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REGISTERED NUMBER: 03687688 (England and Wales)









Financial Statements

for the Year Ended 31 December 2023

for

CONTICOM-ICS LIMITED

CONTICOM-ICS LIMITED (REGISTERED NUMBER: 03687688)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONTICOM-ICS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Turner
M Drake
L Birder
J Heesakkers
P V Kerrebroeck
E Finazzi Agro
F B Bates
E Costantini
S Schraffordt Koops
H Kakizaki





SECRETARY: D Turner





REGISTERED OFFICE: 48 Corn Street
Third Floor
Bristol
BS1 1HQ





REGISTERED NUMBER: 03687688 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

CONTICOM-ICS LIMITED (REGISTERED NUMBER: 03687688)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,378 5,578

CURRENT ASSETS
Debtors 5 26,501 2,071
Cash at bank and in hand 17,434 47,754
43,935 49,825
CREDITORS
Amounts falling due within one year 6 (11,971 ) (89,921 )
NET CURRENT ASSETS/(LIABILITIES) 31,964 (40,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,342

(34,518

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 36,341 (34,519 )
SHAREHOLDERS' FUNDS 36,342 (34,518 )

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:



S Schraffordt Koops - Director


CONTICOM-ICS LIMITED (REGISTERED NUMBER: 03687688)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. COMPANY INFORMATION

Conticom-ICS 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that as a whole, the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reviewed relevant information and has considered possible measures that could be undertaken to mitigate the current adverse conditions. Based on this assessment and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents invoiced services and a share of surplus income arising from the organisation and management of international medical conferences, excluding VAT.

Gift aid payments
There is a deed of covenant in place which creates a legal obligation for the company to distribute its profits to its owners at the reporting date by way of gift aid payments. This is recognised as a tax expense in the profit and loss account.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated deprecation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Fixtures and fittings - 25% on cost
Computer Equipment - 33% on cost

CONTICOM-ICS LIMITED (REGISTERED NUMBER: 03687688)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

CONTICOM-ICS LIMITED (REGISTERED NUMBER: 03687688)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 13,052 61,242 74,294
Additions 396 1,228 1,624
At 31 December 2023 13,448 62,470 75,918
DEPRECIATION
At 1 January 2023 12,306 56,410 68,716
Charge for year 539 2,285 2,824
At 31 December 2023 12,845 58,695 71,540
NET BOOK VALUE
At 31 December 2023 603 3,775 4,378
At 31 December 2022 746 4,832 5,578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,474 -
Amounts owed by group undertakings 12,521 -
Prepayments and accrued income 4,506 2,071
26,501 2,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 549 881
VAT 277 109
Other creditors 2,797 2,404
Amount due to group undertaking - 63,521
Accruals and deferred income 8,348 23,006
11,971 89,921

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

CONTICOM-ICS LIMITED (REGISTERED NUMBER: 03687688)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of The International Continence Society whose principal place of business is 48 Corn Street, Third floor, Bristol, BS1 1HQ. The International Continence Society is a company limited by guarantee and a registered charity.