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Registration number: 02383502

C22 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

C22 Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

C22 Limited

Balance Sheet

as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,039

8,083

Current assets

 

Debtors

5

377,182

503,303

Cash at bank and in hand

 

14,953

28,145

 

392,135

531,448

Creditors: Amounts falling due within one year

6

(321,365)

(342,958)

Net current assets

 

70,770

188,490

Total assets less current liabilities

 

74,809

196,573

Creditors: Amounts falling due after more than one year

6

(80,000)

(140,000)

Provisions for liabilities

-

(1,536)

Net (liabilities)/assets

 

(5,191)

55,037

Capital and reserves

 

Allotted, called up and fully paid share capital

10,500

10,500

Share premium reserve

9,170

9,170

Capital redemption reserve

24,262

24,262

Profit and loss account

(49,123)

11,105

Shareholders' funds

 

(5,191)

55,037

Registration number: 02383502

 

C22 Limited

Balance Sheet

as at 30 September 2024 (continued)

For the financial year ending 30 September 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

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

.........................................
Mr S R Aspinall
Director

 

C22 Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 02383502.

The address of its registered office is:
B5 Carrwood Park Selby Road
Swillington Common
Leeds
West Yorkshire
LS15 4LG

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 - '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.

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 value added tax, returns, rebates and discounts.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

C22 Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Going Concern

The Directors included within the Directors Report the following comment regarding Going Concern:

‘We have continued to adopt the going concern basis when preparing the financial statements after assessing the principal risks and uncertainties within the company. Although loss making in the last 2 financial years, after making a number of changes we are confident that the business will be able to return to profitability in due course.

We believe the company has adequate resources to enable it to continue in operation and meet its liabilities as they fall due for the period of at least twelve months from the date of approval of the financial statements.’

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and 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

Plant and machinery

15% per annum on a straight line basis

Computer equipment and software

20% per annum on a straight line basis

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

 

C22 Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 16). These figures exclude those people on a contract for services.

 

C22 Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Computer equipment and software
 £

Plant and machinery
 £

Total
£

Cost

At 1 October 2023

20,211

42,209

62,420

At 30 September 2024

20,211

42,209

62,420

Depreciation

At 1 October 2023

12,128

42,209

54,337

Charge for the year

4,044

-

4,044

At 30 September 2024

16,172

42,209

58,381

Net book value

At 30 September 2024

4,039

-

4,039

At 30 September 2023

8,083

-

8,083

5

Debtors

Current

2024
£

2023
£

Trade debtors

255,265

362,759

Amounts owed by related parties

100,000

100,000

Prepayments

17,130

31,755

Other debtors

4,787

8,789

 

377,182

503,303

 

C22 Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

6

Creditors

2024
£

2023
£

Due within one year

Bank borrowings

60,000

60,000

Taxation and social security

127,766

162,216

Accruals and deferred income

120,590

120,742

Other creditors

13,009

-

321,365

342,958


Creditors due within one year include bank borrowings, which are secured by debenture, of £60,000 (2022 - £60,000).

Due after one year

Bank borrowings

80,000

140,000


Creditors due after one year include bank borrowings, which are secured by debenture, of £80,000 (2022 - £140,000).

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £18,654 (2023 - £25,028). These financial commitments relate to non-cancellable operating leases and are payable over the remaining life of those leases.

8

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to directors
£

Repayments by director
£

At 30 September 2024
£

Interest free loan

44

4,956

(5,000)

-