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REGISTERED NUMBER: 08617605 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

CIIQ UK Ltd

CIIQ UK Ltd (Registered number: 08617605)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CIIQ UK Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J S Hayes





SECRETARY: B Klaffer





REGISTERED OFFICE: Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 08617605 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

CIIQ UK Ltd (Registered number: 08617605)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 830 1,665

CURRENT ASSETS
Stocks 53,431 49,587
Debtors 5 2,119,815 2,107,477
Cash at bank 1,568 19,677
2,174,814 2,176,741
CREDITORS
Amounts falling due within one year 6 2,109,662 2,106,782
NET CURRENT ASSETS 65,152 69,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,982

71,624

PROVISIONS FOR LIABILITIES 207 416
NET ASSETS 65,775 71,208

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,675 71,108
SHAREHOLDERS' FUNDS 65,775 71,208

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





J S Hayes - Director


CIIQ UK Ltd (Registered number: 08617605)

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

1. STATUTORY INFORMATION

CIIQ UK Ltd 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.

Critical accounting estimates and judgements
The director is of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has only assets and liabilities that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CIIQ UK Ltd (Registered number: 08617605)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 12,551
DEPRECIATION
At 1 July 2023 10,886
Charge for year 835
At 30 June 2024 11,721
NET BOOK VALUE
At 30 June 2024 830
At 30 June 2023 1,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,294 125,367
Amounts owed by group undertakings 2,077,531 1,975,189
Other debtors 10,990 6,921
2,119,815 2,107,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 170,319 158,180
Amounts owed to group undertakings 1,865,076 1,782,553
Taxation and social security 64,200 132,099
Other creditors 10,067 33,950
2,109,662 2,106,782

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank Loans - Less than 1 year - 30,556

The bank loan was drawn down in May 2020 under the CBILS provisions due to the Covid-19 pandemic. The loan, which includes a 12 month interest and capital holiday, carries interest at a fixed rate of 3.99% and is repayable in 36 monthly instalments from May 2021. The loan was repaid in full in May 2024.

CIIQ UK Ltd (Registered number: 08617605)

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

8. ULTIMATE PARENT COMPANY

The parent company is Collective Industrial Fleet Management Pty Ltd incorporated in Australia. The ultimate parent company is CI Data Pty Ltd incorporated in Australia. 85 Alfred Road, 2170 Sydney, Chipping Norton, New South Wales, Australia.