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Registration number: 02147934

CCE Projects Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

CCE Projects Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

CCE Projects Limited

Company Information

Directors

Mrs C McCall

Mr S McCall

Company secretary

Mrs C McCall

Registered office

Woodpeckers
Drift Road
Whitehill
Bordon
Hampshire
GU35 9DZ

Accountants

Howard Smith & Co Limited
Chartered Accountants
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

 

CCE Projects Limited

(Registration number: 02147934)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

24,103

24,623

Current assets

 

Stocks

5

395,800

343,000

Debtors

6

80,948

26,830

Cash at bank and in hand

 

329,803

57,837

 

806,551

427,667

Creditors: Amounts falling due within one year

7

(577,964)

(173,705)

Net current assets

 

228,587

253,962

Total assets less current liabilities

 

252,690

278,585

Creditors: Amounts falling due after more than one year

7

(37,500)

(137,500)

Provisions for liabilities

(6,026)

(5,305)

Net assets

 

209,164

135,780

Capital and reserves

 

Called up share capital

1,500

1,500

Retained earnings

207,664

134,280

Shareholders' funds

 

209,164

135,780

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 November 2023 and signed on its behalf by:
 

 

CCE Projects Limited

(Registration number: 02147934)
Balance Sheet as at 31 July 2023

.........................................
Mr S McCall
Director

 

CCE Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Woodpeckers
Drift Road
Whitehill
Bordon
Hampshire
GU35 9DZ

These financial statements were authorised for issue by the Board on 23 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CCE Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2022 - 10).

 

CCE Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

94,625

50,990

145,615

Additions

8,228

-

8,228

Disposals

(5,510)

-

(5,510)

At 31 July 2023

97,343

50,990

148,333

Depreciation

At 1 August 2022

84,841

36,151

120,992

Charge for the year

3,568

3,710

7,278

Eliminated on disposal

(4,040)

-

(4,040)

At 31 July 2023

84,369

39,861

124,230

Carrying amount

At 31 July 2023

12,974

11,129

24,103

At 31 July 2022

9,784

14,839

24,623

5

Stocks

2023
£

2022
£

Work in progress

391,300

338,500

Other inventories

4,500

4,500

395,800

343,000

6

Debtors

Current

2023
£

2022
£

Prepayments

3,490

3,598

Other debtors

77,458

23,232

 

80,948

26,830

 

CCE Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

50,000

50,000

Trade creditors

 

427,704

69,259

Taxation and social security

 

89,512

38,147

Accruals and deferred income

 

4,250

3,975

Other creditors

 

6,498

12,324

 

577,964

173,705

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

37,500

137,500

 

CCE Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

37,500

137,500

2023
£

2022
£

Current loans and borrowings

Other borrowings

50,000

50,000

9

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £106.67 (2022 - £33.33) per each Ordinary

 

160,000

 

50,000

         

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

17,867

18,189

Contributions paid to money purchase schemes

240,000

40,000

257,867

58,189