CIO Plus Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05270645 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2018 to 30 April 2020

for

CIO Plus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Berney

C M Billimore

SECRETARY:

J M Berney

REGISTERED OFFICE:

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham, Surrey

United Kingdom

GU10 5EH

REGISTERED NUMBER:

05270645 (England and Wales)

ACCOUNTANTS:

Gilroy & Brookes Accountants Ltd

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

CURRENT ASSETS

Debtors

5

148,869

-

Cash at bank

6,613

5,416

155,482

5,416

CREDITORS

Amounts falling due within one year

6

(155,382

)

(3,213

)

NET CURRENT ASSETS

100

2,203

TOTAL ASSETS LESS CURRENT LIABILITIES

100

2,203

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

-

2,103

SHAREHOLDERS' FUNDS

100

2,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2020 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 20 August 2020 and were signed on its behalf by:

J M Berney - Director

1.	STATUTORY INFORMATION

CIO Plus Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the period 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 asset is not recognized as it is not probable that they will be recovered against the reversal of deferred

tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2018

and 30 April 2020

1,203

DEPRECIATION

At 1 November 2018

and 30 April 2020

1,203

NET BOOK VALUE

At 30 April 2020

-

At 31 October 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2018

£

£

Trade debtors

148,500

-

VAT

369

-

148,869

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2018

£

£

Trade creditors

148,502

-

VAT

-

431

Directors' current accounts

5,880

1,676

Accruals and deferred income

1,000

1,106

155,382

3,213

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2018

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 November 2018

2,103

Deficit for the period

(1,899

)

Dividends

(204

)

At 30 April 2020

-

9.	RELATED PARTY DISCLOSURES

During the year, following payments were paid to the directors of the company & relatives.

1. Insource Marketing Limited - Subcontractor Fee : £437,692 (2018 : £123,567)

2.John Berney & Associates Limited - Subcontractor & Management Fee : £401 (2018 : £3,150)

Also, at the balance sheet date, the company owed the directors the sum of £5,880.(2018 : £1,676).

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of J M Berney & C M Billimore who are directors of the company and also jointly

owns 100% of the issued share capital of the company.

11.	POST BALANCE SHEET EVENTS

Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on

businesses worldwide. As a result some business operations have been restricted, however the company continues to

operate using alternative methods and remote working. The directors are unable to evaluate the overall financial

impact on the business at present. Hence financial statements do not include any adjustments that might result from

the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing

environment in order to position the company to ensure its future success.