2022-08-01 2023-07-31 03572606 Cornwall Appliance Services Ltd. false 03572606 2022-08-01 2023-07-31 03572606 uk-bus:Director1 2022-08-01 2023-07-31 03572606 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03572606 uk-bus:SmallEntities 2022-08-01 2023-07-31 03572606 uk-bus:FullAccounts 2022-08-01 2023-07-31 03572606 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03572606 2022-08-01 03572606 2023-07-31 03572606 2022-07-31 xbrli:pure iso4217:GBP 03572606 2021-08-01 2022-07-31
Company Registration Number : 03572606 (England and Wales)
03572606
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
Cornwall Appliance Services Ltd.
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
Cornwall Appliance Services Ltd.
Unaudited filleted financial statements
For the year ended 31 July 2023
Cornwall Appliance Services Ltd.
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Cornwall Appliance Services Ltd.
Company Information
For the year ended 31 July 2023

Company registration number 03572606 (England and Wales)
Directors Mr A Charman
Mr M Charman
Registered office address Alpha House
40 Coinagehall Street
Helston
Cornwall
TR13 8EQ
Accountant Kitchen and Brown Accountants Ltd
40 Coinagehall Street
Helston
Cornwall
TR13 8EQ
Cornwall Appliance Services Ltd.
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 297,913 305,370
Investments 1,590 1,590
299,503 306,960
Current assets
Inventories 104,835 108,827
Debtors 4 232,586 11,916
Cash and cash equivalents 205,792 315,719
543,213 436,462
Current liabilities
Creditors: Amounts falling due within one year 5 (113,456) (67,586)
(113,456) (67,586)
Net current assets/(liabilities) 429,757 368,876
Total assets less current liabilities 729,260 675,836
Non-current liabilities
Provision for liabilities (4,100) (4,500)
Net assets/(liabilities) 725,160 671,336
Capital and reserves
Called up share capital 100 100
Retained earnings 725,060 671,236
Shareholder's funds 725,160 671,336
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 06 February 2024
.............................
Mr M Charman (Director)
Company registration number: 03572606
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Fixed Assets 299,503 306,960
Current Assets 536,291 427,881
Prepayments and accrued income 6,922 8,581
Creditors: amounts falling due within one year (113,456) (67,586)
Net current assets (liabilities) 429,757 368,876
Total assets less current liabilities 729,260 675,836
Provisions for liabilities (4,100) (4,500)
Net Assets (liabilities) 725,160 671,336
Capital and Reserves 725,160 671,336
For the year ending 7/31/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-07-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 06 February 2024 2024-02-08 and signed on behalf of the board,
.............................
Mr M Charman
Director
Company registration number: 03572606
Cornwall Appliance Services Ltd.
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Alpha House, 40 Coinagehall Street, Helston, Cornwall, TR13 8EQ.

(2) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound sterling (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 20 years. Goodwill amortisation is included within administration expenses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings2% straight line
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings10% reducing balance
Equipment20% reducing balance
Motor Cars20% reducing balance
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively
enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and
deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are
recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also
recognised in other comprehensive income or directly in equity respectively.

(3) Employees
During the year, the average number of employees including director was 8 (2022 : 8).

(4) Debtors
Amounts falling due within one year
2023 2022
£ £
Trade debtors - 750
Other debtors 225,664 2,585
Prepayments and accrued income 6,922 8,581
232,586 11,916

(5) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 55,513 16,563
Other taxes and social security 18,558 15,832
Other creditors 33,290 32,376
Accruals and deferred income 6,096 2,815
113,457 67,586

(6) Related party transactions
At the reporting date £222,188 (2022: Nil) was owed by Cornwall Appliances Holdings Ltd in respect of a short – term interest free loan repayable on demand.