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REGISTERED NUMBER: 10220194 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 September 2023

for

CG Auto Refinishing Limited

CG Auto Refinishing Limited (Registered number: 10220194)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CG Auto Refinishing Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr C D Gregory





REGISTERED OFFICE: Fairdeal Building
Manse Lane
Knaresborough
North Yorkshire
HG5 8LF





REGISTERED NUMBER: 10220194 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

CG Auto Refinishing Limited (Registered number: 10220194)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 33,356 25,803
33,356 25,803

CURRENT ASSETS
Stocks 5,044 16,525
Debtors 5 234,887 240,211
Cash at bank and in hand 36,679 41,269
276,610 298,005
CREDITORS
Amounts falling due within one year 6 (181,210 ) (208,065 )
NET CURRENT ASSETS 95,400 89,940
TOTAL ASSETS LESS CURRENT LIABILITIES 128,756 115,743

CREDITORS
Amounts falling due after more than one
year

7

(18,713

)

(31,655

)
NET ASSETS 110,043 84,088

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,943 83,988
110,043 84,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CG Auto Refinishing Limited (Registered number: 10220194)

Balance Sheet - continued
30 September 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 director and authorised for issue on 7 February 2024 and were signed by:





Mr C D Gregory - Director


CG Auto Refinishing Limited (Registered number: 10220194)

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

CG Auto Refinishing Limited (Registered number: 10220194)

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

1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 50,000
AMORTISATION
At 1 October 2022
and 30 September 2023 50,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 75,354
Additions 14,003
At 30 September 2023 89,357
DEPRECIATION
At 1 October 2022 49,551
Charge for year 6,450
At 30 September 2023 56,001
NET BOOK VALUE
At 30 September 2023 33,356
At 30 September 2022 25,803

CG Auto Refinishing Limited (Registered number: 10220194)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,686
Other debtors 234,887 234,525
234,887 240,211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,074 9,999
Hire purchase contracts 2,517 2,166
Trade creditors 6,556 9,008
Amounts owed to associates 43,196 29,161
Taxation and social security 34,297 32,558
Other creditors 84,570 125,173
181,210 208,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,455 27,529
Hire purchase contracts 1,258 4,126
18,713 31,655