Registered number
09418609
Complete Analytics Limited
Report and Accounts
31 December 2023
Complete Analytics Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6-8
Complete Analytics Limited
Company Information
Director
Mark E Donaldson
Registered office
St Faith's House
Mountergate
Norwich
Norfolk
NR1 1PY
Registered number
09418609
Complete Analytics Limited
Registered number: 09418609
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 78,418 92,623
Cash at bank and in hand 2,717 7,966
81,135 100,589
Creditors: amounts falling due within one year 4 (464,561) (422,227)
Net current liabilities (383,426) (321,638)
Total assets less current liabilities (383,426) (321,638)
Creditors: amounts falling due after more than one year 5 (22,545) (23,999)
Net liabilities (405,971) (345,637)
Capital and reserves
Called up share capital 2,314 2,194
Share premium 798,413 698,483
Profit and loss account (1,206,698) (1,046,314)
Shareholders' funds (405,971) (345,637)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M E Donaldson
Director
Approved by the board on 18 February 2024
Complete Analytics Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and equipment 33% straight line
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 6
3 Debtors 2023 2022
£ £
Other debtors 78,418 92,623
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,909 2,909
Trade creditors 22,590 21,844
Other taxes and social security costs 35,409 26,019
Other creditors 403,653 371,455
464,561 422,227
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,545 23,999
6 Related party transactions 2023 2022
£ £
Common Directorship with Mark E Donaldson
During the year, Mint Consult Ltd, a company under common control, provided an interest free loan to the Company. £Nil (2021: £Nil) is due after more than one year. The balance owed on the loan is: 37,500 26,500
During the year, M E Donaldson, provided an interest free loan to the Company. £Nil (2021: £Nil) is due after more than one year. The balance owed on the loan is: 19,000 30,000
7 Ultimate Controlling party
The company is under the control of Mark E Donaldson by virtue of his 50.10% controlling (2022: 50.50%) shareholding.
8 Other information
Complete Analytics Limited is a private company limited by shares and incorporated in England. Its registered office is:
St Faith's House
Mountergate
Norwich
Norfolk
NR1 1PY
Complete Analytics Limited 09418609 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mr M E Donaldson No description of principal activity 09418609 2022-02-01 2022-12-31 09418609 core:WithinOneYear 2022-12-31 09418609 core:AfterOneYear 2022-12-31 09418609 core:ShareCapital 2022-12-31 09418609 core:SharePremium 2022-12-31 09418609 core:RetainedEarningsAccumulatedLosses 2022-12-31 09418609 2023-01-01 2023-12-31 09418609 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09418609 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09418609 bus:Director1 2023-01-01 2023-12-31 09418609 bus:Director40 2023-01-01 2023-12-31 09418609 1 2023-01-01 2023-12-31 09418609 2 2023-01-01 2023-12-31 09418609 countries:England 2023-01-01 2023-12-31 09418609 bus:FRS102 2023-01-01 2023-12-31 09418609 bus:FilletedAccounts 2023-01-01 2023-12-31 09418609 2023-12-31 09418609 core:WithinOneYear 2023-12-31 09418609 core:AfterOneYear 2023-12-31 09418609 core:ShareCapital 2023-12-31 09418609 core:SharePremium 2023-12-31 09418609 core:RetainedEarningsAccumulatedLosses 2023-12-31 09418609 2022-12-31 iso4217:GBP xbrli:pure