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REGISTERED NUMBER: 05233699 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Contract Flooring Services (Cambridge)
Limited

Contract Flooring Services (Cambridge)
Limited (Registered number: 05233699)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Contract Flooring Services (Cambridge)
Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D Webb
W D Reeve





SECRETARY: Mrs D Felton





REGISTERED OFFICE: Unit 4, Viking Way
Bar Hill
Cambridge
Cambridgeshire
CB23 8EL





REGISTERED NUMBER: 05233699 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Contract Flooring Services (Cambridge)
Limited (Registered number: 05233699)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 113,967 105,883
113,967 105,883

CURRENT ASSETS
Stocks 118,741 133,309
Debtors 6 808,280 629,469
Cash at bank 16,922 22,587
943,943 785,365
CREDITORS
Amounts falling due within one year 7 725,360 591,529
NET CURRENT ASSETS 218,583 193,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,550

299,719

CREDITORS
Amounts falling due after more than one
year

8

65,338

101,137
NET ASSETS 267,212 198,582

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 266,212 197,582
SHAREHOLDERS' FUNDS 267,212 198,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Contract Flooring Services (Cambridge)
Limited (Registered number: 05233699)

Balance Sheet - continued
30 June 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 14 November 2023 and were signed on its behalf by:





D Webb - Director


Contract Flooring Services (Cambridge)
Limited (Registered number: 05233699)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Contract Flooring Services (Cambridge) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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.

Contract Flooring Services (Cambridge)
Limited (Registered number: 05233699)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 120,000
AMORTISATION
At 1 July 2022
and 30 June 2023 120,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

Contract Flooring Services (Cambridge)
Limited (Registered number: 05233699)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 253,313
Additions 46,740
At 30 June 2023 300,053
DEPRECIATION
At 1 July 2022 147,430
Charge for year 38,656
At 30 June 2023 186,086
NET BOOK VALUE
At 30 June 2023 113,967
At 30 June 2022 105,883

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 94,909
Additions 34,450
At 30 June 2023 129,359
DEPRECIATION
At 1 July 2022 27,950
Charge for year 24,571
At 30 June 2023 52,521
NET BOOK VALUE
At 30 June 2023 76,838
At 30 June 2022 66,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 544,217 383,815
Other debtors 264,063 245,654
808,280 629,469

Contract Flooring Services (Cambridge)
Limited (Registered number: 05233699)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 275,009 191,810
Hire purchase contracts 26,170 19,573
Trade creditors 363,780 316,263
Taxation and social security 47,116 42,819
Other creditors 13,285 21,064
725,360 591,529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 62,823 86,667
Hire purchase contracts 2,515 14,470
65,338 101,137