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Company registration number: 12597482
Clickdeal Limited
Unaudited filleted financial statements
31 October 2022
Clickdeal Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Clickdeal Limited
Directors and other information
Director Mrs Sharmila Sicka-Sabharwal
Company number 12597482
Registered office 71-75 Shelton Street
London
WC2H 9JQ
Business address 6 Beaumont Gardens
Hampstead
London
NW3 7TF
Clickdeal Limited
Statement of financial position
31 October 2022
31/10/22 31/10/21
Note £ £ £ £
Fixed assets
Tangible assets 6 2,414 -
_______ _______
2,414 -
Current assets
Debtors 7 364,872 200
Cash at bank and in hand 893 95,606
_______ _______
365,765 95,806
Creditors: amounts falling due
within one year 8 ( 269,825) ( 34,770)
_______ _______
Net current assets 95,940 61,036
_______ _______
Total assets less current liabilities 98,354 61,036
_______ _______
Net assets 98,354 61,036
_______ _______
Capital and reserves
Called up share capital 9 200 200
Profit and loss account 98,154 60,836
_______ _______
Shareholders funds 98,354 61,036
_______ _______
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2023 , and are signed on behalf of the board by:
Mrs Sharmila Sicka-Sabharwal
Director
Company registration number: 12597482
Clickdeal Limited
Statement of changes in equity
Year ended 31 October 2022
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2020 - - -
Profit for the year 60,836 60,836
_______ _______ _______
Total comprehensive income for the year - 60,836 60,836
Issue of shares 200 200
_______ _______ _______
Total investments by and distributions to owners 200 - 200
_______ _______ _______
At 31 October 2021 and 1 November 2021 200 60,836 61,036
Profit for the year 37,318 37,318
_______ _______ _______
Total comprehensive income for the year - 37,318 37,318
_______ _______ _______
At 31 October 2022 200 98,154 98,354
_______ _______ _______
Clickdeal Limited
Notes to the financial statements
Year ended 31 October 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
Taxation
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.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 2 ).
5. Tax on profit
Major components of tax expense
year period
ended ended
31/10/22 31/10/21
£ £
Current tax:
UK current tax expense 10,899 -
Adjustments in respect of previous periods 11,559 -
_______ _______
Tax on profit 22,458 -
_______ _______
Reconciliation of tax expense
The tax assessed on the profit for the year is higher than (2021: lower than) the standard rate of corporation tax in the UK of 19.00 % (2021: 19.00%).
year period
ended ended
31/10/22 31/10/21
£ £
Profit before taxation 59,776 60,836
_______ _______
Profit multiplied by rate of tax 11,357 11,559
Adjustments in respect of prior periods 11,559 -
_______ _______
Tax on profit 22,916 11,559
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 November 2021 - -
Additions 3,218 3,218
_______ _______
At 31 October 2022 3,218 3,218
_______ _______
Depreciation
At 1 November 2021 - -
Charge for the year 804 804
_______ _______
At 31 October 2022 804 804
_______ _______
Carrying amount
At 31 October 2022 2,414 2,414
_______ _______
At 31 October 2021 - -
_______ _______
7. Debtors
31/10/22 31/10/21
£ £
Trade debtors 338,365 -
Other debtors 26,507 200
_______ _______
364,872 200
_______ _______
8. Creditors: amounts falling due within one year
31/10/22 31/10/21
£ £
Trade creditors 253,080 26,280
Corporation tax 10,899 -
Social security and other taxes 2,079 2,350
Other creditors 3,767 6,140
_______ _______
269,825 34,770
_______ _______
9. Called up share capital
Issued, called up and fully paid
31/10/22 31/10/21
No £ No £
Ordinary shares of £ 1.00 each 200 200 200 200
_______ _______ _______ _______