CI WEMBLEY SERVICES LTD
Directors: G. Selzer
Registered Office: Wem Towers
Harrow Road
Wembley
HA9 6FE
Registered No: 13907924 (England & Wales)
Annual report and financial statements
For the year ended 31 December 2023
page
Statement of financial position 1
Notes to the financial statements 2-3
CI WEMBLEY SERVICES LTD
Statement of Financial Positon As At 31 December 2023
31.12.2023 31.12.2022
Notes £ £ £
Current assets
Cash at bank 5,169 3,241
Debtors 14,500 0
19,669 3,241
Creditors: amounts falling within 4 (6,565) (1,021)
one year
Net current assets 13,104 2,220
Total assets £ 13,104 £ 2,220
Capital and deficit
£ £ £
Called up share capital 5 1 1
Profit and loss account 13,103 2,219
Shareholders' reserves £ 13,104 £ 2,220
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The financial statements have been prepared in accordance with special provision of Part 15 of the Companies Act 2006 relating to small companies and with the provisions of FRS 102 Section 1A Small Entities.
The notes on pages 2 to 3 form an integral part of these financial statements.
The financial statements on pages 1 to 3 were approved by the Board of Directors and were signed on its behalf by:
G. Selzer
Director
Conpany number: 13907924 6 November 2024
CI WEMBLEY SERVICES LTD
Notes to the financial statements - 31 December 2023
Accounting policies
1 STATUTORY INFORMATION
Company Information
CI Wembley Services Ltd is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is Wem Towers, Harrow Road, Wembley, HA9 6FE.
2. ACCOUNTING POLICIES
2.1 Basis of accounting
The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Sedction 1A small entities and the Companies Act 2006.
The financial statements are presented in sterling (£).
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2 Financial instruments
The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments:
(i) Financial liabilities
Basic financial liabilities including trade, other payable and interest free long term loan advanced by the parent company are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method.
2.3 Going Concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its bankers and creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.
2.4 Creditors
Basic financial liabilities including trade and other payable are measured at transaction price.
CI WEMBLEY SERVICES LTD
Notes to the financial statements - 31 December 2023
2. ACCOUNTING POLICIES (continued)
2.5 Current & deferred taxation
Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future.
Provision for deferred taxation is set off against debit balance of deferred taxation.
The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income.
3. Employees 31.12.2023 31.12.2022
The average number of employees during the year 0 0
Debtors:
Directors Loan 14,500 0
4. Creditors: amounts falling due after more
within one year 31.12.2023 31.12.2022
£ £
Corporation tax 3,216 521
VAT 849 0
Accruals 2,500 500
6,565 1,021
5. Share capital
31.12.2023 31.12.2022
£ £
Allotted, called up and fully paid:
1 Ordinary shares of £1 each 1 1
6. Related party transactions
Control:
The company is wholly controlled by the director Mr. G. Selzer.
Transaction:
During the period there were no transaction between the company and related parties.
7. Commitment:
The company does not have any financial commitment as at 31 December 2023 (2022 Nil).
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