Company Registration No. 12190551 (England and Wales)
CGI Accountants Ltd
Accounts
for the year ended 31 December 2024
CGI Accountants Ltd
Accounts
Contents
CGI Accountants Ltd
Company Information
for the year ended 31 December 2024
Company Number
12190551 (England and Wales)
Registered Office
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
CGI Accountants Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
41,527
35,914
Cash at bank and in hand
220,611
301,963
Creditors: amounts falling due within one year
(99,593)
(94,490)
Net current assets
268,008
243,235
Total assets less current liabilities
309,535
279,149
Creditors: amounts falling due after more than one year
(1,980)
(23,265)
Net assets
307,555
255,884
Called up share capital
100
100
Profit and loss account
307,455
255,784
Shareholders' funds
307,555
255,884
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2025 and were signed on its behalf by
I A Khan
Director
Company Registration No. 12190551
CGI Accountants Ltd
Notes to the Accounts
for the year ended 31 December 2024
CGI Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 12190551. The registered office is Branch House, 31-33 Branch Road, Batley, West Yorkshire, WF17 5SB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
CGI Accountants Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
41,379
14,682
56,061
Additions
11,301
4,695
15,996
At 31 December 2024
52,680
19,377
72,057
At 1 January 2024
14,687
5,460
20,147
Charge for the year
7,599
2,784
10,383
At 31 December 2024
22,286
8,244
30,530
At 31 December 2024
30,394
11,133
41,527
At 31 December 2023
26,692
9,222
35,914
Amounts falling due within one year
Trade debtors
146,990
35,762
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,735
4,735
Trade creditors
642
42,163
Taxes and social security
26,388
25,889
Other creditors
1,741
1,683
Deferred income
66,087
20,020
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
17,000
The ultimate controlling party was the Director by virtue of him holding 100% of the issued share capital
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).