Chronos Trade Limited
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Notes to the Accounts |
for the period from 3 September 2019 to 31 October 2020
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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2 |
Employees |
2020 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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Additions |
715 |
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At 31 October 2020 |
715 |
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Depreciation |
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Charge for the period |
143 |
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At 31 October 2020 |
- |
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Net book value |
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At 31 October 2020 |
572 |
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4 |
Debtors |
2020 |
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£ |
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Trade debtors |
727 |
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5 |
Creditors: amounts falling due within one year |
2020 |
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£ |
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Trade creditors |
675 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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1,200 |
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Taxation and social security costs |
299 |
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Other creditors |
950 |
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3,124 |
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6 |
Other information |
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Chronos Trade Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Floor3 |
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70 Upper Street |
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Angel |
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N1 0NY |