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Registered number: 11432457
Contilio Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11432457
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,716 4,464
2,716 4,464
CURRENT ASSETS
Debtors 5 717,487 452,624
Cash at bank and in hand 785,659 529,530
1,503,146 982,154
Creditors: Amounts Falling Due Within One Year 6 (296,612 ) (376,122 )
NET CURRENT ASSETS (LIABILITIES) 1,206,534 606,032
TOTAL ASSETS LESS CURRENT LIABILITIES 1,209,250 610,496
Creditors: Amounts Falling Due After More Than One Year 7 (1,499,984 ) (499,984 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (516 ) (848 )
NET (LIABILITIES)/ASSETS (291,250 ) 109,664
CAPITAL AND RESERVES
Called up share capital 9 111 111
Share premium account 1,340,911 1,340,911
Other reserves 650,146 656,330
Profit and Loss Account (2,282,418 ) (1,887,688 )
SHAREHOLDERS' FUNDS (291,250) 109,664
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Zara Zahra Riahi
Director
6 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Contilio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11432457 . The registered office is F505 16 Hawthorne Crescent, London, SE10 9GT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Therefore the financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future. 
The Company is involved in research and development activities and is working towards achieving a sustainable revenue generating activity. The directors have considered the basis of the financial statements and are satisfied that a combination of business growth and further investment commitments will enable the Company to meet its liabilities as they fall due.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 years straight line
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. 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.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the profit / loss before taxation.
2.8. Taxation
Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
2.9. 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 of 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.11. Share Based Payments
The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is
recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 11)
13 11
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 21,364
Additions 1,654
As at 30 June 2024 23,018
Depreciation
As at 1 July 2023 16,900
Provided during the period 3,402
As at 30 June 2024 20,302
Net Book Value
As at 30 June 2024 2,716
As at 1 July 2023 4,464
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 120,700 201,734
Prepayments and accrued income 587,790 241,341
VAT 8,997 9,549
717,487 452,624
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,638 40,874
Bank loans and overdrafts 24,729 24,729
Other taxes and social security 28,220 51,655
Net wages 9,397 -
Other creditors 1,570 1,172
Accruals and deferred income 184,347 236,038
Director's loan account 21,711 21,654
296,612 376,122
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,499,984 499,984
8. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 24,729 24,729
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 111 111
Page 5