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Registration number: 10239373

CC2I Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

CC2I Limited

Contents

Company Information

1

Balance sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

CC2I Limited

Company Information

Directors

G D Giles

J Latham

Registered office

C/o Shaw Gibbs Limited
79A High Street
Teddington
TW11 8HG

Accountants

Shaw Gibbs Limited
79a High Street
Teddington
Middlesex
TW11 8HG

 

CC2I Limited

(Registration number: 10239373)
Balance sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible fixed assets

4

861

1,629

Investments

5

-

48

 

861

1,677

Current assets

 

Receivables

6

118,908

79,833

Cash at bank and in hand

 

508,223

584,735

 

627,131

664,568

Creditors: Amounts falling due within one year

8

(224,812)

(211,050)

Net current assets

 

402,319

453,518

Total assets less current liabilities

 

403,180

455,195

Creditors: Amounts falling due after more than one year

8

(14,135)

(24,137)

Provisions for liabilities

(215)

(407)

Net assets

 

388,830

430,651

Capital and reserves

 

Called up share capital

9

2,000

2,000

Retained earnings

386,830

428,651

Total equity

 

388,830

430,651

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

CC2I Limited

(Registration number: 10239373)
Balance sheet as at 30 June 2024 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in
accordance with the provisions of FRS 102 Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and loss account.

The financial statements of CC2I Limited were approved and authorised for issue by the Board on 28 February 2025 and signed on its behalf by:
 

.........................................

G D Giles
Director

 

CC2I Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

CC2I Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).

Judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover represents the value of contracts sold and services rendered during the year, excluding value added tax. When long term contracts straddle the year end the turnover and related cost of sales before the year end are included in the accounts.

Taxation

The tax expense for the period comprises charges for corporation tax and deferred tax.

 

CC2I Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

33% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

CC2I Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible fixed assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

5,295

5,295

Additions

315

315

At 30 June 2024

5,610

5,610

Depreciation

At 1 July 2023

3,666

3,666

Charge for the year

1,083

1,083

At 30 June 2024

4,749

4,749

Carrying amount

At 30 June 2024

861

861

At 30 June 2023

1,629

1,629

 

CC2I Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

5

Investments

2024
£

2023
£

Investments in associates

-

48

Subsidiaries

£

Cost or valuation

At 1 July 2023

48

Disposals

(48)

At 30 June 2024

-

Provision

Carrying amount

At 30 June 2024

-

At 30 June 2023

48

6

Receivables

2024
£

2023
£

Trade receivables

30,865

10,446

Other receivables

1,582

952

Prepayments

86,461

68,435

118,908

79,833

7

Cash and cash equivalents

2024
£

2023
£

Cash at bank

508,223

584,735

 

CC2I Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

8

Payables

Note

2024
£

2023
£

Due within one year

 

Bank loan

 

10,033

10,033

Trade payables

 

52,544

23,724

Social security and other taxes

 

9,592

10,230

Accrued expenses

 

2,799

48,279

Deferred income

 

149,844

118,784

 

224,812

211,050

Due after one year

 

Bank loan

14,135

24,137

9

Share capital and reserves

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2,000

2,000

2,000

2,000

       


Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.