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REGISTERED NUMBER: 09157765 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Cgconex Td Limited

Cgconex Td Limited (Registered number: 09157765)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cgconex Td Limited (Registered number: 09157765)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £
Fixed assets
Tangible assets 4 3,500 4,666

Current assets
Debtors 5 724,219 1,144,313
Investments 6 120,000 -
Cash at bank and in hand 367,859 726,409
1,212,078 1,870,722
Creditors
Amounts falling due within one year 7 (230,031 ) (561,331 )
Net current assets 982,047 1,309,391
Total assets less current liabilities 985,547 1,314,057

Creditors
Amounts falling due after more than
one year

8

(179,940

)

(447,500

)

Provisions for liabilities 10 (1,182 ) (1,182 )
Net assets 804,425 865,375

Capital and reserves
Called up share capital 1 1
Retained earnings 804,424 865,374
Shareholders' funds 804,425 865,375

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

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

Cgconex Td Limited (Registered number: 09157765)

Balance Sheet - continued
31 August 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 director and authorised for issue on 18 July 2024 and were signed by:





Dong Hyun Lee - Director


Cgconex Td Limited (Registered number: 09157765)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. Statutory information

Cgconex Td Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09157765

Registered office: Falcon House
257 Burlington Road
New Malden
KT3 4NE

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Cgconex Td Limited (Registered number: 09157765)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. Employees and directors

The average number of employees during the year was NIL (2022 - 10 ).

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 September 2022
and 31 August 2023 9,503
Depreciation
At 1 September 2022 4,837
Charge for year 1,166
At 31 August 2023 6,003
Net book value
At 31 August 2023 3,500
At 31 August 2022 4,666

5. Debtors
31.8.23 31.8.22
£ £
Amounts falling due within one year:
Trade debtors 695,415 505,670
Other debtors - 57,827
Long term contracts 804 -
Staff loans 28,000 28,000
Tax - 804
VAT - 7,012
724,219 599,313

Amounts falling due after more than one year:
Other debtors - 545,000

Aggregate amounts 724,219 1,144,313

6. Current asset investments
31.8.23 31.8.22
£ £
Shares in group undertakings 120,000 -

Cgconex Td Limited (Registered number: 09157765)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. Creditors: amounts falling due within one year
31.8.23 31.8.22
£ £
Trade creditors 11,878 495,254
Corporation tax 369 57,750
Social security and other taxes 5,472 7,107
VAT 12,311 -
Accrued expenses 200,001 1,220
230,031 561,331

8. Creditors: amounts falling due after more than one year
31.8.23 31.8.22
£ £
Bank loans (see note 9) 32,500 41,000
Accruals and deferred income 147,440 406,500
179,940 447,500

9. Loans

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 32,500 41,000

10. Provisions for liabilities
31.8.23 31.8.22
£ £
Deferred tax
Accelerated capital allowances 1,182 1,182

** CLIENT SCREEN - PROVISIONS FOR LIABILITIES AND CHARGES - MOVEMENTS IN PROVISIONS ETC - SHOULD BE COMPLETED IN RESPECT OF DEFERRED TAX

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)