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REGISTERED NUMBER: 03793390 (England and Wales)















2CL Communications Limited

Unaudited Financial Statements for the Year Ended 31st March 2023






2CL Communications Limited (Registered number: 03793390)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2CL Communications Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: G Gregory
M J Baker
A G P Whitfield





REGISTERED OFFICE: Unit C Woodside Trade Centre
Parham Drive
Eastleigh
Hampshire
SO50 4NU





REGISTERED NUMBER: 03793390 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

2CL Communications Limited (Registered number: 03793390)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,168,253 2,863,009
3,168,253 2,863,009

CURRENT ASSETS
Stocks 910,311 303,904
Debtors 6 1,102,925 847,349
Cash at bank and in hand 2,656,817 2,937,892
4,670,053 4,089,145
CREDITORS
Amounts falling due within one year 7 781,337 508,352
NET CURRENT ASSETS 3,888,716 3,580,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,056,969

6,443,802

PROVISIONS FOR LIABILITIES 636,878 482,121
NET ASSETS 6,420,091 5,961,681

CAPITAL AND RESERVES
Called up share capital 8 1,565,000 1,565,000
Capital redemption reserve 9 20,000 20,000
Retained earnings 9 4,835,091 4,376,681
SHAREHOLDERS' FUNDS 6,420,091 5,961,681

2CL Communications Limited (Registered number: 03793390)

Balance Sheet - continued
31st March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 27th November 2023 and were signed on its behalf by:





G Gregory - Director


2CL Communications Limited (Registered number: 03793390)

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


1. STATEMENT OF COMPLIANCE

2CL Communications Limited is a company limited by shares incorporated in England and Wales, registration number 03793390. The registered office is Unit C Woodside Trade Centre, Parham Drive, Eastleigh, Hampshire, SO50 4NU.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

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

Turnover
Contract revenue recognition
Revenue in respect of servicing and maintenance contracts is recognised on a straight line basis over the period of the contract.

Revenue in respect of the hire of the company's tangible fixed assets under short term operating lease is recognised on a straight line basis over the period of the lease.

Goodwill
Goodwill is recognised on the acquisitions of businesses and is amortised over a useful life of 10 or 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on cost, 15% on cost and 15% on reducing balance
Fixtures and fittings - 33% on reducing balance, 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2CL Communications Limited (Registered number: 03793390)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when 2CL Communications Limited becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
Creditors are stated at their nominal value and the only items within this that are interest bearing are the bank loans.

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 tax
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

2CL Communications Limited (Registered number: 03793390)

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


2. ACCOUNTING POLICIES - continued

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

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 32 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 620,832
AMORTISATION
At 1st April 2022
and 31st March 2023 620,832
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

2CL Communications Limited (Registered number: 03793390)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st April 2022 674,109 4,838,207 697,948 6,210,264
Additions - 814,686 28,943 843,629
Disposals - (216,167 ) - (216,167 )
At 31st March 2023 674,109 5,436,726 726,891 6,837,726
DEPRECIATION
At 1st April 2022 104,132 2,769,111 474,012 3,347,255
Charge for year 13,482 371,256 40,055 424,793
Eliminated on disposal - (102,575 ) - (102,575 )
At 31st March 2023 117,614 3,037,792 514,067 3,669,473
NET BOOK VALUE
At 31st March 2023 556,495 2,398,934 212,824 3,168,253
At 31st March 2022 569,977 2,069,096 223,936 2,863,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 815,217 765,272
Other debtors 92,609 10,571
Prepayments and accrued income 195,099 71,506
1,102,925 847,349

2CL Communications Limited (Registered number: 03793390)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 399,383 171,327
Tax 2,106 15,964
Social security and other taxes 38,195 31,040
VAT 111,494 96,183
Other creditors 508 -
Payments on account 23,472 19,709
Accruals and deferred income 206,179 174,129
781,337 508,352

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,565,000 Ordinary £1 1,565,000 1,565,000

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st April 2022 4,376,681 20,000 4,396,681
Profit for the year 458,410 458,410
At 31st March 2023 4,835,091 20,000 4,855,091

10. OTHER FINANCIAL COMMITMENTS

The companies minimum operating lease commitments as at 31st March 2023 is £127,335 (2022: £117,387).

11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parent company and controlling party is The Conon Group Limited, a company incorporated in Scotland.

The smallest and largest group in which results are consolidated is that headed by The Conon Group Limited. The consolidated financial statements are available to the public and can be obtained from 15 Atholl Crescent, Edinburgh, Midlothain, EH3 8HA.