Registration number:
CC2I Limited
for the Year Ended 30 June 2024
CC2I Limited
Contents
Company Information |
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Balance sheet |
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Notes to the Unaudited Financial Statements |
CC2I Limited
Company Information
Directors |
G D Giles J Latham |
Registered office |
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Accountants |
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CC2I Limited
(Registration number: 10239373)
Balance sheet as at 30 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible fixed assets |
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Investments |
- |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Total equity |
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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:
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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
.........................................
Director
CC2I Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024
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.
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
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible fixed assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2023 |
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Additions |
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At 30 June 2024 |
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Depreciation |
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At 1 July 2023 |
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Charge for the year |
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At 30 June 2024 |
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Carrying amount |
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At 30 June 2024 |
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At 30 June 2023 |
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CC2I Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)
Investments |
2024 |
2023 |
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Investments in associates |
- |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 July 2023 |
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Disposals |
( |
At 30 June 2024 |
- |
Provision |
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Carrying amount |
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At 30 June 2024 |
- |
At 30 June 2023 |
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Receivables |
2024 |
2023 |
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Trade receivables |
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Other receivables |
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Prepayments |
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Cash and cash equivalents |
2024 |
2023 |
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Cash at bank |
508,223 |
584,735 |
CC2I Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)
Payables |
Note |
2024 |
2023 |
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Due within one year |
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Bank loan |
10,033 |
10,033 |
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Trade payables |
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Social security and other taxes |
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Accrued expenses |
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Deferred income |
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Due after one year |
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Bank loan |
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Share capital and reserves |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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2,000 |
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2,000 |
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.