IRIS Accounts Production v23.3.1.45 06592137 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065921372022-05-31065921372023-05-31065921372022-06-012023-05-31065921372021-05-31065921372021-06-012022-05-31065921372022-05-3106592137ns10:Originalns15:EnglandWales2022-06-012023-05-3106592137ns14:PoundSterlingns10:Original2022-06-012023-05-3106592137ns10:Originalns10:Director12022-06-012023-05-3106592137ns10:Original2022-06-012023-05-3106592137ns10:Original2023-05-3106592137ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3106592137ns10:Originalns10:SmallEntities2022-06-012023-05-3106592137ns10:Originalns10:AuditExemptWithAccountantsReport2022-06-012023-05-3106592137ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3106592137ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3106592137ns10:Originalns10:FullAccounts2022-06-012023-05-3106592137ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3106592137ns10:Originalns10:Director22022-06-012023-05-3106592137ns10:Originalns10:RegisteredOffice2022-06-012023-05-3106592137ns10:Original2022-05-3106592137ns10:Originalns5:CurrentFinancialInstruments2023-05-3106592137ns10:Originalns5:CurrentFinancialInstruments2022-05-3106592137ns10:Originalns5:Non-currentFinancialInstruments2023-05-3106592137ns10:Originalns5:Non-currentFinancialInstruments2022-05-3106592137ns5:ShareCapitalns10:Original2023-05-3106592137ns5:ShareCapitalns10:Original2022-05-3106592137ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3106592137ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3106592137ns10:Originalns5:ComputerEquipment2022-06-012023-05-3106592137ns10:Original2021-06-012022-05-3106592137ns10:Originalns5:ComputerEquipment2022-05-3106592137ns10:Originalns5:ComputerEquipment2023-05-3106592137ns10:Originalns5:ComputerEquipment2022-05-3106592137ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3106592137ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3106592137ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 06592137 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 May 2023

for

Citel Technologies (UK) Limited

Citel Technologies (UK) Limited (Registered number: 06592137)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


Citel Technologies (UK) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: L Prasher
R Prasher





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 06592137 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Citel Technologies (UK) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Citel Technologies (UK) Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Citel Technologies (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Citel Technologies (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Citel Technologies (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Citel Technologies (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Citel Technologies (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Citel Technologies (UK) Limited. You consider that Citel Technologies (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Citel Technologies (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

EMPHASIS OF MATTER
We draw attention to Note 10 to the financial statements, the balance sheet position and the company's ability to continue as a going concern. Due to the nature of the business, to continue to operate as a going concern, the company is reliant on the ongoing funding of its operations. The directors has confirmed that it is their intention to continue to support the company for the foreseeable future as necessary.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Citel Technologies (UK) Limited


Leicestershire
LE19 1WP


13 February 2024

Citel Technologies (UK) Limited (Registered number: 06592137)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184 700

CURRENT ASSETS
Debtors 5 120,862 264,719
Cash at bank 91,670 339,863
212,532 604,582
CREDITORS
Amounts falling due within one year 6 15,805 313,221
NET CURRENT ASSETS 196,727 291,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,911

292,061

CREDITORS
Amounts falling due after more than
one year

7

380,556

494,456
NET LIABILITIES (183,645 ) (202,395 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (183,745 ) (202,495 )
SHAREHOLDERS' FUNDS (183,645 ) (202,395 )

Citel Technologies (UK) Limited (Registered number: 06592137)

Balance Sheet - continued
31 May 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 13 February 2024 and were signed on its behalf by:





L Prasher - Director


Citel Technologies (UK) Limited (Registered number: 06592137)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Citel Technologies (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line basis

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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 7 (2022 - 7 ) .

Citel Technologies (UK) Limited (Registered number: 06592137)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 14,773
DEPRECIATION
At 1 June 2022 14,073
Charge for year 516
At 31 May 2023 14,589
NET BOOK VALUE
At 31 May 2023 184
At 31 May 2022 700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 118,809 262,072
Other debtors 2,053 2,647
120,862 264,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 7,899 305,166
Taxation and social security 3,811 4,712
Other creditors 4,095 3,343
15,805 313,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 380,556 494,456

Citel Technologies (UK) Limited (Registered number: 06592137)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £2,476 (2022 - £17,331).

10. GOING CONCERN

The company relies on the continuing support of its directors. The directors have agreed to continue to support the company for the foreseeable future as necessary.