CI SYSTEMS GROUP LTD

Company Registration Number:
08530343 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CI SYSTEMS GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CI SYSTEMS GROUP LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 36,382 40,424
Tangible assets: 4 43,582 40,768
Total fixed assets: 79,964 81,192
Current assets
Stocks: 594,518 600,937
Debtors:   27,247 48,373
Cash at bank and in hand: 383,997 428,134
Total current assets: 1,005,762 1,077,444
Creditors: amounts falling due within one year:   (288,413) (383,922)
Net current assets (liabilities): 717,349 693,522
Total assets less current liabilities: 797,313 774,714
Provision for liabilities: (9,984) (7,825)
Total net assets (liabilities): 787,329 766,889
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 787,227 766,787
Shareholders funds: 787,329 766,889

The notes form part of these financial statements

CI SYSTEMS GROUP LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 September 2024
and signed on behalf of the board by:

Name: Ian Claxton
Status: Director

The notes form part of these financial statements

CI SYSTEMS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% straight line Fittings fixtures and equipment - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

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: Development costs - 10% reducing balance 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.

CI SYSTEMS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 12 10

CI SYSTEMS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 73,160
At 31 December 2023 73,160
Amortisation
At 01 January 2023 32,736
Charge for year 4,042
At 31 December 2023 36,778
Net book value
At 31 December 2023 36,382
At 31 December 2022 40,424

CI SYSTEMS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 121,955
Additions 18,465
At 31 December 2023 140,420
Depreciation
At 01 January 2023 81,187
Charge for year 15,651
At 31 December 2023 96,838
Net book value
At 31 December 2023 43,582
At 31 December 2022 40,768