Company registration number 09906360 (England and Wales)
CELFOCUS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CELFOCUS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CELFOCUS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
556
-
0
Current assets
Debtors
4
949,219
491,761
Cash at bank and in hand
70,471
91,585
1,019,690
583,346
Creditors: amounts falling due within one year
5
(1,150,744)
(713,031)
Net current liabilities
(131,054)
(129,685)
Net liabilities
(130,498)
(129,685)
Capital and reserves
Called up share capital
6
15,000
15,000
Profit and loss reserves
(145,498)
(144,685)
Total equity
(130,498)
(129,685)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
F Antunes
Director
Company registration number 09906360 (England and Wales)
CELFOCUS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

The Company, a private limited company, was incorporated on 8 December 2015, limited by shares, domiciled in England and Wales, registration number 09906360. The registered office is 7 Albermarle Street, London, W1S 4HQ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A small entities.

The presentation currency is £ GBP.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been prepared on a going concern basis as management considers that the Company has sufficient reserves to support it for a period of at least one year from the date of signing these financial statements.

1.3
Turnover

Turnover represents income received from the company's consulting services for developing technology solutions that help Communication Service Providers (CSPs) undergo Digital Transformation.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33.33% straight line
Machinery -other
8% straight line
Furniture
12.5% straight line
TV equipment
14.28% straight line
Installations
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

CELFOCUS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash comprises of cash in hand and cash at banks.

1.7
Financial instruments

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

1.8
Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit and loss, except that a change attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Foreign currency transactions are translated at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rates ruling at the balance sheet dates. Any differences are taken to the profit and loss account.

CELFOCUS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
2
Employees

During the year 2024 the Company had 4 employees.

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
900
Additions
621
At 31 December 2024
1,521
Depreciation and impairment
At 1 January 2024
900
Depreciation charged in the year
65
At 31 December 2024
965
Carrying amount
At 31 December 2024
556
At 31 December 2023
-
0

 

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
862,107
318,660
Other debtors
87,112
173,101
949,219
491,761
CELFOCUS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
727,685
291,121
Amounts owed to group undertakings
200,000
300,000
Taxation and social security
70,794
18,183
Other creditors
152,265
103,727
1,150,744
713,031
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
15,000 ordinary shares of £1 each
15,000
15,000
15,000
15,000
7
Events after the reporting date

No event has occurred after the balance sheet date that would have a material impact on the financial statements as at 31 December 2024.

8
Parent company

During the current and previous period, immediate parents in which the results of the Company are incorporated are listed below:

 

 

 

 

 

 

 

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