Company registration number SC417594 (Scotland)
21CC GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
21CC GROUP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
21CC GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
117,273
6,380
Tangible assets
5
977,331
753,050
Investments
6
68
-
0
1,094,672
759,430
Current assets
Stocks
103,419
112,853
Debtors
7
213,362
410,253
Cash at bank and in hand
487,625
760,256
804,406
1,283,362
Creditors: amounts falling due within one year
8
(377,054)
(487,719)
Net current assets
427,352
795,643
Total assets less current liabilities
1,522,024
1,555,073
Creditors: amounts falling due after more than one year
9
(301,356)
(294,884)
Provisions for liabilities
(178,170)
(155,841)
Net assets
1,042,498
1,104,348
Capital and reserves
Called up share capital
10
100
100
Share premium account
200
200
Profit and loss reserves
1,042,198
1,104,048
Total equity
1,042,498
1,104,348
21CC GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 February 2025 and are signed on its behalf by:
Mr G Crow
Director
Company registration number SC417594 (Scotland)
21CC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

21CC Group Limited is a private company limited by shares incorporated in Scotland. The registered office is 6a Old Deans Road, Bathgate, West Lothian, EH48 1JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

Atruet 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.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4
Intangible fixed assets - goodwill

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 10 years.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets comprise of capitalised costs related to brand and project development. Such assets are defined as having finite useful lives over the life of the projects and the costs are amortised on a straight line basis over their estimated useful lives of 5 years. Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
10% straight line
Other intangibles
20% straight line
21CC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Tangible fixed assets

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 bases:

Leasehold improvements
10% straight line
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
33% straight line
Motor vehicles
25% reducing balance

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.

1.7
Fixed asset 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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

1.9
Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost is determined on a first-in, first-out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

21CC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Debtors

Debtors with no stated interest rate or receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price.

 

All interest bearing loans and borrowings which are basic financial instruments are initially recorded at the present value of cash payable. After initial recognition they are measured at amortised cost.

1.12
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

21CC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
1.16
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.17
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
40
27
21CC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
4
Intangible fixed assets
Goodwill
Software
Other intangibles
Total
£
£
£
£
Cost
At 1 April 2023
119,198
2,200
-
0
121,398
Additions
-
0
-
0
146,591
146,591
Disposals
-
0
(2,200)
-
0
(2,200)
At 31 March 2024
119,198
-
0
146,591
265,789
Amortisation and impairment
At 1 April 2023
113,698
1,320
-
0
115,018
Amortisation charged for the year
5,500
-
0
29,318
34,818
Disposals
-
0
(1,320)
-
0
(1,320)
At 31 March 2024
119,198
-
0
29,318
148,516
Carrying amount
At 31 March 2024
-
0
-
0
117,273
117,273
At 31 March 2023
5,500
880
-
0
6,380
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023
122,453
1,174,647
1,297,100
Additions
158,428
356,649
515,077
Disposals
-
0
(192,286)
(192,286)
At 31 March 2024
280,881
1,339,010
1,619,891
Depreciation and impairment
At 1 April 2023
-
0
544,050
544,050
Depreciation charged in the year
25,173
204,625
229,798
Eliminated in respect of disposals
-
0
(131,288)
(131,288)
At 31 March 2024
25,173
617,387
642,560
Carrying amount
At 31 March 2024
255,708
721,623
977,331
At 31 March 2023
122,453
630,597
753,050
21CC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
6
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
68
-
0
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2023
-
Additions
60
Prior year adjustment
9
Disposals
(1)
At 31 March 2024
68
Carrying amount
At 31 March 2024
68
At 31 March 2023
-

The prior year adjustment introduces the investment par value of previously subscribed for shares in dormant subsidiary companies wholly controlled by the company.

7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
102,734
56,212
Amounts owed by group undertakings
60,038
-
0
Other debtors
50,590
354,041
213,362
410,253
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
70,551
32,797
Taxation and social security
43,629
56,955
Other creditors
262,874
397,967
377,054
487,719

Included within Other creditors is deferred income totalling £114,689 (2023 - £113,062) relating to events post year end that have been invoiced by the company prior to 31 March 2024.

21CC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
301,356
294,884
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of 1p each
5,011
5,011
50
50
B Ordinary shares of 1p each
2,029
2,029
20
20
C Ordinary shares of 1p each
1,000
1,000
10
10
D Ordinary shares of 1p each
399
400
4
4
E Ordinary shares of 1p each
400
400
4
4
F Ordinary shares of 1p each
1
1
-
-
G Ordinary shares of 1p each
1
1
-
-
H Ordinary shares of 1p each
1,160
1,160
12
12
I Ordinary shares of 1p each
1
-
-
-
10,002
10,002
100
100

On 17 August 2023, 1 D Ordinary share was redesignated as 1 I Ordinary share.

 

11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
201,389
515,203
12
Related party transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

2024-03-312023-04-01falsefalsefalse12 February 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr G CrowMrs F CrowSC4175942023-04-012024-03-31SC4175942024-03-31SC4175942023-03-31SC417594core:NetGoodwill2024-03-31SC417594core:IntangibleAssetsOtherThanGoodwill2024-03-31SC417594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-03-31SC417594core:NetGoodwill2023-03-31SC417594core:IntangibleAssetsOtherThanGoodwill2023-03-31SC417594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-31SC417594core:LandBuildings2024-03-31SC417594core:OtherPropertyPlantEquipment2024-03-31SC417594core:LandBuildings2023-03-31SC417594core:OtherPropertyPlantEquipment2023-03-31SC417594core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-31SC417594core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31SC417594core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-31SC417594core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-31SC417594core:CurrentFinancialInstruments2024-03-31SC417594core:CurrentFinancialInstruments2023-03-31SC417594core:ShareCapital2024-03-31SC417594core:ShareCapital2023-03-31SC417594core:SharePremium2024-03-31SC417594core:SharePremium2023-03-31SC417594core:RetainedEarningsAccumulatedLosses2024-03-31SC417594core:RetainedEarningsAccumulatedLosses2023-03-31SC417594core:ShareCapitalOrdinaryShares2024-03-31SC417594core:ShareCapitalOrdinaryShares2023-03-31SC417594bus:Director12023-04-012024-03-31SC417594core:Goodwill2023-04-012024-03-31SC417594core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC417594core:LeaseholdImprovementscore:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC417594core:PlantMachinery2023-04-012024-03-31SC417594core:FurnitureFittings2023-04-012024-03-31SC417594core:ComputerEquipment2023-04-012024-03-31SC417594core:MotorVehicles2023-04-012024-03-31SC4175942022-04-012023-03-31SC417594core:NetGoodwill2023-03-31SC417594core:IntangibleAssetsOtherThanGoodwill2023-03-31SC417594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-31SC4175942023-03-31SC417594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC417594core:NetGoodwill2023-04-012024-03-31SC417594core:LandBuildings2023-03-31SC417594core:OtherPropertyPlantEquipment2023-03-31SC417594core:LandBuildings2023-04-012024-03-31SC417594core:OtherPropertyPlantEquipment2023-04-012024-03-31SC417594core:WithinOneYear2024-03-31SC417594core:WithinOneYear2023-03-31SC417594core:Non-currentFinancialInstruments2024-03-31SC417594core:Non-currentFinancialInstruments2023-03-31SC417594bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC417594bus:FRS1022023-04-012024-03-31SC417594bus:AuditExemptWithAccountantsReport2023-04-012024-03-31SC417594bus:Director22023-04-012024-03-31SC417594bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC417594bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP