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REGISTERED NUMBER: 10634993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CITYZEN LIMITED

CITYZEN LIMITED (REGISTERED NUMBER: 10634993)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITYZEN LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: J D Smith
C A L Smith





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 10634993 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

CITYZEN LIMITED (REGISTERED NUMBER: 10634993)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,272 33,433
26,272 33,433

CURRENT ASSETS
Debtors 6 58,346 80,755
Cash at bank and in hand 21,409 22,656
79,755 103,411
CREDITORS
Amounts falling due within one year 7 (49,013 ) (66,246 )
NET CURRENT ASSETS 30,742 37,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,014

70,598

CREDITORS
Amounts falling due after more than one
year

8

(51,531

)

(63,629

)

PROVISIONS FOR LIABILITIES 9 (4,992 ) (6,352 )
NET ASSETS 491 617

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 391 517
SHAREHOLDERS' FUNDS 491 617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CITYZEN LIMITED (REGISTERED NUMBER: 10634993)

Balance Sheet - continued
31 March 2024


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 7 October 2024 and were signed on its behalf by:




J D Smith - Director



C A L Smith - Director


CITYZEN LIMITED (REGISTERED NUMBER: 10634993)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Cityzen 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of architectural services is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery- 25% on cost
Fixtures & Fittings- 25% on cost
Computer equipment- 33% on cost
Motor vehicles- 20% reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

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.

CITYZEN LIMITED (REGISTERED NUMBER: 10634993)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,498 1,109 47,990 9,693 61,290
Additions - 553 - 1,183 1,736
At 31 March 2024 2,498 1,662 47,990 10,876 63,026
DEPRECIATION
At 1 April 2023 2,498 683 18,791 5,885 27,857
Charge for year - 340 5,840 2,717 8,897
At 31 March 2024 2,498 1,023 24,631 8,602 36,754
NET BOOK VALUE
At 31 March 2024 - 639 23,359 2,274 26,272
At 31 March 2023 - 426 29,199 3,808 33,433

CITYZEN LIMITED (REGISTERED NUMBER: 10634993)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 47,990
DEPRECIATION
At 1 April 2023 18,791
Charge for year 5,840
At 31 March 2024 24,631
NET BOOK VALUE
At 31 March 2024 23,359
At 31 March 2023 29,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,012 77,183
Other debtors 15,334 3,572
58,346 80,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,374 5,241
Hire purchase contracts 6,723 5,668
Trade creditors 2,783 544
Taxation and social security 20,650 32,566
Other creditors 13,483 22,227
49,013 66,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,522 35,897
Hire purchase contracts 21,009 27,732
51,531 63,629

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,635 13,573

CITYZEN LIMITED (REGISTERED NUMBER: 10634993)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,992 6,352

Deferred
tax
£   
Balance at 1 April 2023 6,352
Provided during year (1,360 )
Accelerated capital allowances
Balance at 31 March 2024 4,992

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100