1 January 2024 false No description of principal activity Taxfiler 2024.6 true 14526763business:PrivateLimitedCompanyLtd2024-01-012024-12-31 145267632023-12-31 145267632024-01-012024-12-31 14526763business:AuditExemptWithAccountantsReport2024-01-012024-12-31 14526763business:FilletedAccounts2024-01-012024-12-31 145267632024-12-31 14526763business:Director12024-01-012024-12-31 14526763business:Director22024-01-012024-12-31 14526763business:RegisteredOffice2024-01-012024-12-31 145267632023-12-31 14526763core:WithinOneYear2024-12-31 14526763core:WithinOneYear2023-12-31 14526763core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 14526763core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14526763core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 14526763core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 14526763core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-12-31 14526763core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-12-31 14526763core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 14526763core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14526763core:PreviouslyStatedAmount2024-12-31 14526763core:PreviouslyStatedAmount2023-12-31 14526763business:SmallEntities2024-01-012024-12-31 14526763countries:EnglandWales2024-01-012024-12-31 14526763core:ComputerEquipment2024-01-012024-12-31 14526763core:ComputerEquipment2023-12-31 14526763core:ComputerEquipment2024-12-31 14526763business:OrdinaryShareClass12024-01-012024-12-31 14526763business:OrdinaryShareClass12022-12-072023-12-31 145267632022-12-072023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14526763 (England and Wales)
Condukt Ltd Unaudited accounts for the year ended 31 December 2024
Condukt Ltd Unaudited accounts Contents
Page
- 2 -
Condukt Ltd Company Information for the year ended 31 December 2024
Directors
Mr Paulo Guichard Mr Bhasker Rao
Company Number
14526763 (England and Wales)
Registered Office
4rd Floor Office Regent Street London W1B 3HH United Kingdom
Accountants
Sleek Accounting Ltd 205 Regent Street 4th Floor London W1B 4HB
- 3 -
Condukt Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,989 
10,552 
Current assets
Debtors
418,633 
18,519 
Cash at bank and in hand
955,754 
2,132,791 
1,374,387 
2,151,310 
Creditors: amounts falling due within one year
(65,891)
(65,765)
Net current assets
1,308,496 
2,085,545 
Net assets
1,324,485 
2,096,097 
Capital and reserves
Called up share capital
127 
118 
Share premium
2,499,947 
2,499,947 
Capital redemption reserve
9 
18 
Profit and loss account
(1,175,598)
(403,986)
Shareholders' funds
1,324,485 
2,096,097 
For the year ending 31 December 2024 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 the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Mr Paulo Guichard Director Company Registration No. 14526763
- 4 -
Condukt Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Condukt Ltd is a private company, limited by shares, registered in England and Wales, registration number 14526763. The registered office is 4rd Floor Office, Regent Street, London, W1B 3HH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
- 5 -
Condukt Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
11,025 
Additions
9,178 
At 31 December 2024
20,203 
Depreciation
At 1 January 2024
473 
Charge for the year
3,741 
At 31 December 2024
4,214 
Net book value
At 31 December 2024
15,989 
At 31 December 2023
10,552 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,152 
5,430 
Trade debtors
1,912 
- 
Deferred tax asset
383,391 
Accrued income and prepayments
557 
627 
Other debtors
28,621 
12,462 
418,633 
18,519 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
30,098 
30,978 
Taxes and social security
32,628 
33,932 
Other creditors
2,310 
- 
Loans from directors
855 
855 
65,891 
65,765 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
126,556 Ordinary shares of £0.001 each
126.55 
118.00 
Shares issued during the period:
8,556 Ordinary shares of £0.001 each
8.55 
8
Average number of employees
During the year the average number of employees was 6 (2023: 3).
- 6 -