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REGISTERED NUMBER: 01767817 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

CITY COMPUTING LIMITED

CITY COMPUTING LIMITED (REGISTERED NUMBER: 01767817)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Certified Accountants' Report 8

CITY COMPUTING LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: C M H Klimpke
Mrs M L H Klimpke
M Klimpke
R Klimpke
S Klimpke





SECRETARY: C M H Klimpke





REGISTERED OFFICE: City House
Sutton Park Road
Sutton
Surrey
SM1 2AE





REGISTERED NUMBER: 01767817 (England and Wales)





ACCOUNTANTS: A W Associates
Regus, Building 2
Guildford Business Park Road
Guildford
Surrey
GU2 8XG

CITY COMPUTING LIMITED (REGISTERED NUMBER: 01767817)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 95,859 117,608
95,859 117,608

CURRENT ASSETS
Debtors 6 885,131 855,625
Cash at bank 294,739 59,455
1,179,870 915,080
CREDITORS
Amounts falling due within one year 7 750,657 781,492
NET CURRENT ASSETS 429,213 133,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,072

251,196

PROVISIONS FOR LIABILITIES 23,965 29,405
NET ASSETS 501,107 221,791

CITY COMPUTING LIMITED (REGISTERED NUMBER: 01767817)

Balance Sheet - continued
29 February 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 451,107 171,791
SHAREHOLDERS' FUNDS 501,107 221,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 26 November 2024 and were signed on its behalf by:





C M H Klimpke - Director


CITY COMPUTING LIMITED (REGISTERED NUMBER: 01767817)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

City Computing 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.

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 value of goods and services provided, excluding value added tax, during the period.

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.

Development costs are being amortised in line with units of sale made in the period as a direct percentage of estimated total units to be sold over the life of the product.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on reducing balance

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.


CITY COMPUTING LIMITED (REGISTERED NUMBER: 01767817)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after the provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

CITY COMPUTING LIMITED (REGISTERED NUMBER: 01767817)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 830,662
AMORTISATION
At 1 March 2023
and 29 February 2024 830,662
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 347,972
Additions 2,999
At 29 February 2024 350,971
DEPRECIATION
At 1 March 2023 230,364
Charge for year 24,748
At 29 February 2024 255,112
NET BOOK VALUE
At 29 February 2024 95,859
At 28 February 2023 117,608

CITY COMPUTING LIMITED (REGISTERED NUMBER: 01767817)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 281 281
Other debtors 884,850 855,344
885,131 855,625

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,268 57,909
Taxation and social security 141,746 92,753
Other creditors 554,643 630,830
750,657 781,492

8. RELATED PARTY DISCLOSURES

As at 28th February 2022 C M H Klimpke and Mrs M L H Klimpke were directors and ultimate shareholders of City Computing Holdings Limited, in May 2022 they disposed of their shareholding in its entirety and resigned as directors.

During the year ended 28 February 2022 an amount of £1,118,884 was provided for as a bad debt on a balance owed by City Computing Holdings Ltd, during the year ended 28 February 2023 £13,000 of this provision was reversed.

City Computing Holdings Limited, had given a guarantee to Natwest Bank Plc in respect of overdraft and loan facilities granted to the company, this was removed in May 2022.

City Computing Trading Limited is regarded by the directors as being the company's ultimate parent company.

Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
City Computing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of City Computing Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of City Computing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of City Computing Limited and state those matters that we have agreed to state to the Board of Directors of City Computing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that City Computing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of City Computing Limited. You consider that City Computing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of City Computing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






A W Associates
Regus, Building 2
Guildford Business Park Road
Guildford
Surrey
GU2 8XG



Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
City Computing Limited

26 November 2024