Acorah Software Products - Accounts Production 16.1.300 false true 29 June 2023 30 June 2022 false 30 June 2023 29 June 2024 29 June 2024 10758220 P E Kehoe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10758220 2023-06-29 10758220 2024-06-29 10758220 2023-06-30 2024-06-29 10758220 frs-core:CurrentFinancialInstruments 2024-06-29 10758220 frs-core:ShareCapital 2024-06-29 10758220 frs-core:RetainedEarningsAccumulatedLosses 2024-06-29 10758220 frs-bus:PrivateLimitedCompanyLtd 2023-06-30 2024-06-29 10758220 frs-bus:FilletedAccounts 2023-06-30 2024-06-29 10758220 frs-bus:SmallEntities 2023-06-30 2024-06-29 10758220 frs-bus:AuditExempt-NoAccountantsReport 2023-06-30 2024-06-29 10758220 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-30 2024-06-29 10758220 frs-bus:Director1 2023-06-30 2024-06-29 10758220 frs-bus:Director1 2023-06-29 10758220 frs-bus:Director1 2024-06-29 10758220 frs-countries:EnglandWales 2023-06-30 2024-06-29 10758220 2022-06-29 10758220 2023-06-29 10758220 2022-06-30 2023-06-29 10758220 frs-core:CurrentFinancialInstruments 2023-06-29 10758220 frs-core:ShareCapital 2023-06-29 10758220 frs-core:RetainedEarningsAccumulatedLosses 2023-06-29
Registered number: 10758220
C2CTelecoms Ltd
Unaudited Financial Statements
For The Year Ended 29 June 2024
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10758220
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 45,154 52,944
Cash at bank and in hand 2,249 170
47,403 53,114
Creditors: Amounts Falling Due Within One Year 5 (27,576 ) (45,266 )
NET CURRENT ASSETS (LIABILITIES) 19,827 7,848
TOTAL ASSETS LESS CURRENT LIABILITIES 19,827 7,848
NET ASSETS 19,827 7,848
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 19,727 7,748
SHAREHOLDERS' FUNDS 19,827 7,848
For the year ending 29 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 his 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
P E Kehoe
Director
2nd April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
C2CTelecoms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10758220 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 29 June 2024.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 18,844
Amounts owed by group undertakings 9,876 -
Other debtors 35,278 34,100
45,154 52,944
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,900 7,747
Bank loans and overdrafts - 6,064
Other creditors 4,048 28,830
Taxation and social security 8,628 2,625
27,576 45,266
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 June 2023 Amounts advanced Amounts repaid Amounts written off As at 29 June 2024
£ £ £ £ £
Mr Peter Kehoe (2,336 ) 3,514 - - 1,178
The above loan is unsecured, interest free and repayable on demand.
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