IRIS Accounts Production v24.2.0.383 10490891 Board of Directors Board of Directors Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104908912022-11-30104908912023-11-30104908912022-12-012023-11-30104908912022-10-31104908912022-11-012022-11-30104908912022-11-3010490891ns15:EnglandWales2022-12-012023-11-3010490891ns14:PoundSterling2022-12-012023-11-3010490891ns10:Director12022-12-012023-11-3010490891ns10:Director22022-12-012023-11-3010490891ns10:Director32022-12-012023-11-3010490891ns10:Director42022-12-012023-11-3010490891ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3010490891ns10:SmallEntities2022-12-012023-11-3010490891ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3010490891ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3010490891ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3010490891ns10:FullAccounts2022-12-012023-11-3010490891ns10:RegisteredOffice2022-12-012023-11-3010490891ns5:CurrentFinancialInstruments2023-11-3010490891ns5:CurrentFinancialInstruments2022-11-3010490891ns5:Non-currentFinancialInstruments2023-11-3010490891ns5:Non-currentFinancialInstruments2022-11-3010490891ns5:ShareCapital2023-11-3010490891ns5:ShareCapital2022-11-3010490891ns5:RetainedEarningsAccumulatedLosses2023-11-3010490891ns5:RetainedEarningsAccumulatedLosses2022-11-3010490891ns5:LeaseholdImprovements2022-12-012023-11-3010490891ns5:PlantMachinery2022-12-012023-11-3010490891ns5:FurnitureFittings2022-12-012023-11-3010490891ns5:ComputerEquipment2022-12-012023-11-3010490891ns5:ShortLeaseholdAssetsns5:LandBuildings2022-11-3010490891ns5:LeaseholdImprovements2022-11-3010490891ns5:PlantMachinery2022-11-3010490891ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-012023-11-3010490891ns5:ShortLeaseholdAssetsns5:LandBuildings2023-11-3010490891ns5:LeaseholdImprovements2023-11-3010490891ns5:PlantMachinery2023-11-3010490891ns5:ShortLeaseholdAssetsns5:LandBuildings2022-11-3010490891ns5:LeaseholdImprovements2022-11-3010490891ns5:PlantMachinery2022-11-3010490891ns5:FurnitureFittings2022-11-3010490891ns5:ComputerEquipment2022-11-3010490891ns5:FurnitureFittings2023-11-3010490891ns5:ComputerEquipment2023-11-3010490891ns5:FurnitureFittings2022-11-3010490891ns5:ComputerEquipment2022-11-3010490891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3010490891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3010490891ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3010490891ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-11-3010490891ns5:DeferredTaxation2022-11-3010490891ns5:DeferredTaxation2022-12-012023-11-3010490891ns5:DeferredTaxation2023-11-30
REGISTERED NUMBER: 10490891 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

CGUNIT1 LIMITED

CGUNIT1 LIMITED (REGISTERED NUMBER: 10490891)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CGUNIT1 LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr Ari Ojalvo-Oner
Mr Jacquy Isaac Zibi
Mr Alexandre Edouard Zibi
Mr Raphael Daniel Zibi





REGISTERED OFFICE: 50 Long Acre
London
WC2E9JR





REGISTERED NUMBER: 10490891 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

CGUNIT1 LIMITED (REGISTERED NUMBER: 10490891)

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,155,161 1,207,396

CURRENT ASSETS
Stocks 63,586 69,451
Debtors 5 789,622 309,225
Cash at bank and in hand 652,649 888,541
1,505,857 1,267,217
CREDITORS
Amounts falling due within one year 6 1,453,271 1,521,181
NET CURRENT ASSETS/(LIABILITIES) 52,586 (253,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,207,747

953,432

CREDITORS
Amounts falling due after more than one
year

7

(737,965

)

(769,785

)

PROVISIONS FOR LIABILITIES 8 (35,463 ) (57,743 )
NET ASSETS 434,319 125,904

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 431,319 122,904
SHAREHOLDERS' FUNDS 434,319 125,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CGUNIT1 LIMITED (REGISTERED NUMBER: 10490891)

Balance Sheet - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Mr Alexandre Edouard Zibi - Director Mr Ari Ojalvo-Oner - Director




Mr Jacquy Isaac Zibi - Director Mr Raphael Daniel Zibi - Director


CGUNIT1 LIMITED (REGISTERED NUMBER: 10490891)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Cgunit1 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.

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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CGUNIT1 LIMITED (REGISTERED NUMBER: 10490891)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2022 - 74 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 December 2022 88,227 1,469,305 359,639
Additions - 78,625 -
At 30 November 2023 88,227 1,547,930 359,639
DEPRECIATION
At 1 December 2022 - 571,777 194,845
Charge for year - 97,615 24,719
At 30 November 2023 - 669,392 219,564
NET BOOK VALUE
At 30 November 2023 88,227 878,538 140,075
At 30 November 2022 88,227 897,528 164,794

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 89,367 6,888 2,013,426
Additions - - 78,625
At 30 November 2023 89,367 6,888 2,092,051
DEPRECIATION
At 1 December 2022 36,169 3,239 806,030
Charge for year 7,979 547 130,860
At 30 November 2023 44,148 3,786 936,890
NET BOOK VALUE
At 30 November 2023 45,219 3,102 1,155,161
At 30 November 2022 53,198 3,649 1,207,396

CGUNIT1 LIMITED (REGISTERED NUMBER: 10490891)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 25,476 -
Other debtors 460,946 6,025
486,422 6,025

Amounts falling due after more than one year:
Other debtors 303,200 303,200

Aggregate amounts 789,622 309,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 386,904 392,821
Taxation and social security 463,274 584,159
Other creditors 603,093 544,201
1,453,271 1,521,181

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 61,578 59,307
Other creditors 676,387 710,478
737,965 769,785

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 35,463 57,743

Deferred
tax
£   
Balance at 1 December 2022 57,743
Credit to Income Statement during year (22,280 )
Balance at 30 November 2023 35,463