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Company Registration No. 08973168 (England and Wales)
CONE ACCOUNTING LIMITED Unaudited accounts for the year ended 31 December 2023
CONE ACCOUNTING LIMITED Unaudited accounts Contents
Page
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CONE ACCOUNTING LIMITED Company Information for the year ended 31 December 2023
Director
Mr Benjamin Roberto Nacca
Company Number
08973168 (England and Wales)
Registered Office
124 City Road London EC1V 2NX
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CONE ACCOUNTING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,303 
15,459 
Current assets
Debtors
129,887 
120,879 
Cash at bank and in hand
(22,144)
5,856 
107,743 
126,735 
Creditors: amounts falling due within one year
(40,439)
(19,633)
Net current assets
67,304 
107,102 
Total assets less current liabilities
79,607 
122,561 
Creditors: amounts falling due after more than one year
(133,485)
(142,618)
Provisions for liabilities
Other provisions
- 
(2,948)
Net liabilities
(53,878)
(23,005)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(54,078)
(23,205)
Shareholders' funds
(53,878)
(23,005)
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 director acknowledges his 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 and authorised for issue on 24 September 2024 and were signed on its behalf by
Mr Benjamin Roberto Nacca Director Company Registration No. 08973168
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CONE ACCOUNTING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
CONE ACCOUNTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08973168. The registered office is 124 City Road, London, EC1V 2NX.
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.
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 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:
Fixtures & fittings
Straight Line at 25.00%
Computer equipment
Straight Line at 33.33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
Presentation currency
The accounts are presented in £ sterling.
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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CONE ACCOUNTING LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
2,762 
At 31 December 2023
2,762 
Amortisation
At 1 January 2023
2,762 
At 31 December 2023
2,762 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
4,720 
51,262 
55,982 
Additions
417 
6,904 
7,321 
Disposals
(3,474)
(27,506)
(30,980)
At 31 December 2023
1,663 
30,660 
32,323 
Depreciation
At 1 January 2023
2,710 
37,813 
40,523 
Charge for the year
832 
8,976 
9,808 
On disposals
(3,109)
(27,202)
(30,311)
At 31 December 2023
433 
19,587 
20,020 
Net book value
At 31 December 2023
1,230 
11,073 
12,303 
At 31 December 2022
2,010 
13,449 
15,459 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,014 
5,357 
Accrued income and prepayments
1,438 
1,522 
Other debtors
117,435 
114,000 
129,887 
120,879 
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CONE ACCOUNTING LIMITED Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,329 
4,555 
Trade creditors
2,612 
2,409 
Taxes and social security
14,479 
9,011 
Other creditors
2,019 
627 
Loans from directors
- 
3,031 
40,439 
19,633 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
133,485 
142,618 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
10
Controlling party
The company's ultimate controlling party is Mr Benjamin Roberto Nacca by virtue of his ownership of 100% of the issued share capital in the company.
11
Average number of employees
During the year the average number of employees was 6 (2022: 7).
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