REGISTERED NUMBER: 07475187 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Cg Conex Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

14,569

7,354

Current assets

Debtors

5

771,302

848,973

Cash at bank and in hand

782,759

690,152

1,554,061

1,539,125

Creditors

Amounts falling due within one year

6

(699,218

)

(790,187

)

Net current assets

854,843

748,938

Total assets less current liabilities

869,412

756,292

Creditors

Amounts falling due after more than one year

7

(18,942

)

(29,590

)

Provisions for liabilities

9

(6,317

)

(6,317

)

Net assets

844,153

720,385

Capital and reserves

Called up share capital

10

1,000

1,000

Share premium

11

49,520

49,520

Retained earnings

11

793,633

669,865

Shareholders' funds

844,153

720,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:

Dong Hyun Lee - Director

Narender Dev - Director

1.	Statutory information

Cg Conex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07475187

Registered office:

Falcon House

257 Burlington Road

New Malden

KT3 4NE

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 22 (2023 - 22 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2024

15,679

18,255

31,675

47,995

113,604

Additions

-

-

1,396

17,250

18,646

At 31 December 2024

15,679

18,255

33,071

65,245

132,250

Depreciation

At 1 January 2024

15,678

18,119

26,935

45,518

106,250

Charge for year

-

34

1,534

9,863

11,431

At 31 December 2024

15,678

18,153

28,469

55,381

117,681

Net book value

At 31 December 2024

1

102

4,602

9,864

14,569

At 31 December 2023

1

136

4,740

2,477

7,354

5.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

725,576

770,402

Other debtors

29,550

41,089

Long term contracts

18,942

29,284

Bad debt provision

(25,758

)

(25,758

)

VAT

22,992

33,956

771,302

848,973

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

590,839

684,140

Corporation tax

45,223

20,426

Other creditors

62,534

84,999

Other creditors

622

622

699,218

790,187

7.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans (see note 8)

18,942

29,590

8.

Loans

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

18,942

29,590

9.	Provisions for liabilities

31.12.24

31.12.23

£

£

Deferred tax

Other timing differences

6,317

6,317

Deferred tax

£

Balance at 1 January 2024

6,317

Balance at 31 December 2024

6,317

**

BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF

-

DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB

6,317

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary Share

£1

1,000

1,000

1,000 Ordinary Share shares of £1 were issued during the year for cash of £ 1,000 .

11.

Reserves

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

669,865

49,520

719,385

Profit for the year

123,768

123,768

At 31 December 2024

793,633

49,520

843,153