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REGISTERED NUMBER: 06575927 (England and Wales)















Cern Surfacing Limited

Unaudited Financial Statements for the Year Ended 30 April 2023






Cern Surfacing Limited (Registered number: 06575927)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cern Surfacing Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: R Stapley





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Woodside
262 Wateringbury Road
East Malling
Kent
ME19 6JH





REGISTERED NUMBER: 06575927 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Cern Surfacing Limited (Registered number: 06575927)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,380 363,161

CURRENT ASSETS
Debtors 5 301,984 149,483
Cash at bank 18,101 47,021
320,085 196,504
CREDITORS
Amounts falling due within one year 6 227,719 209,691
NET CURRENT ASSETS/(LIABILITIES) 92,366 (13,187 )
TOTAL ASSETS LESS CURRENT LIABILITIES 379,746 349,974

CREDITORS
Amounts falling due after more than one
year

7

(150,572

)

(228,321

)

PROVISIONS FOR LIABILITIES (71,844 ) (69,000 )
NET ASSETS 157,330 52,653

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 157,230 52,553
SHAREHOLDERS' FUNDS 157,330 52,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cern Surfacing Limited (Registered number: 06575927)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:





R Stapley - Director


Cern Surfacing Limited (Registered number: 06575927)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Cern Surfacing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Cern Surfacing Limited (Registered number: 06575927)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 520,754
Additions 43,995
Disposals (20,000 )
At 30 April 2023 544,749
DEPRECIATION
At 1 May 2022 157,593
Charge for year 99,776
At 30 April 2023 257,369
NET BOOK VALUE
At 30 April 2023 287,380
At 30 April 2022 363,161

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 356,908
DEPRECIATION
At 1 May 2022 72,220
Charge for year 71,382
At 30 April 2023 143,602
NET BOOK VALUE
At 30 April 2023 213,306
At 30 April 2022 284,688

Cern Surfacing Limited (Registered number: 06575927)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 206,207 100,078
Other debtors 95,777 49,405
301,984 149,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,932
Hire purchase contracts 74,015 95,899
Trade creditors 50,738 55,587
Taxation and social security 64,642 7,436
Other creditors 28,324 40,837
227,719 209,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,103 32,836
Hire purchase contracts 127,469 195,485
150,572 228,321

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 201,484 291,384

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
R Stapley
Balance outstanding at start of year - 15,340
Amounts advanced - 16,896
Amounts repaid - (32,236 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -