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REGISTERED NUMBER: 04087418 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

CityCAs Limited

CityCAs Limited (Registered number: 04087418)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CityCAs Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Cullen FCA
S Pahwa FCA





SECRETARY: S Pahwa FCA





REGISTERED OFFICE: C/O City Chartered Accountants
540 5th Floor Linen Hall
162-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 04087418 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

CityCAs Limited (Registered number: 04087418)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 321,182 321,182
Tangible assets 5 11,650 13,905
332,832 335,087

CURRENT ASSETS
Stocks 30,000 46,505
Debtors 6 335,548 372,760
Cash at bank 73,200 -
438,748 419,265
CREDITORS
Amounts falling due within one year 7 (331,189 ) (286,069 )
NET CURRENT ASSETS 107,559 133,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,391

468,283

CREDITORS
Amounts falling due after more than one
year

8

(193,171

)

(247,014

)
NET ASSETS 247,220 221,269

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 247,120 221,169
247,220 221,269

CityCAs Limited (Registered number: 04087418)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 December 2024 and were signed on its behalf by:





S Pahwa FCA - Director


CityCAs Limited (Registered number: 04087418)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CityCAs 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


CityCAs Limited (Registered number: 04087418)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 747,224
AMORTISATION
At 1 April 2023
and 31 March 2024 426,042
NET BOOK VALUE
At 31 March 2024 321,182
At 31 March 2023 321,182

CityCAs Limited (Registered number: 04087418)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 63,571
Additions 3,023
Disposals (39,869 )
At 31 March 2024 26,725
DEPRECIATION
At 1 April 2023 49,666
Charge for year 5,278
Eliminated on disposal (39,869 )
At 31 March 2024 15,075
NET BOOK VALUE
At 31 March 2024 11,650
At 31 March 2023 13,905

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 308,500 299,577
Other debtors 27,048 73,183
335,548 372,760

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 92,633 28,005
Trade creditors 34,796 50,522
Taxation and social security 203,760 207,542
331,189 286,069

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 193,171 247,014

CityCAs Limited (Registered number: 04087418)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

The Directors received total dividends of £162,000 (2023: £240,000) during the year.

10. ULTIMATE CONTROLLING PARTY

The Directors Mr. P Cullen and Mr. S Pahwa are the ultimate controlling parties.