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REGISTERED NUMBER: 01940384 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

COMMUNICATIONS AUDIT UK LIMITED

COMMUNICATIONS AUDIT UK LIMITED (REGISTERED NUMBER: 01940384)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMMUNICATIONS AUDIT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: C F T Vafiadis





SECRETARY: Mrs C L Vafiadis





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 01940384 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

COMMUNICATIONS AUDIT UK LIMITED (REGISTERED NUMBER: 01940384)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 54,301
Tangible assets 5 42,032 66,407
42,032 120,708

CURRENT ASSETS
Stocks 409,000 382,960
Debtors 6 1,979,041 2,679,220
Cash at bank 1,633,799 101,462
4,021,840 3,163,642
CREDITORS
Amounts falling due within one year 7 2,350,915 1,630,681
NET CURRENT ASSETS 1,670,925 1,532,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,712,957

1,653,669

PROVISIONS FOR LIABILITIES 65,553 42,791
NET ASSETS 1,647,404 1,610,878

CAPITAL AND RESERVES
Called up share capital 135,500 135,500
Retained earnings 1,511,904 1,475,378
SHAREHOLDERS' FUNDS 1,647,404 1,610,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COMMUNICATIONS AUDIT UK LIMITED (REGISTERED NUMBER: 01940384)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





C F T Vafiadis - Director


COMMUNICATIONS AUDIT UK LIMITED (REGISTERED NUMBER: 01940384)

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

1. STATUTORY INFORMATION

Communications Audit 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.

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


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 total amount receivable by the company for goods supplied and services provided during the year exclusive of VAT and trade discounts and in the case of contract work the value of the work done during the year, including a proportion of foreseeable profit where this can be assessed with reasonable certainty.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Research and development costs
Expenditure on research is charged to the profit and loss account in the year in which it is incurred. Expenditure on development is charged to the profit and loss account as it is incurred, except where it relates to individual projects, and the recoverability of the expenditure on individual projects is reasonably assured, in which case the expenditure is deferred until the commencement of commercial production and then amortised over the relevant period of production.

Development costs are being amortised evenly over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - over the remaining life of the lease
Plant and machinery - 25% on cost and 10% on cost

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss over the expected useful lives of the assets to which they relate. Government grants which are not directly attributable to fixed assets are recognised in the profit and loss in accordance with the accruals method in line with FRS 102.

COMMUNICATIONS AUDIT UK LIMITED (REGISTERED NUMBER: 01940384)

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

2. ACCOUNTING POLICIES - continued

Amounts due under contracts, work in progress and stock
The company recognises revenue under contracts based on the value of work done by the year end including recoverable contract costs, direct costs and a proportion of overheads. Where the outcome of the contract can be assessed with reasonable certainty revenue includes a proportion of profits by reference to the value of work done.

Amounts recoverable under contracts are included in debtors and are the amounts of work done on the above basis not invoiced by the period end.

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to sell, together with a proportion of foreseeable profit where appropriate and after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition and an appropriate proportion of fixed and variable overheads.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be require in settlement that can be estimated reliably.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

COMMUNICATIONS AUDIT UK LIMITED (REGISTERED NUMBER: 01940384)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2022
and 31 March 2023 884,534
AMORTISATION
At 1 April 2022 830,233
Amortisation for year 54,301
At 31 March 2023 884,534
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 54,301

5. TANGIBLE FIXED ASSETS
Property Plant and
improvements machinery Totals
£    £    £   
COST
At 1 April 2022 196,509 1,932,201 2,128,710
Additions - 12,900 12,900
At 31 March 2023 196,509 1,945,101 2,141,610
DEPRECIATION
At 1 April 2022 194,370 1,867,933 2,062,303
Charge for year 2,139 35,136 37,275
At 31 March 2023 196,509 1,903,069 2,099,578
NET BOOK VALUE
At 31 March 2023 - 42,032 42,032
At 31 March 2022 2,139 64,268 66,407

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,925,822 2,253,993
Amounts recoverable on contracts - 403,292
Other debtors 53,219 21,935
1,979,041 2,679,220

COMMUNICATIONS AUDIT UK LIMITED (REGISTERED NUMBER: 01940384)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 247,717
Trade creditors 406,286 112,334
Taxation and social security 410,450 327,804
Other creditors 1,534,179 942,826
2,350,915 1,630,681

8. LEASING AGREEMENTS

The total minimum lease payments due for operating leases is £45,850 (2022 - £45,868).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
N G Vafiadis deceased
Balance outstanding at start of year (64,881 ) (210,722 )
Amounts advanced 130,000 305,841
Amounts repaid (65,119 ) (160,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (64,881 )

There is no interest being charged on the above loan nor any set repayment terms.

10. SHARE-BASED PAYMENT TRANSACTIONS

The ultimate parent company has a share option scheme for the employees of Communications Audit UK Limited.

The options may be exercised in the event of a sale or flotation of the company. The exercise price per share is £0.01.

No. of shares
Outstanding as at 1 April 2022 29,600
Granted during the period-
Forfeited during the period(2,000)
Exercised during the period-
Expired during the period-
Outstanding as at 31 March 202327,600
Exercisable as at 31 March 202327,600