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REGISTERED NUMBER: 06897070 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Conjure Ltd

Conjure Ltd (Registered number: 06897070)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Conjure Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S Clark
C Connell
C Tingley





REGISTERED OFFICE: 16 Cole Street
London
SE1 4YH





REGISTERED NUMBER: 06897070 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Conjure Ltd (Registered number: 06897070)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,076 107,660

CURRENT ASSETS
Debtors 5 310,212 502,895
Prepayments and accrued income 15,719 27,431
Cash at bank 402 96,847
326,333 627,173
CREDITORS
Amounts falling due within one year 6 298,419 297,012
NET CURRENT ASSETS 27,914 330,161
TOTAL ASSETS LESS CURRENT LIABILITIES 99,990 437,821

CREDITORS
Amounts falling due after more than one year 7 (56,762 ) (63,886 )

PROVISIONS FOR LIABILITIES - (18,508 )
NET ASSETS 43,228 355,427

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 43,128 355,327
SHAREHOLDERS' FUNDS 43,228 355,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 3 October 2024 and were signed on its behalf by:





C Connell - Director


Conjure Ltd (Registered number: 06897070)

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

1. STATUTORY INFORMATION

Conjure Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment - 2 year straight line
Other office equipment - 5 years straight line
Motor vehicles - 4 years straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Conjure Ltd (Registered number: 06897070)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 44,619 91,580 66,203 202,402
Additions 64 - 105 169
Disposals (1,294 ) - (7,389 ) (8,683 )
At 31 May 2024 43,389 91,580 58,919 193,888
DEPRECIATION
At 1 June 2023 36,743 4,767 53,232 94,742
Charge for year 2,771 22,895 10,060 35,726
Eliminated on disposal (1,275 ) - (7,381 ) (8,656 )
At 31 May 2024 38,239 27,662 55,911 121,812
NET BOOK VALUE
At 31 May 2024 5,150 63,918 3,008 72,076
At 31 May 2023 7,876 86,813 12,971 107,660

Santander UK Plc holds a fixed and floating charge over an asset of the company.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 91,580
DEPRECIATION
At 1 June 2023 4,767
Charge for year 22,895
At 31 May 2024 27,662
NET BOOK VALUE
At 31 May 2024 63,918
At 31 May 2023 86,813

Conjure Ltd (Registered number: 06897070)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 101,815 319,056
Other debtors 208,397 183,839
310,212 502,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 79,510 71,270
Hire purchase contracts (see note 8) 7,124 6,633
Trade creditors 16,407 11,225
Taxation and social security 106,939 127,411
Other creditors 88,439 80,473
298,419 297,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 8) 56,762 63,886

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 7,124 6,633
Between one and five years 56,762 63,886
63,886 70,519

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
550,000 Ordinary A £0.0001 55 55
250,000 Ordinary B £0.0001 25 25
200,000 Ordinary C £0.0001 20 20
100 100

Conjure Ltd (Registered number: 06897070)

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

10. RELATED PARTY DISCLOSURES

During the period, the company had transactions with connected companies, the companies are connected through the significant interest of the directors.

Transactions with two connected companies during the period:

Armillary Ltd:
Intercompany loan repayment received from Armillary Ltd - £20,000
Amounts loaned from Armillary Ltd - £121,000
Amounts repaid to Armillary Ltd - £88,000

At the period end the company owed a balance of £33,000 (2023 - the company was owed £20,000)

EVWare Ltd:
Sales - £18,757
Intercompany loan repayment received from EVWare Ltd - £20,000
Amount loaned to EVWare Ltd - £35,500

At the period end the company was owed a balance of £165,500 (2023 - £150,000)



During the period the directors maintained a loan account with the company. At the period end the company owed the directors £33,952 (2023 - £56,541). This loan is interest free, repayable on demand and shown within other creditors.