2022-03-012023-02-282023-02-28false11544421C&B VENTURES 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C&B VENTURES LIMITED

Registered Number
11544421
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

C&B VENTURES LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

BALL, Matthew Richard Oliver
CROOK, Christopher Steven

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

11544421 (England and Wales)
C&B VENTURES LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5103,133119,000
Tangible assets6165,020201,292
268,153320,292
Current assets
Stocks13,01314,403
Debtors9147,30421,746
Cash at bank and on hand98,514289,389
258,831325,538
Creditors amounts falling due within one year10(301,222)(265,058)
Net current assets (liabilities)(42,391)60,480
Total assets less current liabilities225,762380,772
Creditors amounts falling due after one year11(200,049)(291,146)
Net assets25,71389,626
Capital and reserves
Called up share capital100100
Profit and loss account25,61389,526
Shareholders' funds25,71389,626
The financial statements were approved and authorised for issue by the Board of Directors on 22 November 2023, and are signed on its behalf by:
CROOK, Christopher Steven
Director
Registered Company No. 11544421
C&B VENTURES LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Intangible assets policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year3535
5.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 March 22158,667158,667
At 28 February 23158,667158,667
Amortisation and impairment
At 01 March 2239,66739,667
Charge for year15,86715,867
At 28 February 2355,53455,534
Net book value
At 28 February 23103,133103,133
At 28 February 22119,000119,000
6.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 March 22236,224-75,96018,994331,178
Additions65114,5684,3122,71822,249
Disposals(11,711)--(1,919)(13,630)
At 28 February 23225,16414,56880,27219,793339,797
Depreciation and impairment
At 01 March 22112,802-14,7522,332129,886
Charge for year29,6341,51715,9874,38251,520
On disposals(6,066)--(563)(6,629)
At 28 February 23136,3701,51730,7396,151174,777
Net book value
At 28 February 2388,79413,05149,53313,642165,020
At 28 February 22123,422-61,20816,662201,292
7.Description of nature of transactions and balances with related parties
Included in other creditors is the directors' current account balance of £44,383 (2022: £45,551) which relates to the directors. Amounts owed to related parties of £64,666 (2022: £37,346) relates to 2 Degrees West Holdings Ltd, this is the holding company.
8.Dividends proposed and payable

2023

2022

££
Dividends Paid50,000-
Total50,000-
9.Debtors

2023

2022

££
Trade debtors / trade receivables11,8179,035
Other debtors123,5888,234
Prepayments and accrued income11,8994,477
Total147,30421,746
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables47,22049,826
Bank borrowings and overdrafts104,67691,588
Amounts owed to related parties64,66637,346
Taxation and social security38,87219,495
Other creditors44,38346,922
Accrued liabilities and deferred income1,40519,881
Total301,222265,058
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts200,049291,146
Total200,049291,146