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Registration number: 12211495

Clickpesa Limited

Unaudited Financial Statements

for the Year Ended 30 December 2023

 

Clickpesa Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Clickpesa Limited

(Registration number: 12211495)
Balance Sheet as at 30 December 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Intangible assets

4

261,629

62,651

Tangible assets

5

616

2,721

 

262,245

65,372

Current assets

 

Debtors

6

-

15,315

Cash at bank and in hand

 

3,539

16,668

 

3,539

31,983

Creditors: Amounts falling due within one year

7

(386,699)

(111,094)

Net current liabilities

 

(383,160)

(79,111)

Net liabilities

 

(120,915)

(13,739)

Capital and reserves

 

Called up share capital

26

26

Share premium reserve

14,288

14,288

Retained earnings

(135,229)

(28,053)

Shareholders' deficit

 

(120,915)

(13,739)

 

Clickpesa Limited

(Registration number: 12211495)
Balance Sheet as at 30 December 2023

For the financial year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 September 2024 and signed on its behalf by:
 

.........................................
Mr R A Lema
Director

   
     
 

Clickpesa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
71 - 75 Shelton Street
London
W2CH 9JQ

These financial statements were authorised for issue by the Board on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company had net current liabilities. The company has a good working relationship with its creditors and received assurances from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

 

Clickpesa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Prior period errors

Income overstated, this was an intercompany transfer.

 

Relating to the current period disclosed in these financial statements
£

Relating to the prior period disclosed in these financial statements
£

Relating to periods before the prior period disclosed in these financial statements
£

Turnover

-

35,000

-

Other creditors

-

(35,000)

-

    

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Clickpesa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% Straight line

Computer equipment

33% Straight line

Intangible assets

Cryptocurrencies are included on the balance sheet, under other intangible assets, at cost, as they are not traded on the open market. The intangible asset is reviewed for impairment losses on an annual basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Clickpesa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Clickpesa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

4

Intangible assets

Cryptocurrency
 £

Total
£

Cost or valuation

Additions acquired separately

261,629

261,629

At 30 December 2023

261,629

261,629

Amortisation

Carrying amount

At 30 December 2023

261,629

261,629

At 30 December 2022

62,651

62,651

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 December 2022

7,865

7,865

Disposals

(3,538)

(3,538)

At 30 December 2023

4,327

4,327

Depreciation

At 31 December 2022

5,144

5,144

Charge for the year

1,723

1,723

Eliminated on disposal

(3,156)

(3,156)

At 30 December 2023

3,711

3,711

Carrying amount

At 30 December 2023

616

616

At 30 December 2022

2,721

2,721

 

Clickpesa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

441

Other debtors

-

14,874

 

-

15,315

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

(As restated)

2022
£

Due within one year

 

Loans and borrowings

8

70,628

70,628

Taxation and social security

 

1,279

1,279

Accruals and deferred income

 

8,574

4,187

Other creditors

 

306,218

35,000

 

386,699

111,094

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

70,628

70,628