Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false6Information Technology Consultancy Activities2022-07-011falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07091297 2022-07-01 2023-06-30 07091297 2021-07-01 2022-06-30 07091297 2023-06-30 07091297 2022-06-30 07091297 2021-07-01 07091297 c:Director1 2022-07-01 2023-06-30 07091297 d:PlantMachinery 2022-07-01 2023-06-30 07091297 d:PlantMachinery 2023-06-30 07091297 d:PlantMachinery 2022-06-30 07091297 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07091297 d:MotorVehicles 2022-07-01 2023-06-30 07091297 d:MotorVehicles 2023-06-30 07091297 d:MotorVehicles 2022-06-30 07091297 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07091297 d:FurnitureFittings 2022-07-01 2023-06-30 07091297 d:FurnitureFittings 2023-06-30 07091297 d:FurnitureFittings 2022-06-30 07091297 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07091297 d:OfficeEquipment 2022-07-01 2023-06-30 07091297 d:OfficeEquipment 2023-06-30 07091297 d:OfficeEquipment 2022-06-30 07091297 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07091297 d:ComputerEquipment 2022-07-01 2023-06-30 07091297 d:ComputerEquipment 2023-06-30 07091297 d:ComputerEquipment 2022-06-30 07091297 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07091297 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07091297 d:CurrentFinancialInstruments 2023-06-30 07091297 d:CurrentFinancialInstruments 2022-06-30 07091297 d:Non-currentFinancialInstruments 2023-06-30 07091297 d:Non-currentFinancialInstruments 2022-06-30 07091297 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07091297 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07091297 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07091297 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 07091297 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 07091297 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 07091297 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 07091297 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 07091297 d:ShareCapital 2023-06-30 07091297 d:ShareCapital 2022-06-30 07091297 d:RetainedEarningsAccumulatedLosses 2023-06-30 07091297 d:RetainedEarningsAccumulatedLosses 2022-06-30 07091297 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07091297 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 07091297 c:FRS102 2022-07-01 2023-06-30 07091297 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07091297 c:FullAccounts 2022-07-01 2023-06-30 07091297 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07091297









C3I GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
C3I GROUP LIMITED
REGISTERED NUMBER: 07091297

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,168
46,349

  
10,168
46,349

Current assets
  

Debtors: amounts falling due within one year
 5 
1,080,152
1,117,807

Cash at bank and in hand
 6 
18,755
11,088

  
1,098,907
1,128,895

Creditors: amounts falling due within one year
 7 
(1,521,624)
(1,547,608)

Net current liabilities
  
 
 
(422,717)
 
 
(418,713)

Total assets less current liabilities
  
(412,549)
(372,364)

Creditors: amounts falling due after more than one year
 8 
(72,833)
(110,833)

Provisions for liabilities
  

Deferred tax
 10 
(8,416)
(18,782)

  
 
 
(8,416)
 
 
(18,782)

Net liabilities
  
(493,798)
(501,979)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(493,898)
(502,079)

  
(493,798)
(501,979)

Page 1

 
C3I GROUP LIMITED
REGISTERED NUMBER: 07091297
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Yeomans
Director

Date: 4 March 2024

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

C3i Group Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 3

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 4

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
on straight line basis
Motor vehicles
-
25%
on reducing balance basis
Fixtures and fittings
-
25%
on reducing balance basis
Office equipment
-
20%
on straight line basis
Computer equipment
-
20%
on straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 6).

Page 6

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 July 2022
51,761
20,097
7,606
-
205,021
284,485


Disposals
-
-
-
-
(1,628)
(1,628)



At 30 June 2023

51,761
20,097
7,606
-
203,393
282,857



Depreciation


At 1 July 2022
26,824
13,644
6,850
(229)
191,047
238,136


Charge for the year on owned assets
22,214
-
-
-
12,346
34,560


Disposals
-
-
-
(7)
-
(7)



At 30 June 2023

49,038
13,644
6,850
(236)
203,393
272,689



Net book value



At 30 June 2023
2,723
6,453
756
236
-
10,168



At 30 June 2022
24,937
6,453
756
229
13,975
46,350

Page 7

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
1,274

Amounts owed by group undertakings
1,072,443
1,039,427

Other debtors
12,855
4,009

Prepayments and accrued income
(5,146)
73,097

1,080,152
1,117,807



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,755
11,088

Less: bank overdrafts
(298)
-

18,457
11,088



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
298
-

Bank loans
38,000
38,000

Trade creditors
-
1,038

Amounts owed to group undertakings
1,474,868
1,481,429

Corporation tax
9,958
6,840

Other taxation and social security
-
10,660

Other creditors
-
9,641

Accruals and deferred income
(1,500)
-

1,521,624
1,547,608


Page 8

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
72,833
110,833

72,833
110,833


The bank loan is secured over the assets of the company.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
38,000
38,000


38,000
38,000

Amounts falling due 1-2 years

Bank loans
38,000
76,000


38,000
76,000

Amounts falling due 2-5 years

Bank loans
34,833
34,833


34,833
34,833


110,833
148,833

Page 9

 
C3I GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(18,782)
(18,782)


Charged to profit or loss
10,366
-



At end of year
(8,416)
(18,782)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(8,417)
(18,782)

(8,417)
(18,782)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,285 (2022: £53,729). Contributions totalling £nil (2022: £9,559) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The parent company is PMY Technologies (UK) Limited. The registered office and principal place of business is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
 
Page 10