| CI WEMBLEY SERVICES LTD |
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| Notes to the financial statements - 31 December 2024 |
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Accounting policies |
| 1 |
STATUTORY INFORMATION |
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Company Information |
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CI Wembley Services Ltd is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is Wem Towers, Harrow Road, Wembley, HA9 6FE. |
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| 2. |
ACCOUNTING POLICIES |
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| 2.1 |
Basis of accounting |
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The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Sedction 1A small entities and the Companies Act 2006. |
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The financial statements are presented in sterling (£). |
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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| 2.2 |
Financial instruments |
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The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
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(i) Financial liabilities |
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Basic financial liabilities including trade, other payable and interest free long term loan advanced by the parent company are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
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| 2.3 |
Going Concern |
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The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its bankers and creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives. |
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| 2.4 |
Creditors |
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Basic financial liabilities including trade and other payable are measured at transaction price. |
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| CI WEMBLEY SERVICES LTD |
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| Notes to the financial statements - 31 December 2024 |
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| 2. |
ACCOUNTING POLICIES (continued) |
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| 2.5 |
Current & deferred taxation |
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Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future. |
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Provision for deferred taxation is set off against debit balance of deferred taxation. |
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The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income. |
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| 3. |
Employees |
31.12.2024 |
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31.12.2023 |
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The average number of employees during the year |
0 |
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0 |
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Debtors: |
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Directors Loan |
4,000 |
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14,500 |
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| 4. |
Creditors: amounts falling due after more |
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within one year |
31.12.2024 |
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31.12.2023 |
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£ |
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£ |
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Corporation tax |
178 |
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3,216 |
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VAT |
4,254 |
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849 |
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Accruals |
2,500 |
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2,500 |
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6,932 |
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6,565 |
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| 5. |
Share capital |
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31.12.2024 |
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31.12.2023 |
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£ |
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£ |
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Allotted, called up and fully paid: |
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1 Ordinary shares of £1 each |
1 |
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1 |
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| 6. |
Related party transactions |
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Control: |
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The company is wholly controlled by the director Mr. G. Selzer. |
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Transaction: |
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During the year there were no transactions between the company and related parties. |
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| 7. |
Commitment: |
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The company does not have any financial commitment as at 31 December 2024 (2023 Nil). |