Registered number
04385315
CGA Personnel Limited
Filleted Accounts
31 March 2023
CGA Personnel Limited
Registered number: 04385315
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 1,382 1,845
Current assets
Debtors 5 21,386 52,955
Cash at bank and in hand 91,283 85,680
112,669 138,635
Creditors: amounts falling due within one year 6 (91,986) (108,590)
Net current assets 20,683 30,045
Total assets less current liabilities 22,065 31,890
Creditors: amounts falling due after more than one year 7 (21,667) (31,667)
Net assets 398 223
Capital and reserves
Called up share capital 501 501
Profit and loss account (103) (278)
Shareholders' funds 398 223
The director is 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 director acknowledges his 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.
Sarah J Harrison
Director
Approved by the board on 22 December 2023
CGA Personnel Limited
Notes to the Accounts
for the year ended 31 March 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 25% reducing balance
Motor vehicles 25% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 28 28
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 132,067
At 31 March 2023 132,067
Amortisation
At 1 April 2022 132,067
At 31 March 2023 132,067
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 26,337 11,019 37,356
At 31 March 2023 26,337 11,019 37,356
Depreciation
At 1 April 2022 24,492 11,019 35,511
Charge for the year 463 - 463
At 31 March 2023 24,955 11,019 35,974
Net book value
At 31 March 2023 1,382 - 1,382
At 31 March 2022 1,845 - 1,845
5 Debtors 2023 2022
£ £
Trade debtors 20,958 52,501
Other debtors 428 454
21,386 52,955
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,979 2,384
Taxation and social security costs 39,167 52,436
Other creditors 38,840 43,770
91,986 108,590
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,667 31,667
8 Other information
CGA Personnel Limited is a private company limited by shares and incorporated in England. Its registered office is:
4A Kenn Road
Clevedon
Somerset
BS21 6JB
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