REGISTERED NUMBER: |
CCL Group Ltd |
Financial Statements For The Year Ended 31 January 2023 |
REGISTERED NUMBER: |
CCL Group Ltd |
Financial Statements For The Year Ended 31 January 2023 |
CCL Group Ltd (Registered number: SC504141) |
Contents of the Financial Statements |
For The Year Ended 31 January 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CCL Group Ltd |
Company Information |
For The Year Ended 31 January 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 North Guildry Street |
Elgin |
Moray |
IV30 1JR |
BANKERS: |
50-52 High Street |
Inverness |
IV1 1JE |
CCL Group Ltd (Registered number: SC504141) |
Balance Sheet |
31 January 2023 |
31.1.23 | 31.1.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
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. |
CCL Group Ltd (Registered number: SC504141) |
Balance Sheet - continued |
31 January 2023 |
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 |
CCL Group Ltd (Registered number: SC504141) |
Notes to the Financial Statements |
For The Year Ended 31 January 2023 |
1. | STATUTORY INFORMATION |
CCL Group Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Equipment | - |
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. |
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. |
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. |
Work in progress |
Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CCL Group Ltd (Registered number: SC504141) |
Notes to the Financial Statements - continued |
For The Year Ended 31 January 2023 |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
COST |
At 1 February 2022 |
Additions |
Disposals | ( |
) |
At 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Hire purchase contracts (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
Bank loans and overdrafts amounting to £57,376 (2022 - £71,665) are secured by a Floating Charge granted by the company on 21 August 2017. |
Hire purchase amounting to £9,636 (2022 - £1,603) are secured against the assets to which they relate. |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Bank loans (see note 8) |
Hire purchase contracts (see note 9) |
CCL Group Ltd (Registered number: SC504141) |
Notes to the Financial Statements - continued |
For The Year Ended 31 January 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
Hire purchase amounting to £40,324 (2022 - £Nil) are secured against the assets to which they relate. |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.1.23 | 31.1.22 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Bank loans |
Other loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
31.1.23 | 31.1.22 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
31.1.23 | 31.1.22 |
£ | £ |
Within one year |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.23 | 31.1.22 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
CCL Group Ltd (Registered number: SC504141) |
Notes to the Financial Statements - continued |
For The Year Ended 31 January 2023 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2022 |
Profit for the year |
Dividends | ( |
) |
At 31 January 2023 |
12. | CONTINGENT ASSETS |
At 31 January 2023, the company held a shareholding of 6,345 of On The Market PLC shares at a value of £3,331.13 as provided by On The Market PLC and held independently by the company. The company is locked in until April 2024 and the existence will only be confirmed by the occurrence of the sale of the shares. |
13. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £30,000 were paid to the directors . |
As at 31 January 2022 the director owed the company £102,447. During the year the directors met expenditure on behalf of the company amounting to £63,447. As at 31 January 2023 the directors owed the company £39,000. This loan is interest free and has no fixed terms of repayment. |
At 31 January 2022 the company owed £38,775 to Chameleon Asset Management Ltd, a company under common control. During the year the company met expenditure of £38,775 on behalf of Chameleon Asset Management Ltd. As at 31 January 2023 the company owed Chameleon Asset Management Ltd £nil. This loan is interest free and has no fixed terms of repayment. |
At 31 January 2022 the company owed £41,223 to Accommodation Inn Ltd, a company under common control. During the year the company met expenditure of £41,223 on behalf on Accommodation Inn Ltd. As at 31 January 2023 the company owed Accommodation Inn Ltd £nil. This loan is interest free and has no fixed terms of repayment. |
At 31 January 2022 the company owed £22,925 to Camscot (Properties) Ltd,a company under common control. During the year the company met expenditure of £22,925 on behalf of Camscot (Properties) Ltd. As at 31 January 2023 the company owed Camscot (Properties) Ltd £nil. This loan is interest free and has no fixed terms of repayment. |