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Registered Number: 09894016
England and Wales

 

 

 

CONGRUENT ADVANTAGE LTD.


Abridged Accounts
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
  2022   2021
    £ £   £ £
Fixed assets   3,917      5,125 
Current assets 473,987      315,473   
Creditors: amount falling due within one year (138,217)     (82,565)  
Net current assets   335,770      232,908 
Total assets less current liabilities   339,687      238,033 
Creditors: amount falling due after more than one year   (35,000)     (44,676)
Net assets   304,687      193,357 
 

         
Capital and reserves   304,687      193,357 
 
NOTES TO THE ACCOUNTS

General Information
CONGRUENT ADVANTAGE LTD. is a private company, limited by shares, registered in England and Wales, registration number 09894016, registration address 7 Bell Yard, London, WC2A 2jr.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2022 13,542    13,542 
Additions  
Disposals  
At 31 December 2022 13,542    13,542 
Depreciation
At 01 January 2022 8,417    8,417 
Charge for year 1,208    1,208 
On disposals  
At 31 December 2022 9,625    9,625 
Net book values
Closing balance as at 31 December 2022 3,917    3,917 
Opening balance as at 01 January 2022 2,622    2,622 


3.

Average number of employees

Average number of employees during the year was 2 (2021 : 2).


For the year ended 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 accounts for the year in question 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 accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 29 September 2023 and were signed on its behalf by:


--------------------------------
Olamilekan H Lawal
Director
1