Registered number
02511824
Cheltenham & Gloucester Cladding Limited
Filleted Accounts
31 August 2023
Cheltenham & Gloucester Cladding Limited
Company Information
Directors
I R Anderson
R Goodall (resigned 04.05.2023)
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Unit 14
Alstone Lane Trading Estate
Cheltenham
Glos
Registered number
02511824
Cheltenham & Gloucester Cladding Limited
Registered number: 02511824
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 9,365
Current assets
Stocks 40,000 30,610
Debtors 4 283,673 227,162
323,673 257,772
Creditors: amounts falling due within one year 5 (263,458) (201,454)
Net current assets 60,215 56,318
Total assets less current liabilities 60,215 65,683
Creditors: amounts falling due after more than one year 6 (73,892) (107,468)
Net liabilities (13,677) (41,785)
Capital and reserves
Called up share capital 150 150
Profit and loss account (13,827) (41,935)
Shareholders' funds (13,677) (41,785)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I R Anderson
Director
Approved by the board on 31 October 2023
Cheltenham & Gloucester Cladding Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property 10% straight line
Plant machinery fixtures and equipment 25% straight line
Motor vehicles 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Leasehold property Plant machinery fixtures & equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2022 3,329 61,480 117,511 182,320
At 31 August 2023 3,329 61,480 117,511 182,320
Depreciation
At 1 September 2022 3,329 61,480 108,146 172,955
Charge for the year - - 9,365 9,365
At 31 August 2023 3,329 61,480 117,511 182,320
Net book value
At 31 August 2023 - - - -
At 31 August 2022 - - 9,365 9,365
4 Debtors 2023 2022
£ £
Trade debtors 139,146 111,388
Directors loan account 67,695 52,160
Other debtors 76,832 63,614
283,673 227,162
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 68,449 43,395
Trade creditors 183,239 145,637
Taxation and social security costs 4,828 5,522
Other creditors 6,942 6,900
263,458 201,454
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 65,315 88,298
Obligations under finance lease and hire purchase contracts 8,577 19,170
73,892 107,468
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 3,299 5,160
8 Controlling party
The company is controlled by the director.
9 Other information
Cheltenham & Gloucester Cladding Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 14
Alstone Lane Trading Estate
Cheltenham
Glos
Cheltenham & Gloucester Cladding Limited 02511824 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2022 No description of principal activity 02511824 2021-09-01 2022-08-31 02511824 core:WithinOneYear 2022-08-31 02511824 core:AfterOneYear 2022-08-31 02511824 core:ShareCapital 2022-08-31 02511824 core:RetainedEarningsAccumulatedLosses 2022-08-31 02511824 core:AllPeriods 2022-08-31 02511824 2022-09-01 2023-08-31 02511824 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02511824 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 02511824 bus:Director1 2022-09-01 2023-08-31 02511824 bus:Director2 2022-09-01 2023-08-31 02511824 1 2022-09-01 2023-08-31 02511824 2 2022-09-01 2023-08-31 02511824 core:LandBuildings 2022-09-01 2023-08-31 02511824 core:PlantMachinery 2022-09-01 2023-08-31 02511824 core:Vehicles 2022-09-01 2023-08-31 02511824 countries:England 2022-09-01 2023-08-31 02511824 bus:FRS102 2022-09-01 2023-08-31 02511824 bus:FullAccounts 2022-09-01 2023-08-31 02511824 2023-08-31 02511824 core:WithinOneYear 2023-08-31 02511824 core:AfterOneYear 2023-08-31 02511824 core:ShareCapital 2023-08-31 02511824 core:RetainedEarningsAccumulatedLosses 2023-08-31 02511824 core:LandBuildings 2023-08-31 02511824 core:PlantMachinery 2023-08-31 02511824 core:Vehicles 2023-08-31 02511824 core:AllPeriods 2023-08-31 02511824 2022-08-31 02511824 core:LandBuildings 2022-08-31 02511824 core:PlantMachinery 2022-08-31 02511824 core:Vehicles 2022-08-31 iso4217:GBP xbrli:pure