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Registration number: 09196261

Click2Protect (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Click2Protect (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Click2Protect (UK) Limited

Company Information

Directors

Mrs Elaine Frances Scott

Mr Thomas Joseph Barley

Registered office

Unit 1 The Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW

 

Click2Protect (UK) Limited

(Registration number: 09196261)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,673

3,298

Current assets

 

Debtors

5

967

1,646

Cash at bank and in hand

 

231,642

260,641

 

232,609

262,287

Creditors: Amounts falling due within one year

6

(52,628)

(62,920)

Net current assets

 

179,981

199,367

Total assets less current liabilities

 

181,654

202,665

Creditors: Amounts falling due after more than one year

6

(45,000)

(65,000)

Provisions for liabilities

(1,715)

4

Net assets

 

134,939

137,669

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

124,939

127,669

Shareholders' funds

 

134,939

137,669

For the financial year ending 31 March 2023 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

 

Click2Protect (UK) Limited

(Registration number: 09196261)
Balance Sheet as at 31 March 2023


Mrs Elaine Frances Scott
Director


Mr Thomas Joseph Barley
Director

 

Click2Protect (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW

The principal place of business is:
The Officers' Mess Business Centre
Royston Road
Duxford
Cambridgeshire
CB22 4QH

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Click2Protect (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2

Accounting policies (continued)

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight line

Furniture and fittings

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

 

Click2Protect (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are recorded at transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Click2Protect (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

14,380

14,380

At 31 March 2023

14,380

14,380

Depreciation

At 1 April 2022

11,082

11,082

Charge for the year

1,625

1,625

At 31 March 2023

12,707

12,707

Carrying amount

At 31 March 2023

1,673

1,673

At 31 March 2022

3,298

3,298

5

Debtors

Current

2023
£

2022
£

Trade debtors

(711)

(1,116)

Prepayments

281

-

Other debtors

1,397

2,762

 

967

1,646

 

Click2Protect (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

10

20,000

20,000

Trade creditors

 

20,278

25,568

Taxation and social security

 

12,350

15,972

Accruals and deferred income

 

-

1,380

 

52,628

62,920

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

45,000

65,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

         

8

Related party transactions

At the balance sheet date the company owed £Nil (2022: £Nil) to both Ms E Scott and Mr T Barley.
 

 

Click2Protect (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

9

Ultimate controlling party

The ultimate controlling party is Ms E Scott and Mr T Barley, by virtue of their shareholdings.

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

45,000

65,000

2023
£

2022
£

Current loans and borrowings

Bank borrowings

20,000

20,000

Within loans and borrowings there is a £100,000 Coronavirus Business Interruption Loan (CBIL's) from the government provided through Barclays. As per government regulations there is no security required on this loan by either Click2Protect Limited or the directors.