Registered number
04186232
Celtic Damproofing Limited
Filleted Accounts
31 March 2023
Celtic Damproofing Limited
Registered number: 04186232
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 5 433 321
Cash at bank and in hand 1,381 1,265
1,814 1,586
Creditors: amounts falling due within one year 6 (6,931) (5,140)
Net current liabilities (5,117) (3,554)
Net liabilities (5,117) (3,554)
Capital and reserves
Called up share capital 2 2
Profit and loss account (5,119) (3,556)
Shareholder's funds (5,117) (3,554)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr G J Pittard
Director
Approved by the board on 23 October 2023
Celtic Damproofing Limited
Notes to the Accounts
for the year ended 31 March 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 2,000
At 31 March 2023 2,000
Amortisation
At 1 April 2022 2,000
At 31 March 2023 2,000
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 6,428 15,145 21,573
At 31 March 2023 6,428 15,145 21,573
Depreciation
At 1 April 2022 6,428 15,145 21,573
At 31 March 2023 6,428 15,145 21,573
Net book value
At 31 March 2023 - - -
5 Debtors 2023 2022
£ £
Other debtors 433 321
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 262 -
Other creditors 6,669 5,140
6,931 5,140
7 Other information
Celtic Damproofing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Penybryn House Farm
Waterloo Street
Cwmbach
Aberdare
CF44 0ED
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