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REGISTERED NUMBER: 05600287 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CGS (HAVERHILL) LIMITED

CGS (HAVERHILL) LIMITED (REGISTERED NUMBER: 05600287)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CGS (HAVERHILL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: C Simpkin
Mrs G Simpkin





REGISTERED OFFICE: 5 Boundary Road
Haverhill
Suffolk
CB9 7YH





REGISTERED NUMBER: 05600287 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

CGS (HAVERHILL) LIMITED (REGISTERED NUMBER: 05600287)

BALANCE SHEET
31 OCTOBER 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
35,298 Tangible assets 4 28,813

CURRENT ASSETS
80,818 Stocks 70,423
38,436 Debtors 5 35,616
85,444 Cash at bank 75,468
204,698 181,507
CREDITORS
62,008 Amounts falling due within one year 6 66,344
142,690 NET CURRENT ASSETS 115,163
177,988 TOTAL ASSETS LESS CURRENT
LIABILITIES

143,976

CREDITORS
(31,587 ) Amounts falling due after more than one
year

7

(21,477

)

(6,707 ) PROVISIONS FOR LIABILITIES (5,474 )
139,694 NET ASSETS 117,025

CAPITAL AND RESERVES
5 Called up share capital 5
139,689 Retained earnings 117,020
139,694 SHAREHOLDERS' FUNDS 117,025

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

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

The directors acknowledge their 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.

CGS (HAVERHILL) LIMITED (REGISTERED NUMBER: 05600287)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





C Simpkin - Director


CGS (HAVERHILL) LIMITED (REGISTERED NUMBER: 05600287)

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

1. STATUTORY INFORMATION

CGS (Haverhill) 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.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances.

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 - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


CGS (HAVERHILL) LIMITED (REGISTERED NUMBER: 05600287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and Office Motor and
Totals machinery equipment vehicles fittings
£    £    £    £    £   
COST
At 1 November 2022 91,076 37,265 16,260 20,275 17,276
Additions 3,786 486 2,136 - 1,164
Disposals (3,327 ) (537 ) (2,790 ) - -
At 31 October 2023 91,535 37,214 15,606 20,275 18,440
DEPRECIATION
At 1 November 2022 55,778 28,959 13,053 8,871 4,895
Charge for year 9,616 2,164 1,212 2,851 3,389
Eliminated on disposal (2,672 ) (385 ) (2,287 ) - -
At 31 October 2023 62,722 30,738 11,978 11,722 8,284
NET BOOK VALUE
At 31 October 2023 28,813 6,476 3,628 8,553 10,156
At 31 October 2022 35,298 8,306 3,207 11,404 12,381

CGS (HAVERHILL) LIMITED (REGISTERED NUMBER: 05600287)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 22,845 26,799
Other debtors 12,771 11,637
35,616 38,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 9,724
Trade creditors 29,352 23,530
Taxation and social security 25,379 27,363
Other creditors 1,613 1,391
66,344 62,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 21,477 31,587