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REGISTERED NUMBER: 06897070 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Conjure Ltd

Conjure Ltd (Registered number: 06897070)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Conjure Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S Clark
C Connell
C Tingley





REGISTERED OFFICE: 16 Cole Street
London
SE1 4YH





REGISTERED NUMBER: 06897070 (England and Wales)





ACCOUNTANTS: Millward, May & Co
Suite 9 Market House
21 Market Place
Wokingham
Berkshire
RG40 1AP

Conjure Ltd (Registered number: 06897070)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,660 24,932

CURRENT ASSETS
Debtors 5 514,895 404,877
Prepayments and accrued income 15,431 99,561
Cash at bank 96,847 354,297
627,173 858,735
CREDITORS
Amounts falling due within one year 6 297,012 259,385
NET CURRENT ASSETS 330,161 599,350
TOTAL ASSETS LESS CURRENT LIABILITIES 437,821 624,282

CREDITORS
Amounts falling due after more than one year 7 (63,886 ) -

PROVISIONS FOR LIABILITIES (18,508 ) (4,737 )
NET ASSETS 355,427 619,545

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 355,327 619,445
SHAREHOLDERS' FUNDS 355,427 619,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





C Connell - Director


Conjure Ltd (Registered number: 06897070)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Conjure Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment - 2 year straight line
Other office equipment - 5 years straight line
Motor vehicles - 4 years straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Conjure Ltd (Registered number: 06897070)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 72,503 - 100,797 173,300
Additions 2,066 91,580 14,372 108,018
Disposals (29,950 ) - (48,966 ) (78,916 )
At 31 May 2023 44,619 91,580 66,203 202,402
DEPRECIATION
At 1 June 2022 63,087 - 85,281 148,368
Charge for year 2,941 4,767 16,758 24,466
Eliminated on disposal (29,285 ) - (48,807 ) (78,092 )
At 31 May 2023 36,743 4,767 53,232 94,742
NET BOOK VALUE
At 31 May 2023 7,876 86,813 12,971 107,660
At 31 May 2022 9,416 - 15,516 24,932

Santander UK Plc holds a fixed and floating charge over an asset of the company.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 - 8,400 8,400
Additions 91,580 - 91,580
Disposals - (8,400 ) (8,400 )
At 31 May 2023 91,580 - 91,580
DEPRECIATION
At 1 June 2022 - 8,400 8,400
Charge for year 4,767 - 4,767
Eliminated on disposal - (8,400 ) (8,400 )
At 31 May 2023 4,767 - 4,767
NET BOOK VALUE
At 31 May 2023 86,813 - 86,813
At 31 May 2022 - - -

Conjure Ltd (Registered number: 06897070)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 319,056 383,349
Other debtors 195,839 21,528
514,895 404,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 71,270 -
Hire purchase contracts (see note 8) 6,633 -
Trade creditors 11,225 28,173
Taxation and social security 127,411 132,904
Other creditors 80,473 98,308
297,012 259,385

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts (see note 8) 63,886 -

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.23 31.5.22
£    £   
Net obligations repayable:
Within one year 6,633 -
Between one and five years 63,886 -
70,519 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
550,000 Ordinary A £0.0001 55 55
250,000 Ordinary B £0.0001 25 25
200,000 Ordinary C £0.0001 20 20
100 100

Conjure Ltd (Registered number: 06897070)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. RELATED PARTY DISCLOSURES

During the period, the company had transactions with connected companies, the companies are connected through the significant interest of the directors.

Transactions with two connected companies during the period:

Armillary Ltd:
Intercompany loan - £20,000

At the period end the company was owed a balance of £20,000 (2022 - £0)

Sparrow eMobility Ltd:
Sales - £27,625
Intercompany loan - £150,000

At the period end the company was owed a balance of £150,000 (2022 - £0)



During the period the directors maintained a loan account with the company. At the period end the company owed the directors £56,541 (2022 - £25,255). This loan is interest free, repayable on demand and shown within other creditors.