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Registered Number: 05053770
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2023

for

IT'S CLICKED LTD

Directors Mr C D Laas
Mrs S Laas
Registered Number 05053770
Registered Office 15 Copsewood Road
Ashurst
Southampton
Hampshire
SO40 7DL
Accountants Numeric Accounting
Chartered Certified Accountants
18 New Canal
Salisbury
Wiltshire
SP1 2AQ
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2023.
Principal activities
Principal activity of the company during the financial year was of online marketing services.
Directors
The directors who served the company throughout the year were as follows:

Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr C D Laas
Director

Date approved: 07 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3   411 
Tangible fixed assets 4 541    676 
541    1,087 
Current assets      
Debtors: amounts falling due within one year 5 17,795    9,739 
Cash at bank and in hand 45,803    14,731 
63,598    24,470 
Creditors: amount falling due within one year 6 (35,985)   (17,823)
Net current assets 27,613    6,647 
 
Total assets less current liabilities 28,154    7,734 
Provisions for liabilities 7 (103)   (78)
Net assets 28,051    7,656 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 27,951    7,556 
Shareholder's funds 28,051    7,656 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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 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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 07 November 2023 and were signed on its behalf by:


-------------------------------
Mr C D Laas
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2021 100  10,635  10,735 
Profit for the year 15,524  15,524 
Total comprehensive income for the year 15,524  15,524 
Dividends (18,603) (18,603)
Total investments by and distributions to owners (18,603) (18,603)
At 31 March 2022 100  7,556  7,656 
At 01 April 2022 100  7,556  7,656 
Profit for the year 49,807  49,807 
Total comprehensive income for the year 49,807  49,807 
Dividends (29,412) (29,412)
Total investments by and distributions to owners (29,412) (29,412)
At 31 March 2023 100  27,951  28,051 
4
General Information
It's Clicked Ltd is a private company, limited by shares, registered in England and Wales, registration number 05053770, registration address 15 Copsewood Road, Ashurst, Southampton, Hampshire, SO40 7DL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – 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 on the going concern basis and 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.
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 balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Cryptocurrencies held are treated as an intangible asset and is considered as having an indefinite life, so is not amortised but tested annually for impairment. Cryptocurrencies held in an active market is accounted for using the revaluation model,  
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of four years.
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:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Intangible fixed assets

Cost Goodwill   Other   Total
  £   £   £
At 01 April 2022 8,500    411    8,911 
Additions    
Disposals   (411)   (411)
At 31 March 2023 8,500      8,500 
Amortisation
At 01 April 2022 8,500      8,500 
Charge for year    
On disposals    
At 31 March 2023 8,500      8,500 
Net book values
At 31 March 2023    
At 31 March 2022   411    411 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2022 974    2,913    3,887 
Additions    
Disposals    
At 31 March 2023 974    2,913    3,887 
Depreciation
At 01 April 2022 298    2,913    3,211 
Charge for year 135      135 
On disposals    
At 31 March 2023 433    2,913    3,346 
Net book values
Closing balance as at 31 March 2023 541      541 
Opening balance as at 01 April 2022 676      676 


5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 17,395    9,595 
Prepayments & Accrued Income 400    144 
17,795    9,739 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 5,016   
Bank Loans & Overdrafts (Secured) 6,414    8,204 
VAT 7,782    2,159 
Corporation Tax 11,900    3,692 
Other Creditors 555    880 
Directors' Current Accounts 4,318    2,888 
35,985    17,823 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 103    78 
103    78 

8.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Mr C D and Mrs S Laas2,888 1,458 

Dividends paid in the year £29,412 (2022 £18,603)
9.

Intangible assets acquired in business combinations

Cryptocurrency

Money held in cryptocurrency during the year was treated as intangible assets and as such can be carried at a revalued amount. All cryptocurrency was disposed of during the year.. 
5