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Registration number: 15150197

C17 (UK) Ltd

Unaudited Filleted Financial Statements

Pages for filing with the Registrar

for the Period from 20 September 2023 to 31 July 2024

 

C17 (UK) Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

 

C17 (UK) Ltd

Company Information

Directors

Mr J C Mott

Mr J Glanville

Registered office

115 Venture House
Arlington Square
Bracknell
Berkshire
RG12 1WA

Accountants

Oxlade & Bond Limited
Chartered Certified AccountantsUnit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
C17 (UK) Ltd
for the Period Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C17 (UK) Ltd for the period ended 31 July 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of C17 (UK) Ltd, as a body, in accordance with the terms of our engagement letter dated 24 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of C17 (UK) Ltd and state those matters that we have agreed to state to the Board of Directors of C17 (UK) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C17 (UK) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C17 (UK) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of C17 (UK) Ltd. You consider that C17 (UK) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of C17 (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

24 April 2025

 

C17 (UK) Ltd

(Registration number: 15150197)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

915

Current assets

 

Debtors

5

1,151

Cash at bank and in hand

 

8,099

 

9,250

Creditors: Amounts falling due within one year

6

(10,724)

Net current liabilities

 

(1,474)

Total assets less current liabilities

 

(559)

Provisions for liabilities (deferred taxation)

(210)

Net liabilities

 

(769)

Capital and reserves

 

Called up share capital

1,000

Profit and loss account

(1,769)

Shareholders' deficit

 

(769)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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.

 

C17 (UK) Ltd

(Registration number: 15150197)
Balance Sheet as at 31 July 2024

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 

.........................................
Mr J C Mott
Director

.........................................
Mr J Glanville
Director

 

C17 (UK) Ltd

Statement of Changes in Equity for the Period from 20 September 2023 to 31 July 2024

Called up share capital
£

Profit and loss account
£

Total Equity
£

Loss for the period

-

(1,769)

(1,769)

New share capital subscribed

1,000

-

1,000

At 31 July 2024

1,000

(1,769)

(769)

 

C17 (UK) Ltd

Notes to the Unaudited Financial Statements for the Period from 20 September 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
115 Venture House
Arlington Square
Bracknell
Berkshire
RG12 1WA
England

These financial statements were authorised for issue by the Board on 24 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

C17 (UK) Ltd

Notes to the Unaudited Financial Statements for the Period from 20 September 2023 to 31 July 2024

Tax

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

The current corporation 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.

The company has no current corporation tax charge due to the tax losses arising in the current year. These tax losses will carry forward to offset against future years taxable profits.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer and office equipment

write off costs over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

C17 (UK) Ltd

Notes to the Unaudited Financial Statements for the Period from 20 September 2023 to 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

C17 (UK) Ltd

Notes to the Unaudited Financial Statements for the Period from 20 September 2023 to 31 July 2024

4

Tangible assets

Computer and office equipment
£

Total
£

Cost

Additions

916

916

At 31 July 2024

916

916

Depreciation

Charge for the period

1

1

At 31 July 2024

1

1

Carrying amount

At 31 July 2024

915

915

5

Debtors

2024
£

Other debtors

1,151

1,151

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals

719

Other creditors

10,005

10,724