Registered number
09258763
C B Protection Limited
Filleted Accounts
28 February 2023
C B Protection Limited
Registered number: 09258763
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 6,000 6,500
Tangible assets 4 132,115 74,041
138,115 80,541
Current assets
Debtors 5 103,948 170,890
Cash at bank and in hand 59,412 82,904
163,360 253,794
Creditors: amounts falling due within one year 6 (57,730) (144,418)
Net current assets 105,630 109,376
Total assets less current liabilities 243,745 189,917
Creditors: amounts falling due after more than one year 7 - (15,960)
Provisions for liabilities (11,290) (5,708)
Net assets 232,455 168,249
Capital and reserves
Called up share capital 100 100
Profit and loss account 232,355 168,149
Shareholders' funds 232,455 168,249
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C. Booton
Director
Approved by the board on 10 October 2023
C B Protection Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Commercial vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 10,000
At 28 February 2023 10,000
Amortisation
At 1 March 2022 3,500
Provided during the year 500
At 28 February 2023 4,000
Net book value
At 28 February 2023 6,000
At 28 February 2022 6,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2022 4,695 28,386 86,838 119,919
Additions 68,000 7,259 - 75,259
At 28 February 2023 72,695 35,645 86,838 195,178
Depreciation
At 1 March 2022 - 19,341 26,537 45,878
Charge for the year - 5,125 12,060 17,185
At 28 February 2023 - 24,466 38,597 63,063
Net book value
At 28 February 2023 72,695 11,179 48,241 132,115
At 28 February 2022 4,695 9,045 60,301 74,041
5 Debtors 2023 2022
£ £
Trade debtors 103,948 102,890
Other debtors - 68,000
103,948 170,890
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 3,988
Trade creditors - 54,167
Corporation tax 21,786 25,256
Other taxes and social security costs 19,232 43,413
Director's account 16,148 17,032
Other creditors 564 562
57,730 144,418
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 15,960
8 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr C. Booton
Current account 17,032 28,461 (29,345) 16,148
17,032 28,461 (29,345) 16,148
9 Controlling party
The company is under the control of Mr C. Booton, the director, who owns 100% of the issued share capital of the company.
10 Other information
C B Protection Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Holmer Terrace
Holmer
Hereford
HR4 9RH
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