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REGISTERED NUMBER: 04227881 (England and Wales)









Financial Statements

for the Year Ended 30 June 2024

for

Confero Limited

Confero Limited (Registered number: 04227881)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Confero Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Freedman
D Sassoon





SECRETARY: D Sassoon





REGISTERED OFFICE: 333 Edgware Road
London
NW9 6TD





REGISTERED NUMBER: 04227881 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Confero Limited (Registered number: 04227881)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 150 510
Tangible assets 5 90,289 122,690
90,439 123,200

CURRENT ASSETS
Debtors 6 293,842 381,443
Cash at bank 502,131 453,531
795,973 834,974
CREDITORS
Amounts falling due within one year 7 (356,896 ) (307,683 )
NET CURRENT ASSETS 439,077 527,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,516

650,491

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(81,000

)

PROVISIONS FOR LIABILITIES (20,090 ) (27,727 )
NET ASSETS 494,426 541,764

CAPITAL AND RESERVES
Called up share capital 30,811 30,811
Capital redemption reserve 370,289 370,289
Retained earnings 93,326 140,664
494,426 541,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Confero Limited (Registered number: 04227881)

Statement of Financial Position - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





D Sassoon - Director


Confero Limited (Registered number: 04227881)

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

1. STATUTORY INFORMATION

Confero Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income is recognised when the service is provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over the life of the lease
Plant and machinery etc - 25% on reducing balance and 10%-33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

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 45 (2023 - 45 ) .

Confero Limited (Registered number: 04227881)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 2,576
AMORTISATION
At 1 July 2023 2,066
Charge for year 360
At 30 June 2024 2,426
NET BOOK VALUE
At 30 June 2024 150
At 30 June 2023 510

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 220,181 156,505 376,686
Additions - 961 961
At 30 June 2024 220,181 157,466 377,647
DEPRECIATION
At 1 July 2023 125,757 128,239 253,996
Charge for year 26,178 7,184 33,362
At 30 June 2024 151,935 135,423 287,358
NET BOOK VALUE
At 30 June 2024 68,246 22,043 90,289
At 30 June 2023 94,424 28,266 122,690

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,892 227,747
Other debtors 159,950 153,696
293,842 381,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,000 36,000
Trade creditors 208,702 135,484
Taxation and social security 66,570 90,391
Other creditors 45,624 45,808
356,896 307,683

Confero Limited (Registered number: 04227881)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,000 81,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 119,140 24,154
Between one and five years 191,930 -
311,070 24,154

10. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £77,915 (2023: £59,540). Contributions totalling £2,664 (2023: £2,650) were payable to the fund at the balance sheet date and are included in creditors.