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Company Registration No. 12190551 (England and Wales)
CGI Accountants Ltd Accounts for the year ended 31 December 2023
CGI Accountants Ltd Accounts Contents
Page
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CGI Accountants Ltd Company Information for the year ended 31 December 2023
Director
I A Khan
Company Number
12190551 (England and Wales)
Registered Office
Branch House 31-33 Branch Road Batley West Yorkshire WF17 5SB
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CGI Accountants Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,914 
22,971 
Current assets
Debtors
35,762 
35,404 
Cash at bank and in hand
301,963 
216,721 
337,725 
252,125 
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 
Capital and reserves
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
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CGI Accountants Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
26,692 
9,222 
35,914 
At 31 December 2022
14,246 
8,725 
22,971 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,762 
30,404 
Other debtors
- 
5,000 
35,762 
35,404 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,735 
4,845 
Trade creditors
42,163 
- 
Taxes and social security
25,889 
37,947 
Other creditors
1,683 
13,853 
Deferred income
20,020 
- 
94,490 
56,645 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,265 
10,560 
Loans from directors
17,000 
17,000 
23,265 
27,560 
8
Controlling party
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).
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