Company Registration No. 12190551 (England and Wales)
CGI Accountants Ltd
Accounts
for the year ended 31 December 2023
CGI Accountants Ltd
Accounts
Contents
CGI Accountants Ltd
Company Information
for the year ended 31 December 2023
Company Number
12190551 (England and Wales)
Registered Office
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
CGI Accountants Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
35,914
22,971
Cash at bank and in hand
301,963
216,721
Creditors: amounts falling due within one year
(94,490)
(56,645)
Net current assets
243,235
195,480
Total assets less current liabilities
279,149
218,451
Creditors: amounts falling due after more than one year
(23,265)
(27,560)
Net assets
255,884
190,891
Called up share capital
100
100
Profit and loss account
255,784
190,791
Shareholders' funds
255,884
190,891
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 January 2024 and were signed on its behalf by
I A Khan
Director
Company Registration No. 12190551
CGI Accountants Ltd
Notes to the Accounts
for the year ended 31 December 2023
CGI Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 12190551. The registered office is Branch House, 31-33 Branch Road, Batley, West Yorkshire, WF17 5SB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
CGI Accountants Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
22,260
11,879
34,139
Additions
19,119
2,803
21,922
At 31 December 2023
41,379
14,682
56,061
At 1 January 2023
8,014
3,154
11,168
Charge for the year
6,673
2,306
8,979
At 31 December 2023
14,687
5,460
20,147
At 31 December 2023
26,692
9,222
35,914
At 31 December 2022
14,246
8,725
22,971
Amounts falling due within one year
Trade debtors
35,762
30,404
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,735
4,845
Taxes and social security
25,889
37,947
Other creditors
1,683
13,853
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
17,000
17,000
The ultimate controlling party was the Director by virtue of him holding 100% of the issued share capital
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).