CGA Nielsen (Global) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09152754 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

CGA NIELSEN (GLOBAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

A J Giles

D S Walsh

Secretary:

A J Giles

Registered office:

Waterloo Place

Watson Square

Stockport

Cheshire

SK1 3AZ

Registered number:

09152754 (England and Wales)

Auditors:

Haines Watts, Statutory Auditor

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Current assets

Debtors

6

1,423,122

1,026,945

Cash at bank

2,319,920

1,219,714

3,743,042

2,246,659

Creditors

Amounts falling due within one year

7

355,824

158,078

Net current assets

3,387,218

2,088,581

Total assets less current liabilities

3,387,218

2,088,581

Capital and reserves

Called up share capital

8

5,535,670

5,535,670

Retained earnings

(2,148,452

)

(3,447,089

)

Shareholders' funds

3,387,218

2,088,581

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2022 and were signed on its behalf by:

D S Walsh - Director

1.	Statutory information

CGA Nielsen (Global) 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cashflows in undertaking their going concern review. In particular, in response to the COVID-19 pandemic, the directors have considered the impact on the business of possible scenarios as a result of COVID-19, alongside the measures that they have taken to date and can take in the future to mitigate the impact. Based on these assessments, given the current working capital available to the company, the directors have concluded that they can continue to adopt the going concern basis in preparing annual reports and accounts.

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:

Computer equipment - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currency translation

Functional and presentational currency

The company's functional and presentational currency is GBP. All amounts in these financial statements have been rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	Employees and directors

The average number of employees during the year was NIL (2020 - NIL).

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2021

and 31 December 2021

3,554

Depreciation

At 1 January 2021

and 31 December 2021

3,554

Net book value

At 31 December 2021

-

At 31 December 2020

-

6.

Debtors: amounts falling due within one year

2021

2020

£

£

Trade debtors

984,250

561,279

Amounts owed by group undertakings

-

103,125

Amounts owed by associates

29,158

38,825

Other debtors

409,714

323,716

1,423,122

1,026,945

7.

Creditors: amounts falling due within one year

2021

2020

£

£

Trade creditors

51,092

94,862

Amounts owed to group undertakings

125,843

39,759

Corporation tax

-

382

Accruals and deferred income

178,889

23,075

355,824

158,078

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

5,535,670

Ordinary

£1

5,535,670

5,535,670

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)

for and on behalf of Haines Watts, Statutory Auditor

10.	Related party disclosures

During the year there were sales of £58,761 (2020 - £45,902), purchases of £2,157,384 (2020 - £2,512,676) and other income of £56,839 (2020 - £NIL) with companies under common control. At the year end there were amounts owed to companies under common control of £125,798 (2020 - £63,800 owed by) and accrued income of £56,839 (2020 - £NIL).

During the year there were sales of £126,386 (2020 - £478,704) and purchases of £NIL (2020 - £77,575) with associated group companies. At the year end there were amounts owed by associated group companies of £28,154 (2020 - £38,989).

11.	Ultimate controlling party