Registered number
11390464
C J R Ceilings & Partitions Limited
Filleted Accounts
31 May 2023
C J R Ceilings & Partitions Limited
Registered number: 11390464
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 40,469 26,177
Current assets
Debtors 4 364,757 529,722
Cash at bank and in hand 266,671 50,541
631,428 580,263
Creditors: amounts falling due within one year 5 (591,388) (544,258)
Net current assets 40,040 36,005
Total assets less current liabilities 80,509 62,182
Creditors: amounts falling due after more than one year 6 (38,682) (32,933)
Net assets 41,827 29,249
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,727 29,149
Shareholder's funds 41,827 29,249
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Jodie Winter
Director
Approved by the board on 9 April 2024 and signed on its behalf
C J R Ceilings & Partitions Limited
Notes to the Accounts
for the year ended 31 May 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:
Motor vehicles 15% reducing balance
Fixtures, fittings, tools and equipment 15% 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 5,000 30,135 35,135
Additions - 30,089 30,089
Disposals - (10,635) (10,635)
At 31 May 2023 5,000 49,589 54,589
Depreciation
At 1 June 2022 1,929 7,029 8,958
Charge for the year 460 6,856 7,316
On disposals - (2,154) (2,154)
At 31 May 2023 2,389 11,731 14,120
Net book value
At 31 May 2023 2,611 37,858 40,469
At 31 May 2022 3,071 23,106 26,177
4 Debtors 2023 2022
£ £
Trade debtors 325,814 500,536
Other debtors 38,943 29,186
364,757 529,722
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,188 10,000
Trade creditors 420,813 183,646
Taxation and social security costs 83,853 259,554
Other creditors 78,534 91,058
591,388 544,258
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,349 32,933
Other creditors 13,333 -
38,682 32,933
7 Controlling party
The company is controlled by Mr Craig Rushton.
8 Other information
C J R Ceilings & Partitions Limited is a private company limited by shares and incorporated in England. Its registered office is:
56 Johnson Road
Cannock
WS11 4BB
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