CITY INTEGRATION LIMITED

Company Registration Number:
07542850 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

CITY INTEGRATION LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

CITY INTEGRATION LIMITED

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 29,149 38,867
Investments: 4 11,270 11,270
Total fixed assets: 40,419 50,137
Current assets
Debtors:   1,066,178 1,000,771
Cash at bank and in hand: 15,349 3,952
Total current assets: 1,081,527 1,004,723
Creditors: amounts falling due within one year:   (790,599) (653,520)
Net current assets (liabilities): 290,928 351,203
Total assets less current liabilities: 331,347 401,340
Creditors: amounts falling due after more than one year:   (130,004) (35,827)
Total net assets (liabilities): 201,343 365,513
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 201,243 365,413
Shareholders funds: 201,343 365,513

The notes form part of these financial statements

CITY INTEGRATION LIMITED

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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 the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2024
and signed on behalf of the board by:

Name: Gary Shelley
Status: Director

The notes form part of these financial statements

CITY INTEGRATION LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer ; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

CITY INTEGRATION LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 10 12

CITY INTEGRATION LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 72,119
At 29 February 2024 72,119
Depreciation
At 01 March 2023 33,252
Charge for year 9,718
At 29 February 2024 42,970
Net book value
At 29 February 2024 29,149
At 28 February 2023 38,867

CITY INTEGRATION LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Fixed investments

Investments of £11,270 comprise A ordinary shares in Gunna Drinks Limited registered in England - company number 09895112

CITY INTEGRATION LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Loans to directors

Directors have advanced loans to the company of £490 (2023 - £167) which are unsecured, interest free and repayable on demand. Dividends paid to directors were as follows, Gary Shelley £114,500 (2023 - £248,000).

CITY INTEGRATION LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Related party transactions

Name of the related party: City Resourcing Limited
Relationship:
Company having the same director and shareholder
Description of the Transaction: An intercompany loan
£
Balance at 01 March 2023 402,631
Balance at 29 February 2024 413,060
Name of the related party: City Integration Developments Limited
Relationship:
Company having the same director and shareholder
Description of the Transaction: An intercompany loan
£
Balance at 01 March 2023 897,659
Balance at 29 February 2024 1,032,163