Registered number
11768982
CLICKGP.NET LTD
Filleted Accounts
31 January 2022
CLICKGP.NET LTD
Registered number: 11768982
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 19,166 27,872
Current assets
Debtors 4 8,974 -
Cash at bank and in hand 1,024 39,420
9,998 39,420
Creditors: amounts falling due within one year 5 (9,310) (20,810)
Net current assets 688 18,610
Net assets 19,854 46,482
Capital and reserves
Called up share capital 2 2
Profit and loss account 19,852 46,480
Shareholders' funds 19,854 46,482
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Adeel Riaz
Director
Approved by the board on 12 April 2022
CLICKGP.NET LTD
Notes to the Accounts
for the year ended 31 January 2022
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £ £
Website Development
Cost
At 1 February 2021 43,531 43,531
At 31 January 2022 43,531 43,531
Amortisation
At 1 February 2021 15,659 15,659
Provided during the year 8,706 8,706
At 31 January 2022 24,365 24,365
Net book value
At 31 January 2022 19,166 19,166
At 31 January 2021 27,872 27,872
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2022 2021
£ £
Other debtors 8,974 -
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 8,111 14,925
Other creditors 1,199 5,885
9,310 20,810
6 Other information
CLICKGP.NET LTD is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
West End
London
WC2H 9JQ
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