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Company Registration No. 09049084 (England and Wales)
Click Convert Sell Ltd Unaudited accounts for the year ended 31 December 2022
Click Convert Sell Ltd Unaudited accounts Contents
Page
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Click Convert Sell Ltd Company Information for the year ended 31 December 2022
Directors
Aalok Y Shukla Lucie Marchelot
Company Number
09049084 (England and Wales)
Registered Office
Flat 61, Farnsworth Court Osier Lane London SE10 0RG United Kingdom
Accountants
DKB Accountancy & Taxation 12 Blackbrook Drive Lodge Moor Sheffield South Yorkshire S10 4LS
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Click Convert Sell Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
434 
Current assets
Inventories
135,811 
114,922 
Debtors
1,135,284 
908,487 
1,271,095 
1,023,409 
Creditors: amounts falling due within one year
(1,361,108)
(1,080,805)
Net current liabilities
(90,013)
(57,396)
Net liabilities
(90,013)
(56,962)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(90,015)
(56,964)
Shareholders' funds
(90,013)
(56,962)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2023 and were signed on its behalf by
Aalok Y Shukla Director Company Registration No. 09049084
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Click Convert Sell Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Click Convert Sell Ltd is a private company, limited by shares, registered in England and Wales, registration number 09049084. The registered office is Flat 61, Farnsworth Court, Osier Lane, London, SE10 0RG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% - reducing balance
Stocks and work in progress
Stocks and work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Click Convert Sell Ltd Notes to the Accounts for the year ended 31 December 2022
Going concern
As at 31 December 2022, the company had net liabilities. The company is supported by it's directors, and other related companies, who have expressed their willingness to continue supporting the company - financially and others - for the foreseable future (a period of not less than 24 months). It is further noted that the key creditors of the company are members, or other parties related through common control. It is agreed that the members, and related parties will not call in payment of outstanding debts - unless the company's financial position is such to justify a payment. The company is therefore considered a going concern.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
4,362 
Disposals
(4,362)
At 31 December 2022
- 
Depreciation
At 1 January 2022
3,928 
On disposals
(3,928)
At 31 December 2022
- 
Net book value
At 31 December 2022
- 
At 31 December 2021
434 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
22 
415 
Accrued income and prepayments
1,135,262 
908,072 
1,135,284 
908,487 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other creditors
1,298,746 
1,005,468 
Loans from directors
37,853 
37,853 
Accruals
24,509 
37,484 
1,361,108 
1,080,805 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Click Convert Sell Ltd Notes to the Accounts for the year ended 31 December 2022
8
Transactions with related parties
At the year end, a balance of £37,853 (2021 : £37,853), included in "Director's Loans" was owed to key management personnel as a rsult of financing provided in prior periods. The balance is repayable on demand and is non-interest bearing.
9
Average number of employees
During the year the average number of employees was 0 (2021: 2).
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