Registered number
07717884
CBE Building & Maintenance Ltd
Unaudited Filleted Accounts
31 July 2023
CBE Building & Maintenance Ltd
Registered number: 07717884
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 53,049 26,349
Current assets
Stocks 134,724 60,348
Debtors 4 128,744 107,793
Cash at bank and in hand 178,803 77,993
442,271 246,134
Creditors: amounts falling due within one year 5 (277,556) (193,609)
Net current assets 164,715 52,525
Total assets less current liabilities 217,764 78,874
Creditors: amounts falling due after more than one year 6 (7,380) (11,710)
Net assets 210,384 67,164
Capital and reserves
Called up share capital 3 3
Profit and loss account 210,381 67,161
Shareholders' funds 210,384 67,164
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.
S Lindop
Director
Approved by the board on 29 February 2024
CBE Building & Maintenance Ltd
Notes to the Accounts
for the year ended 31 July 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.
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:
Fixtures and fittings 15% reducing balance
Office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 16 16
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 16,219 58,860 75,079
Additions - 36,495 36,495
At 31 July 2023 16,219 95,355 111,574
Depreciation
At 1 August 2022 14,753 33,977 48,730
Charge for the year 220 9,575 9,795
At 31 July 2023 14,973 43,552 58,525
Net book value
At 31 July 2023 1,246 51,803 53,049
At 31 July 2022 1,466 24,883 26,349
4 Debtors 2023 2022
£ £
Trade debtors 128,244 107,293
Other debtors 500 500
128,744 107,793
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,259 4,259
Trade creditors 97,189 63,494
Taxation and social security costs 152,920 95,340
Other creditors 23,188 30,516
277,556 193,609
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,380 11,710
7 Other information
CBE Building & Maintenance Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Mary's Road
Garston
Liverpool
Merseyside
L19 0NQ
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