Company Registration No. 09328203 (England and Wales)
CA Global Partners Ltd
Unaudited accounts
for the year ended 31 December 2023
CA Global Partners Ltd
Unaudited accounts
Contents
CA Global Partners Ltd
Company Information
for the year ended 31 December 2023
Directors
A Alexander
D Brindley
Company Number
09328203 (England and Wales)
Registered Office
3rd Floor
The News Building
3 London Bridge Street
London
SE1 9SG
England
Accountants
Pure Cloud Accountancy Limited
9 Nicholson Close
Bingley
BD16 4UN
CA Global Partners Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
15,430
21,027
Cash at bank and in hand
416,532
240,885
Creditors: amounts falling due within one year
(421,649)
(205,062)
Net current assets
89,433
455,915
Total assets less current liabilities
104,863
476,942
Creditors: amounts falling due after more than one year
(1,042,182)
(1,257,679)
Net liabilities
(937,319)
(780,737)
Called up share capital
1
1
Profit and loss account
(937,320)
(780,738)
Shareholders' funds
(937,319)
(780,737)
For the year ending 31 December 2023 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 24 July 2024 and were signed on its behalf by
D Brindley
Director
Company Registration No. 09328203
CA Global Partners Ltd
Notes to the Accounts
for the year ended 31 December 2023
CA Global Partners Ltd is a private company, limited by shares, registered in England and Wales, registration number 09328203. The registered office is 3rd Floor, The News Building, 3 London Bridge Street, London, SE1 9SG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
CA Global Partners Ltd
Notes to the Accounts
for the year ended 31 December 2023
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
33% straight-line
Computer equipment
33% straight-line
The financial statements have been prepared on the basis that the company can continue to operate as a going concern.
The directors, having made due and careful enquiry, are of the opinion that the company has sufficient working capital to execute its operations over the next 12 months. The directors have made an informed judgement at the time of approving the financial statements that the company has adequate resources to continue in operational existence for the foreseeable future.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
4
Intangible fixed assets
Goodwill
At 31 December 2023
26,738
At 31 December 2023
26,738
CA Global Partners Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
21,730
132
13,143
35,005
Disposals
-
(132)
(12,691)
(12,823)
At 31 December 2023
21,730
-
452
22,182
At 1 January 2023
1,358
132
12,488
13,978
Charge for the year
5,093
-
486
5,579
On disposals
-
(132)
(12,673)
(12,805)
At 31 December 2023
6,451
-
301
6,752
At 31 December 2023
15,279
-
151
15,430
At 31 December 2022
20,372
-
655
21,027
Amounts falling due within one year
Trade debtors
48,537
104,054
Amounts due from group undertakings etc.
42,750
270,529
Accrued income and prepayments
3,262
11,971
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,385
11,086
Trade creditors
25,897
179,308
Amounts owed to group undertakings and other participating interests
4,954
-
Taxes and social security
1,312
7,306
Loans from directors
2,590
2,590
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
1,025,675
1,229,807
CA Global Partners Ltd
Notes to the Accounts
for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).