Company Registration No. 12513591 (England and Wales)
CB PERFORMANCE LTD
Unaudited accounts
for the year ended 31 March 2023
CB PERFORMANCE LTD
Unaudited accounts
Contents
CB PERFORMANCE LTD
Company Information
for the year ended 31 March 2023
Company Number
12513591 (England and Wales)
Registered Office
Wyk House The Street
Rotherwick
Hook
Hampshire
RG27 9BL
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
CB PERFORMANCE LTD
Statement of financial position
as at 31 March 2023
Intangible assets
525,000
525,000
Tangible assets
322,879
248,626
Cash at bank and in hand
40,556
33,993
Creditors: amounts falling due within one year
(2,683)
(21,141)
Net current assets
76,787
25,990
Net assets
924,666
799,616
Called up share capital
1,033
946
Share premium
1,015,341
840,429
Profit and loss account
(91,708)
(41,759)
Shareholders' funds
924,666
799,616
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by
C Ball
Director
Company Registration No. 12513591
CB PERFORMANCE LTD
Notes to the Accounts
for the year ended 31 March 2023
CB PERFORMANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 12513591. The registered office is Wyk House The Street, Rotherwick, Hook, Hampshire, RG27 9BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
10% per annum of cost
Other tangible fixed assets
10% per annum of cost
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
CB PERFORMANCE LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Charge for the year
38,545
Amounts falling due within one year
Amounts due from group undertakings etc.
37,500
-
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,265
19,811
CB PERFORMANCE LTD
Notes to the Accounts
for the year ended 31 March 2023
During the year the company purchased consultancy services from Mr C Ball totalling £34,900. Mr Ball is a director of the company.
9
Transactions with related parties
At the year end the company was owed £37,500 by CB Future Tech Ltd. Mr Ball is a director of both companies.
10
Average number of employees
During the year the average number of employees was 2 (2022: 3).