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REGISTERED NUMBER: 12769008 (England and Wales)













C&I COMMERCIALS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






C&I COMMERCIALS LIMITED (REGISTERED NUMBER: 12769008)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C&I COMMERCIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M A Poole





REGISTERED OFFICE: 3 New Mill Court
Enterprise Park
Swansea
SA7 9FG





REGISTERED NUMBER: 12769008 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

C&I COMMERCIALS LIMITED (REGISTERED NUMBER: 12769008)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,473 1,718
Tangible assets 5 932,780 871,890
934,253 873,608

CURRENT ASSETS
Stocks 12,182 21,184
Debtors 6 170,091 167,678
Cash at bank 44,451 23,278
226,724 212,140
CREDITORS
Amounts falling due within one year 7 520,670 542,561
NET CURRENT LIABILITIES (293,946 ) (330,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 640,307 543,187

CREDITORS
Amounts falling due after more than one
year

8

(441,780

)

(453,294

)

PROVISIONS FOR LIABILITIES (40,874 ) (19,236 )
NET ASSETS 157,653 70,657

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 157,553 70,557
157,653 70,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

C&I COMMERCIALS LIMITED (REGISTERED NUMBER: 12769008)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2024 and were signed by:





M A Poole - Director


C&I COMMERCIALS LIMITED (REGISTERED NUMBER: 12769008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

C&I Commercials Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 10% on reducing balance
Computer equipment - 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


C&I COMMERCIALS LIMITED (REGISTERED NUMBER: 12769008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022 2,148
Additions 221
At 31 July 2023 2,369
AMORTISATION
At 1 August 2022 430
Charge for year 466
At 31 July 2023 896
NET BOOK VALUE
At 31 July 2023 1,473
At 31 July 2022 1,718

C&I COMMERCIALS LIMITED (REGISTERED NUMBER: 12769008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 301,581 9,051 644,926 1,583 957,141
Additions 60,800 - 126,501 499 187,800
Disposals (1,470 ) (4,600 ) (24,420 ) - (30,490 )
At 31 July 2023 360,911 4,451 747,007 2,082 1,114,451
DEPRECIATION
At 1 August 2022 28,105 1,907 55,066 173 85,251
Charge for year 31,383 891 67,268 171 99,713
Eliminated on disposal (781 ) (686 ) (1,826 ) - (3,293 )
At 31 July 2023 58,707 2,112 120,508 344 181,671
NET BOOK VALUE
At 31 July 2023 302,204 2,339 626,499 1,738 932,780
At 31 July 2022 273,476 7,144 589,860 1,410 871,890

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 165,039 153,876
Other debtors 5,052 13,802
170,091 167,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 238,650 248,037
Trade creditors 74,794 168,272
Taxation and social security 151,331 100,409
Other creditors 55,895 25,843
520,670 542,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 364,187 417,294
Other creditors 77,593 36,000
441,780 453,294