Registered number
10744955
CONSTANTINE CYBERSECURITY LTD
Filleted Accounts
30 April 2023
CONSTANTINE CYBERSECURITY LTD
Registered number: 10744955
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 566,234 223,681
Current assets
Debtors 4 9,739 21,039
Cash at bank and in hand 154,903 334,704
164,642 355,743
Creditors: amounts falling due within one year 5 (53,912) (74,339)
Net current assets 110,730 281,404
Total assets less current liabilities 676,964 505,085
Creditors: amounts falling due after more than one year 6 (236,714) (109,985)
Net assets 440,250 395,100
Capital and reserves
Called up share capital 10 10
Profit and loss account 440,240 395,090
Shareholders' funds 440,250 395,100
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 B Schofield
Director
Approved by the board on 20 October 2023
CONSTANTINE CYBERSECURITY LTD
Notes to the Accounts
for the year ended 30 April 2023
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.
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 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2022 215,000 16,898 231,898
Additions 343,000 7,787 350,787
Disposals - (4,124) (4,124)
At 30 April 2023 558,000 20,561 578,561
Depreciation
At 1 May 2022 - 8,217 8,217
Charge for the year - 5,141 5,141
On disposals - (1,031) (1,031)
At 30 April 2023 - 12,327 12,327
Net book value
At 30 April 2023 558,000 8,234 566,234
At 30 April 2022 215,000 8,681 223,681
4 Debtors 2023 2022
£ £
Trade debtors 9,739 21,039
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 225 225
Taxation and social security costs 53,027 71,800
Other creditors 660 2,314
53,912 74,339
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 236,714 109,985
7 Other information
CONSTANTINE CYBERSECURITY LTD is a private company limited by shares and incorporated in England. Its registered office is:
The Manor
Church Lane
Wheldrake
York
YO19 6AW
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