Ciki Ltd - Period Ending 2019-12-31
Ciki Ltd - Period Ending 2019-12-31
Registration number:
FINANCIAL PERIOD DATA REFRESH REQUIRED
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Ciki Ltd
for the Year Ended 31 December 2019
Exchange Place
Poseidon Way
Warwick
West Midlands
CV34 6BY
Ciki Ltd
Contents
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Company Information |
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Abridged Statement of Financial Position |
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Notes to the Abridged Financial Statements |
Ciki Ltd
Company Information
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Director |
Mr Marcus James Magee |
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Registered office |
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Accountants |
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Page 1 |
Ciki Ltd
(Registration number: 08309201)
Abridged Statement of Financial Position as at 31 December 2019
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Note |
2019 |
2018 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Accruals and deferred income |
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- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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.
All of the company’s members have consented to the preparation of an Abridged Statement of Comprehensive Income and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Mr Marcus James Magee
Director
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Page 2 |
Ciki Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 December 2019
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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 abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged 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 Company's share of the profits of Carlton Packaging LLP.
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.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation
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Asset class |
Amortisation method and rate |
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Goodwill |
20% |
Investments
Investments held as fixed assets are shown at cost less provision for impairment. Unlisted investments represent the company's capital account in Carlton Packaging LLP and are stated at cost, plus allocated profits, less drawings to date. Allocated profits are shown as part of turnover.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Page 3 |
Ciki Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 December 2019
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Intangible fixed assets |
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Cost or valuation |
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Amortisation |
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Carrying amount |
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At 31 December 2019 |
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Fixed assets investments |
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Total |
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Cost or valuation |
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At 1 January 2019 |
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Additions |
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At 31 December 2019 |
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Carrying amount |
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At 31 December 2019 |
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At 31 December 2018 |
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Related party transactions |
Included within other creditors falling due within one year is £56,911 (2018: £57,988) due to M Magee, the director.
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Controlling Party |
The company is under the control of M Magee, the director, and Mrs B Magee, who own 100% of the issued share capital.
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Page 4 |