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COMPANY REGISTRATION NUMBER: 11176814
CJT Interiors Limited
Filleted Unaudited Financial Statements
31 January 2023
CJT Interiors Limited
Financial Statements
Year ended 31 January 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
CJT Interiors Limited
Balance Sheet
31 January 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
32,402
19,824
Current assets
Debtors
7
50,736
23,372
Cash at bank and in hand
12,248
22,712
--------
--------
62,984
46,084
Creditors: amounts falling due within one year
8
50,550
29,856
--------
--------
Net current assets
12,434
16,228
--------
--------
Total assets less current liabilities
44,836
36,052
Creditors: amounts falling due after more than one year
9
13,067
18,667
Provisions
Taxation including deferred tax
8,101
3,766
--------
--------
Net assets
23,668
13,619
--------
--------
CJT Interiors Limited
Balance Sheet (continued)
31 January 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
23,568
13,519
--------
--------
Shareholders funds
23,668
13,619
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 October 2023 , and are signed on behalf of the board by:
Mr C B Turner
Director
Company registration number: 11176814
CJT Interiors Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% straight line
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.
Defined contribution plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Other operating income
Other operating income is income received from Government grants.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 February 2022
24,968
5,220
30,188
Additions
19,999
583
20,582
--------
-------
--------
At 31 January 2023
44,967
5,803
50,770
--------
-------
--------
Depreciation
At 1 February 2022
6,774
3,590
10,364
Charge for the year
7,049
955
8,004
--------
-------
--------
At 31 January 2023
13,823
4,545
18,368
--------
-------
--------
Carrying amount
At 31 January 2023
31,144
1,258
32,402
--------
-------
--------
At 31 January 2022
18,194
1,630
19,824
--------
-------
--------
7. Debtors
2023
2022
£
£
Trade debtors
40,404
20,280
Other debtors
10,332
3,092
--------
--------
50,736
23,372
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,600
5,600
Trade creditors
12,039
2,076
Corporation tax
24,778
16,532
Social security and other taxes
4,516
2,236
Other creditors
3,617
3,412
--------
--------
50,550
29,856
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
13,067
18,667
--------
--------
10. Director's advances, credits and guarantees
The director, had an interest-free, repayable on demand loan during the year. At the beginning of the year the company owed him £158 and at the end of the year the company owed him £300.