one year |
9 |
99,685 |
|
104,679 |
|
--------- |
|
--------- |
Net current assets |
|
289,051 |
234,178 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
293,618 |
236,743 |
|
|
--------- |
--------- |
Net assets |
|
293,618 |
236,743 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
Profit and loss account |
|
293,618 |
236,743 |
|
|
--------- |
--------- |
Members funds |
|
293,618 |
236,743 |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 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 year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Halton Chamber of Commerce and Enterprise |
|
Company Limited by Guarantee |
|
Statement of Financial Position (continued) |
|
31 December 2022
These financial statements were approved by the
board of directors
and authorised for issue on
21 September 2023
, and are signed on behalf of the board by:
Mrs V M Allen |
Chairperson |
|
Company registration number:
03115981
Halton Chamber of Commerce and Enterprise |
|
Company Limited by Guarantee |
|
Notes to the Financial Statements |
|
Year ended 31 December 2022
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 7th Floor, Municipal Building, Kingsway, Widnes, WA8 7QF, Cheshire.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Development Costs |
- |
33% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures & Fittings |
- |
25% straight line |
|
Equipment |
- |
20% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has basic financial instruments and has chosen not to designate financial instruments as at fair value through the profit and loss. Therefore, no disclosure required. A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Company limited by guarantee
The company is limited by guarantee and does not have share capital. The liability of the members in the event of the company being wound up to such an amount as may be required not exceeding one pound sterling.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2021:
9
).
6.
Intangible assets
|
Development costs |
|
£ |
Cost |
|
At 1 January 2022 and 31 December 2022 |
15,092 |
|
-------- |
Amortisation |
|
At 1 January 2022 and 31 December 2022 |
15,092 |
|
-------- |
Carrying amount |
|
At 31 December 2022 |
– |
|
-------- |
At 31 December 2021 |
– |
|
-------- |
|
|
7.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2022 |
3,983 |
40,291 |
44,274 |
Additions |
– |
2,650 |
2,650 |
|
------- |
-------- |
-------- |
At 31 December 2022 |
3,983 |
42,941 |
46,924 |
|
------- |
-------- |
-------- |
Depreciation |
|
|
|
At 1 January 2022 |
3,983 |
37,726 |
41,709 |
Charge for the year |
– |
648 |
648 |
|
------- |
-------- |
-------- |
At 31 December 2022 |
3,983 |
38,374 |
42,357 |
|
------- |
-------- |
-------- |
Carrying amount |
|
|
|
At 31 December 2022 |
– |
4,567 |
4,567 |
|
------- |
-------- |
-------- |
At 31 December 2021 |
– |
2,565 |
2,565 |
|
------- |
-------- |
-------- |
|
|
|
|
8.
Debtors
|
2022 |
2021 |
|
£ |
£ |
Trade debtors |
52,277 |
51,835 |
Prepayments and accrued income |
69,929 |
11,010 |
Other debtors |
1,314 |
– |
|
--------- |
-------- |
|
123,520 |
62,845 |
|
--------- |
-------- |
|
|
|
9.
Creditors:
amounts falling due within one year
|
2022 |
2021 |
|
£ |
£ |
Trade creditors |
22,012 |
12,249 |
Accruals and deferred income |
50,607 |
55,999 |
Corporation tax |
12,672 |
13,397 |
Social security and other taxes |
10,220 |
16,330 |
Other creditors |
4,174 |
6,704 |
|
-------- |
--------- |
|
99,685 |
104,679 |
|
-------- |
--------- |
|
|
|