Company Registration No. 09852582 (England and Wales)
CWB Property Ltd
Unaudited accounts
for the year ended 31 January 2023
CWB Property Ltd
Unaudited accounts
Contents
CWB Property Ltd
Company Information
for the year ended 31 January 2023
Directors
Mr W Bowman
Mrs Annita Bowman
Company Number
09852582 (England and Wales)
Registered Office
48 HOLBOROUGH ROAD
SNODLAND
KENT
ME6 5PB
UNITED KINGDOM
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
CWB Property Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
36,741
40,409
Cash at bank and in hand
79,031
20,831
Creditors: amounts falling due within one year
(68,717)
(62,565)
Net current assets
60,068
30,634
Called up share capital
1
1
Profit and loss account
96,808
71,042
Shareholders' funds
96,809
71,043
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2023 and were signed on its behalf by
Mr W Bowman
Director
Company Registration No. 09852582
CWB Property Ltd
Notes to the Accounts
for the year ended 31 January 2023
CWB Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09852582. The registered office is 48 HOLBOROUGH ROAD, SNODLAND, KENT, ME6 5PB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line basis
Computer equipment
25% Straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
CWB Property Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2022
23,531
4,553
15,995
1,803
4,593
50,475
At 31 January 2023
23,531
4,553
15,995
1,803
5,327
51,209
At 1 February 2022
-
2,988
3,999
451
2,628
10,066
Charge for the year
-
391
2,999
338
674
4,402
At 31 January 2023
-
3,379
6,998
789
3,302
14,468
At 31 January 2023
23,531
1,174
8,997
1,014
2,025
36,741
At 31 January 2022
23,531
1,565
11,996
1,352
1,965
40,409
Amounts falling due within one year
Trade debtors
6,422
12,967
Deferred tax asset
2,860
-
Other debtors
40,472
59,401
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,900
3,975
Taxes and social security
23,616
30,438
Other creditors
22,517
6,428
Loans from directors
-
230
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).