Company Registration No. 11364516 (England and Wales)
CEBU FACILITIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 NOVEMBER 2022
PAGES FOR FILING WITH REGISTRAR
CEBU FACILITIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CEBU FACILITIES LIMITED
BALANCE SHEET
AS AT 29 NOVEMBER 2022
29 November 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,855
4,816
Tangible assets
4
20,086
18,862
21,941
23,678
Current assets
Stocks
101,237
27,899
Debtors
5
418,780
188,886
Cash at bank and in hand
3,877
39,333
523,894
256,118
Creditors: amounts falling due within one year
6
(493,883)
(206,241)
Net current assets
30,011
49,877
Total assets less current liabilities
51,952
73,555
Provisions for liabilities
7
(3,439)
(1,114)
Net assets
48,513
72,441
Capital and reserves
Called up share capital
8
10
10
Profit and loss reserves
48,503
72,431
Total equity
48,513
72,441
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 29 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CEBU FACILITIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 29 NOVEMBER 2022
29 November 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 20 November 2023.
Mr J E Howson Snr
Director
Company Registration No. 11364516
CEBU FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 NOVEMBER 2022
- 3 -
1
Accounting policies
Company information
CEBU Facilities Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit E11, Holly Farm Business Park, Honiley, Kenilworth, Warwickshire, CV8 1NP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website development
5 years
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Cleaning equipment
20% on reducing balance
Computer equipment
20% on reducing balance
1.5
Stocks
Stocks are 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 stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
CEBU FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 NOVEMBER 2022
1
Accounting policies
(Continued)
- 4 -
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 176 (2021 - 145).
CEBU FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 NOVEMBER 2022
- 5 -
3
Intangible fixed assets
Website development
£
Cost
At 1 December 2021 and 29 November 2022
14,806
Amortisation and impairment
At 1 December 2021
9,990
Amortisation charged for the period
2,961
At 29 November 2022
12,951
Carrying amount
At 29 November 2022
1,855
At 30 November 2021
4,816
4
Tangible fixed assets
Cleaning equipment
Computer equipment
Total
£
£
£
Cost
At 1 December 2021
15,000
6,311
21,311
Additions
4,238
2,012
6,250
At 29 November 2022
19,238
8,323
27,561
Depreciation and impairment
At 1 December 2021
2,000
449
2,449
Depreciation charged in the period
3,449
1,577
5,026
At 29 November 2022
5,449
2,026
7,475
Carrying amount
At 29 November 2022
13,789
6,297
20,086
At 30 November 2021
13,000
5,862
18,862
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
123,190
77,072
Other debtors
295,590
111,814
418,780
188,886
CEBU FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 NOVEMBER 2022
- 6 -
6
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
41,027
45,104
Taxation and social security
445,638
153,059
Other creditors
7,218
8,078
493,883
206,241
7
Provisions for liabilities
2022
2021
£
£
Deferred tax liabilities
3,439
1,114
8
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
8 Ordinary A of £1 each
8
10
2 Ordinary B of £1 each
2
-
10
10
During the period the company passed an ordinary resolution to convert 2 Ordinary A shares of £1 each into 2 Ordinary B shares of £1 each. All rights and privileges attached to the shares remain unaltered.
9
Ultimate controlling party
The ultimate controlling party is Mr J E Howson.