CONTEGO GROUP LIMITED

Company Registration Number:
10341409 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CONTEGO GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CONTEGO GROUP LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 99,750 0
Tangible assets: 4 2,585 0
Investments: 5 0 100,100
Total fixed assets: 102,335 100,100
Current assets
Debtors:   27,754 0
Cash at bank and in hand: 25,616 0
Total current assets: 53,370 0
Creditors: amounts falling due within one year:   (54,775) 0
Net current assets (liabilities): (1,405) 0
Total assets less current liabilities: 100,930 100,100
Total net assets (liabilities): 100,930 100,100
Capital and reserves
Called up share capital: 125 125
Share premium account: 99,975 99,975
Profit and loss account: 830 0
Shareholders funds: 100,930 100,100

The notes form part of these financial statements

CONTEGO GROUP LIMITED

Balance sheet statements

For the year ending 31 December 2023 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 27 January 2025
and signed on behalf of the board by:

Name: Mr R P Mehta
Status: Director

The notes form part of these financial statements

CONTEGO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:- Plant and equipment 25% Straight Line Basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Intangible fixed assets and amortisation policy

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

CONTEGO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

CONTEGO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 0
Additions 105,000
At 31 December 2023 105,000
Amortisation
At 01 January 2023 0
Charge for year 5,250
At 31 December 2023 5,250
Net book value
At 31 December 2023 99,750
At 31 December 2022 0

CONTEGO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 0
Additions 2,911
At 31 December 2023 2,911
Depreciation
At 01 January 2023 0
Charge for year 326
At 31 December 2023 326
Net book value
At 31 December 2023 2,585
At 31 December 2022 0

CONTEGO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss