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Registered Number: 09955879


 

 

 

CONCENTRIC.CX LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Concentric.cx Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Concentric.cx Ltd for the year ended 31 December 2023 which comprise of the 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.  Our work has been undertaken solely to prepare for your approval the accounts of Concentric.cx Ltd and state those matters that we have agreed to state to the Board of Directors of Concentric.cx Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Concentric.cx Ltd and its Board of Directors as a body for our work or for this report
It is your duty to ensure that Concentric.cx Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Concentric.cx Ltd. You consider that Concentric.cx Ltd 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 accounts of Concentric.cx Ltd. 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 accounts.



....................................................
EAM Accounting Ltd
20 ASHES LANE
STALYBRIDGE
SK15 2RH
08 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,493    1,374 
1,493    1,374 
Current assets      
Debtors: amounts falling due within one year 70,408    15,926 
Debtors: amounts falling due after one year   10,108 
Cash at bank and in hand 2,543    61,421 
72,951    87,455 
Creditors: amount falling due within one year (62,944)   (28,233)
Net current assets 10,007    59,222 
 
Total assets less current liabilities 11,500    60,596 
Creditors: amount falling due after more than one year (13,289)   (23,526)
Net liabilities (1,789)   37,070 
 

Capital and reserves
     
Profit and loss account (1,789)   37,070 
Shareholder's funds (1,789)   37,070 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 08 February 2024 and were signed on its behalf by:


-------------------------------
Kevin McKay
Director
2
General Information
Concentric.cx Ltd is a private company, limited by shares, registered in , registration number 09955879, registration address Workplace, 4th Floor, Churchgate House, 56 Oxford Street, Manchester, Greater Manchestrer, M1 6EU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 3 Straight Line
Computer Equipment 2 Straight Line
2.

Average number of employees


Average number of employees during the year was 5 (2022 : 5).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 12,347    28,395    40,742 
Additions   387    387 
Disposals    
At 31 December 2023 12,347    28,782    41,129 
Depreciation
At 01 January 2023 12,347    27,021    39,368 
Charge for year   268    268 
On disposals    
At 31 December 2023 12,347    27,289    39,636 
Net book values
Closing balance as at 31 December 2023   1,493    1,493 
Opening balance as at 01 January 2023   1,374    1,374 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

3