Company registration number 03325610 (England and Wales)
CS & L LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
CS & L LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CS & L LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
691,918
702,739
Current assets
Stocks
550
550
Debtors
5
4,484
65,776
Cash at bank and in hand
27,007
18,852
32,041
85,178
Creditors: amounts falling due within one year
6
(46,728)
(62,873)
Net current (liabilities)/assets
(14,687)
22,305
Net assets
677,231
725,044
Capital and reserves
Called up share capital
750,002
750,002
Profit and loss reserves
(72,771)
(24,958)
Total equity
677,231
725,044
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 October 2023
Mr S J Beale
Director
Company Registration No. 03325610
CS & L LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information
CS & L Limited is a private company limited by shares incorporated in England and Wales. The registered office is Yew Tree Cottage, Moss Lane, Biggin by Hulland, Ashbourne, Derbyshire, DE6 3FH. The company registration number is 03325610.
1.1
Accounting convention
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies ACT 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. there are no such estimates or judgements applicable to the company.
The company's functional and operational currency is GBP.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is recognised when services are provided.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
2% straight line
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% reducing balance & 33% straight line
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
CS & L LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2022
721,952
68,295
790,247
Additions
370
370
At 28 February 2023
721,952
68,665
790,617
Depreciation and impairment
At 1 March 2022
42,400
45,108
87,508
Depreciation charged in the year
5,300
5,891
11,191
At 28 February 2023
47,700
50,999
98,699
Carrying amount
At 28 February 2023
674,252
17,666
691,918
At 28 February 2022
679,552
23,187
702,739
CS & L LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
737
27,317
Other debtors
3,747
38,459
4,484
65,776
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
527
38,950
Taxation and social security
913
Other creditors
45,288
23,923
46,728
62,873