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REGISTERED NUMBER: 06492576 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CULVERTRONIC LIMITED

CULVERTRONIC LIMITED (REGISTERED NUMBER: 06492576)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CULVERTRONIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs D M Merkel
P J Scott-Jackson
G S Merkel
Mrs R Scott-Jackson





SECRETARY: Mrs D M Merkel





REGISTERED OFFICE: Unit A12
Spithead Business Centre
Newport Road
Sandown
Isle of Wight
PO36 9PH





REGISTERED NUMBER: 06492576 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

CULVERTRONIC LIMITED (REGISTERED NUMBER: 06492576)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,111 57,449

CURRENT ASSETS
Stocks 82,000 86,000
Debtors 5 233,937 224,209
Cash at bank 392,480 227,173
708,417 537,382
CREDITORS
Amounts falling due within one year 6 237,565 176,678
NET CURRENT ASSETS 470,852 360,704
TOTAL ASSETS LESS CURRENT LIABILITIES 515,963 418,153

PROVISIONS FOR LIABILITIES 7,405 9,361
NET ASSETS 508,558 408,792

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 508,458 408,692
SHAREHOLDERS' FUNDS 508,558 408,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CULVERTRONIC LIMITED (REGISTERED NUMBER: 06492576)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:




Mrs D M Merkel - Director



P J Scott-Jackson - Director


CULVERTRONIC LIMITED (REGISTERED NUMBER: 06492576)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Culvertronic Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CULVERTRONIC LIMITED (REGISTERED NUMBER: 06492576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 12,822 239,958 252,780
Additions - 2,675 2,675
At 31 March 2023 12,822 242,633 255,455
DEPRECIATION
At 1 April 2022 4,272 191,059 195,331
Charge for year 2,136 12,877 15,013
At 31 March 2023 6,408 203,936 210,344
NET BOOK VALUE
At 31 March 2023 6,414 38,697 45,111
At 31 March 2022 8,550 48,899 57,449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 167,794 170,088
Amounts recoverable on contract 62,000 50,000
Other debtors 4,143 4,121
233,937 224,209

CULVERTRONIC LIMITED (REGISTERED NUMBER: 06492576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,775 17,729
Taxation and social security 100,751 87,785
Other creditors 111,039 71,164
237,565 176,678

7. OTHER FINANCIAL COMMITMENTS

On 31 March 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £102,963 (2022 - £132,697).