2023-07-012024-06-302024-06-30false11414940CWCIO LIMITED2024-11-19iso4217:GBPxbrli:pure114149402023-07-01114149402024-06-30114149402023-07-012024-06-30114149402022-07-01114149402023-06-30114149402022-07-012023-06-3011414940bus:SmallEntities2023-07-012024-06-3011414940bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3011414940bus:AbridgedAccounts2023-07-012024-06-3011414940bus:PrivateLimitedCompanyLtd2023-07-012024-06-3011414940core:WithinOneYear2024-06-3011414940core:AfterOneYear2024-06-3011414940core:WithinOneYear2023-06-3011414940core:AfterOneYear2023-06-3011414940core:ShareCapital2024-06-3011414940core:SharePremium2024-06-3011414940core:RevaluationReserve2024-06-3011414940core:OtherReservesSubtotal2024-06-3011414940core:RetainedEarningsAccumulatedLosses2024-06-3011414940core:ShareCapital2023-06-3011414940core:SharePremium2023-06-3011414940core:RevaluationReserve2023-06-3011414940core:OtherReservesSubtotal2023-06-3011414940core:RetainedEarningsAccumulatedLosses2023-06-3011414940core:LandBuildings2024-06-3011414940core:PlantMachinery2024-06-3011414940core:Vehicles2024-06-3011414940core:FurnitureFittings2024-06-3011414940core:OfficeEquipment2024-06-3011414940core:NetGoodwill2024-06-3011414940core:IntangibleAssetsOtherThanGoodwill2024-06-3011414940core:ListedExchangeTraded2024-06-3011414940core:UnlistedNon-exchangeTraded2024-06-3011414940core:LandBuildings2023-06-3011414940core:PlantMachinery2023-06-3011414940core:Vehicles2023-06-3011414940core:FurnitureFittings2023-06-3011414940core:OfficeEquipment2023-06-3011414940core:NetGoodwill2023-06-3011414940core:IntangibleAssetsOtherThanGoodwill2023-06-3011414940core:ListedExchangeTraded2023-06-3011414940core:UnlistedNon-exchangeTraded2023-06-3011414940core:LandBuildings2023-07-012024-06-3011414940core:PlantMachinery2023-07-012024-06-3011414940core:Vehicles2023-07-012024-06-3011414940core:FurnitureFittings2023-07-012024-06-3011414940core:OfficeEquipment2023-07-012024-06-3011414940core:NetGoodwill2023-07-012024-06-3011414940core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011414940core:ListedExchangeTraded2023-07-012024-06-3011414940core:UnlistedNon-exchangeTraded2023-07-012024-06-3011414940core:MoreThanFiveYears2023-07-012024-06-3011414940core:Non-currentFinancialInstruments2024-06-3011414940core:Non-currentFinancialInstruments2023-06-3011414940dpl:CostSales2023-07-012024-06-3011414940dpl:DistributionCosts2023-07-012024-06-3011414940core:LandBuildings2023-07-012024-06-3011414940core:PlantMachinery2023-07-012024-06-3011414940core:Vehicles2023-07-012024-06-3011414940core:FurnitureFittings2023-07-012024-06-3011414940core:OfficeEquipment2023-07-012024-06-3011414940dpl:AdministrativeExpenses2023-07-012024-06-3011414940core:NetGoodwill2023-07-012024-06-3011414940core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011414940dpl:GroupUndertakings2023-07-012024-06-3011414940dpl:ParticipatingInterests2023-07-012024-06-3011414940dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3011414940core:ListedExchangeTraded2023-07-012024-06-3011414940dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3011414940core:UnlistedNon-exchangeTraded2023-07-012024-06-3011414940dpl:CostSales2022-07-012023-06-3011414940dpl:DistributionCosts2022-07-012023-06-3011414940core:LandBuildings2022-07-012023-06-3011414940core:PlantMachinery2022-07-012023-06-3011414940core:Vehicles2022-07-012023-06-3011414940core:FurnitureFittings2022-07-012023-06-3011414940core:OfficeEquipment2022-07-012023-06-3011414940dpl:AdministrativeExpenses2022-07-012023-06-3011414940core:NetGoodwill2022-07-012023-06-3011414940core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3011414940dpl:GroupUndertakings2022-07-012023-06-3011414940dpl:ParticipatingInterests2022-07-012023-06-3011414940dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3011414940core:ListedExchangeTraded2022-07-012023-06-3011414940dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3011414940core:UnlistedNon-exchangeTraded2022-07-012023-06-3011414940core:NetGoodwill2024-06-3011414940core:IntangibleAssetsOtherThanGoodwill2024-06-3011414940core:LandBuildings2024-06-3011414940core:PlantMachinery2024-06-3011414940core:Vehicles2024-06-3011414940core:FurnitureFittings2024-06-3011414940core:OfficeEquipment2024-06-3011414940core:AfterOneYear2024-06-3011414940core:WithinOneYear2024-06-3011414940core:ListedExchangeTraded2024-06-3011414940core:UnlistedNon-exchangeTraded2024-06-3011414940core:ShareCapital2024-06-3011414940core:SharePremium2024-06-3011414940core:RevaluationReserve2024-06-3011414940core:OtherReservesSubtotal2024-06-3011414940core:RetainedEarningsAccumulatedLosses2024-06-3011414940core:NetGoodwill2023-06-3011414940core:IntangibleAssetsOtherThanGoodwill2023-06-3011414940core:LandBuildings2023-06-3011414940core:PlantMachinery2023-06-3011414940core:Vehicles2023-06-3011414940core:FurnitureFittings2023-06-3011414940core:OfficeEquipment2023-06-3011414940core:AfterOneYear2023-06-3011414940core:WithinOneYear2023-06-3011414940core:Listed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CWCIO LIMITED

Registered Number
11414940
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

CWCIO LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

LEA-DAVIES, Daniel John
OWEN, Huw Griffith

Registered Address

77 Maes Y Sarn
Pentyrch
Cardiff
CF15 9QR

Registered Number

11414940 (England and Wales)
CWCIO LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,3928,094
15,3928,094
Current assets
Stocks15,45015,000
Debtors33,65733,652
Cash at bank and on hand132,33995,932
181,446144,584
Creditors amounts falling due within one year(138,635)(97,549)
Net current assets (liabilities)42,81147,035
Total assets less current liabilities58,20355,129
Creditors amounts falling due after one year(9,333)(17,333)
Net assets48,87037,796
Capital and reserves
Called up share capital1010
Profit and loss account48,86037,786
Shareholders' funds48,87037,796
The financial statements were approved and authorised for issue by the Board of Directors on 19 November 2024, and are signed on its behalf by:
LEA-DAVIES, Daniel John
Director
OWEN, Huw Griffith
Director

Registered Company No. 11414940
CWCIO LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 (as applied to small entities by section 1A of the standard).
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings25-
Vehicles-5
Office Equipment25-
Impairment of non-financial assets policy
Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year6933
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 2315,009
Additions11,682
At 30 June 2426,257
Depreciation and impairment
At 01 July 236,915
Charge for year4,384
At 30 June 2410,865
Net book value
At 30 June 2415,392
At 30 June 238,094