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Company registration number:
03464607
Citizen Connect Limited
Unaudited filleted financial statements
31 March 2022
THE BARKER PARTNERSHIP
Chartered Accountants and Statutory Auditors
Thirsk
Citizen Connect Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Citizen Connect Limited
Directors and other information
|
|
|
|
Directors
|
Mr R A Etheridge
|
|
|
Mr C Peat
|
|
|
Mr P A Chubb
|
|
|
|
|
|
|
|
Secretary
|
P A Chubb
|
|
|
|
|
|
|
|
Company number
|
03464607
|
|
|
|
|
|
|
|
Registered office
|
Unit 57 Batley Business Centre
|
|
|
Technology Drive
|
|
|
Batley
|
|
|
West Yorkshire
|
|
|
WF17 6ER
|
|
|
|
|
|
|
|
Accountants
|
The Barker Partnership
|
|
|
17 Central Buildings
|
|
|
Market Place
|
|
|
Thirsk
|
|
|
North Yorkshire
|
|
|
YO7 1HD
|
|
|
|
Citizen Connect Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Citizen Connect Limited
Year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Citizen Connect Limited for the year ended 31 March 2022 which comprise the Balance sheet, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Citizen Connect Limited, as a body, in accordance with the terms of our engagement letter dated 14 April 2009. Our work has been undertaken solely to prepare for your approval the financial statements of Citizen Connect Limited and state those matters that we have agreed to state to the board of directors of Citizen Connect Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Citizen Connect Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Citizen Connect Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Citizen Connect Limited. You consider that Citizen Connect Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Citizen Connect Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
5 May 2022
Citizen Connect Limited
Balance sheet
31 March 2022
|
|
|
2022
|
|
|
|
2021
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
5
|
21,066
|
|
|
|
22,470
|
|
|
Tangible assets
|
|
6
|
1,882
|
|
|
|
1,906
|
|
|
Investments
|
|
7
|
87
|
|
|
|
87
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
23,035
|
|
|
|
24,463
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
8
|
111,866
|
|
|
|
89,310
|
|
|
Cash at bank and in hand
|
|
|
166,646
|
|
|
|
62,105
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
278,512
|
|
|
|
151,415
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
9
|
(
172,802)
|
|
|
|
(
125,302)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
105,710
|
|
|
|
26,113
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
128,745
|
|
|
|
50,576
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
128,745
|
|
|
|
50,576
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
7,500
|
|
|
|
7,500
|
Revaluation reserve
|
|
|
|
|
21,066
|
|
|
|
22,470
|
Profit and loss account
|
|
|
|
|
100,179
|
|
|
|
20,606
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
128,745
|
|
|
|
50,576
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 May 2022
, and are signed on behalf of the board by:
Mr R A Etheridge
Director
Company registration number:
03464607
Citizen Connect Limited
Notes to the financial statements
Year ended 31 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 57 Batley Business Centre, Technology Drive, Batley, West Yorkshire, WF17 6ER. Citizen Connect trades as "Axia Digital" and specialises in web-based solutions to support lifelong learning and professional development. The company develops interactive solutions to support learners across all stages of the professional or vocational learning cycle. It also provides accessible careers information, advice and guidance tools, through to delivering e-learning and monitoring competence.The company works in partnership with trade and professional bodies, learning providers and employers within the corporate sector. Its technology can provide the right learning environment to enable people to become more effective and capable. All of the company's customers share a common vision - to provide flexible training and development, using the latest technologies, in order to develop their people for tomorrow's challenges.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved taxlosses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
Intellectual property |
- |
Straight line over 20 years
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery
|
-
|
33 %
|
straight line
|
|
Office equipment & IT
|
-
|
33 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2021:
9
).
5.
Intangible assets
|
|
Other intangible assets
|
Total
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 April 2021 and 31 March 2022
|
611,880
|
611,880
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Amortisation
|
|
|
|
|
|
|
|
At 1 April 2021
|
589,410
|
589,410
|
|
|
|
|
|
Charge for the year
|
1,404
|
1,404
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2022
|
590,814
|
590,814
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 March 2022
|
21,066
|
21,066
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2021
|
22,470
|
22,470
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets were revalued by the directors as at 31 March 2017 on an open market value basis.
6.
Tangible assets
|
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Total
|
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 April 2021
|
1,558
|
2,859
|
4,417
|
|
|
|
|
|
Additions
|
-
|
1,393
|
1,393
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2022
|
1,558
|
4,252
|
5,810
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 April 2021
|
1,558
|
953
|
2,511
|
|
|
|
|
|
Charge for the year
|
-
|
1,417
|
1,417
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2022
|
1,558
|
2,370
|
3,928
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 March 2022
|
-
|
1,882
|
1,882
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2021
|
-
|
1,906
|
1,906
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Investments
|
|
Shares in group undertakings and participating interests
|
Total
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 April 2021 and 31 March 2022
|
87
|
87
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Impairment
|
|
|
|
|
|
|
|
At 1 April 2021 and 31 March 2022
|
-
|
-
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 March 2022
|
87
|
87
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2021
|
87
|
87
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
80,298
|
61,661
|
|
Other debtors
|
|
31,568
|
27,649
|
|
|
|
_______
|
_______
|
|
|
|
111,866
|
89,310
|
|
|
|
_______
|
_______
|
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
5,896
|
4,013
|
|
Social security and other taxes
|
|
37,817
|
27,456
|
|
Other creditors
|
|
129,089
|
93,833
|
|
|
|
_______
|
_______
|
|
|
|
172,802
|
125,302
|
|
|
|
_______
|
_______
|
|
|
|
|
|
10.
Related party transactions
During the period the company made sales to its subsidiary, Axia Digital (Ireland) Limited, of £11,880 (2021 - £33,000). At the year end date an amount of £8,760 (2021 - £15,200) was due from that company.