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REGISTERED NUMBER: 07097261 (England and Wales)













CNS (SWANSEA) LIMITED
T/A
NORTON'S

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






CNS (SWANSEA) LIMITED (REGISTERED NUMBER: 07097261)
T/A NORTON'S

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CNS (SWANSEA) LIMITED
T/A NORTON'S

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Norton
B Norton





REGISTERED OFFICE: Riverside Garage Caerbont
Ystradgynlais
West Glam
Swansea
SA9 1SH





REGISTERED NUMBER: 07097261 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
Oystermouth House Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS

CNS (SWANSEA) LIMITED (REGISTERED NUMBER: 07097261)
T/A NORTON'S

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,092,080 2,901,922

CURRENT ASSETS
Debtors 5 900,387 822,269
Cash at bank 154,483 168,565
1,054,870 990,834
CREDITORS
Amounts falling due within one year 6 1,371,292 1,097,664
NET CURRENT LIABILITIES (316,422 ) (106,830 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,775,658 2,795,092

CREDITORS
Amounts falling due after more than one
year

7

(194,296

)

(291,773

)

PROVISIONS FOR LIABILITIES (377,834 ) (570,000 )
NET ASSETS 2,203,528 1,933,319

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,203,526 1,933,317
2,203,528 1,933,319

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

CNS (SWANSEA) LIMITED (REGISTERED NUMBER: 07097261)
T/A NORTON'S

BALANCE SHEET - continued
31 MARCH 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 approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





M Norton - Director


CNS (SWANSEA) LIMITED (REGISTERED NUMBER: 07097261)
T/A NORTON'S

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


1. STATUTORY INFORMATION

CNS (Swansea) 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 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 provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - NIL ) .

CNS (SWANSEA) LIMITED (REGISTERED NUMBER: 07097261)
T/A NORTON'S

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 4,588,901
Additions 1,022,124
Disposals (244,419 )
At 31 March 2023 5,366,606
DEPRECIATION
At 1 April 2022 1,686,979
Charge for year 695,207
Eliminated on disposal (107,660 )
At 31 March 2023 2,274,526
NET BOOK VALUE
At 31 March 2023 3,092,080
At 31 March 2022 2,901,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 810,387 821,329
Other debtors 90,000 940
900,387 822,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 545,945 543,114
Trade creditors 286,388 207,485
Amounts owed to group undertakings - 100,400
Taxation and social security 125,347 -
Other creditors 413,612 246,665
1,371,292 1,097,664

CNS (SWANSEA) LIMITED (REGISTERED NUMBER: 07097261)
T/A NORTON'S

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 171,399 258,137
Other creditors 22,897 33,636
194,296 291,773