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REGISTERED NUMBER: NI026549 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

C.E.W.F. LIMITED

C.E.W.F. LIMITED (REGISTERED NUMBER: NI026549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


C.E.W.F. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: R S A Rodrigues





REGISTERED OFFICE: 157 Oldpark Road
Belfast
BT14 6QP





REGISTERED NUMBER: NI026549 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

C.E.W.F. LIMITED (REGISTERED NUMBER: NI026549)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,569 23,138
Tangible assets 5 34,115 36,365
45,684 59,503

CURRENT ASSETS
Stocks 32,381 37,398
Debtors 6 139,594 106,366
Cash at bank and in hand 14,279 31,331
186,254 175,095
CREDITORS
Amounts falling due within one year 7 102,704 123,380
NET CURRENT ASSETS 83,550 51,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,234

111,218

PROVISIONS FOR LIABILITIES 222 443
NET ASSETS 129,012 110,775

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 79,012 60,775
SHAREHOLDERS' FUNDS 129,012 110,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

C.E.W.F. LIMITED (REGISTERED NUMBER: NI026549)

BALANCE SHEET - continued
31 MAY 2023


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 authorised for issue by the director and authorised for issue on 18 October 2023 and were signed by:





R S A Rodrigues - Director


C.E.W.F. LIMITED (REGISTERED NUMBER: NI026549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

C.E.W.F. Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Determine whether there are indicators of impairment of the company's intangible assets and tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the assets and the business in general.

The directors also consider the depreciation and amortisation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.


C.E.W.F. LIMITED (REGISTERED NUMBER: NI026549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 233,064
AMORTISATION
At 1 June 2022 209,926
Charge for year 11,569
At 31 May 2023 221,495
NET BOOK VALUE
At 31 May 2023 11,569
At 31 May 2022 23,138

C.E.W.F. LIMITED (REGISTERED NUMBER: NI026549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 40,500 2,616 2,205 45,321
DEPRECIATION
At 1 June 2022 6,464 863 1,629 8,956
Charge for year 810 864 576 2,250
At 31 May 2023 7,274 1,727 2,205 11,206
NET BOOK VALUE
At 31 May 2023 33,226 889 - 34,115
At 31 May 2022 34,036 1,753 576 36,365

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 37,052 32,483
Amounts owed by group undertakings 93,681 58,781
Other debtors 8,861 15,102
139,594 106,366

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 14,023 14,951
Trade creditors 47,130 63,257
Taxation and social security 25,499 16,699
Other creditors 16,052 28,473
102,704 123,380