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REGISTERED NUMBER: NI603700 (Northern Ireland)















CCNI LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






CCNI LTD (REGISTERED NUMBER: NI603700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CCNI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Stephen Campbell
Denise Campbell





REGISTERED OFFICE: 22 Derryvaren Road
Coalisland
Co. Tyrone
BT71 4QP





REGISTERED NUMBER: NI603700 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

CCNI LTD (REGISTERED NUMBER: NI603700)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 276,608 236,456

CURRENT ASSETS
Receivables 6 337,639 203,836
Cash at bank and in hand 134,509 285,723
472,148 489,559
PAYABLES
Amounts falling due within one year 7 (466,052 ) (430,428 )
NET CURRENT ASSETS 6,096 59,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,704

295,587

PAYABLES
Amounts falling due after more than
one year

8

(38,435

)

(115,655

)
NET ASSETS 244,269 179,932

CAPITAL AND RESERVES
Called up share capital 9 6 6
Retained earnings 244,263 179,926
SHAREHOLDERS' FUNDS 244,269 179,932

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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.

CCNI LTD (REGISTERED NUMBER: NI603700)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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 19 April 2024 and were signed on its behalf by:




Stephen Campbell - Director



Denise Campbell - Director


CCNI LTD (REGISTERED NUMBER: NI603700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

CCNI Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. 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.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery- 20% Straight line
Motor vehicles- 20% Straight line
Computer Equipment- 25% Straight line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

CCNI LTD (REGISTERED NUMBER: NI603700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Property, plant and equipment held under leasing and hire purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds,

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 August 2022 690,298 46,083 3,683 740,064
Additions 98,175 38,500 - 136,675
At 31 July 2023 788,473 84,583 3,683 876,739
DEPRECIATION
At 1 August 2022 473,464 28,681 1,463 503,608
Charge for year 88,887 6,716 920 96,523
At 31 July 2023 562,351 35,397 2,383 600,131
NET BOOK VALUE
At 31 July 2023 226,122 49,186 1,300 276,608
At 31 July 2022 216,834 17,402 2,220 236,456

6. RECEIVABLES
2023 2022
£ £
Trade receivables 54,139 92,392
Other receivables 283,500 111,444
337,639 203,836

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,682 10,648
Hire purchase contracts 26,816 28,730
Trade payables 283,312 287,326
Taxation and social security 35,887 26,139
Other payables 109,355 77,585
466,052 430,428

CCNI LTD (REGISTERED NUMBER: NI603700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 18,510 26,928
Hire purchase contracts 19,925 88,727
38,435 115,655

The Hire Purchase liabilities are secured upon the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
6 Ordinary 1 6 6

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end an amount of £81,434 (2022: £74,085) was owed to the Directors in respect of monies advanced to the company.