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Cabinet Masters North West Limited
Registered Number:07509489
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Cabinet Masters North West Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07509489
As at 31 July 2023
Cabinet Masters North West Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
55,862
79,504
2
55,862
79,504
Current assets
Inventories
23,032
20,336
3
Trade and other receivables
20,320
18,500
4
42,381
Cash and cash equivalents
42,380
81,216
85,733
Trade and other payables: amounts falling due within one year
(81,406)
(82,473)
5
4,327
(1,257)
Net current liabilities
Total assets less current liabilities
54,605
83,831
Trade and other payables: amounts falling due after more than
one year
(54,059)
(41,558)
6
13,047
Net assets
29,772
Capital and reserves
Called up share capital
100
100
Retained earnings
12,947
29,672
13,047
29,772
Shareholders' funds
For the year ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs A Hampson Director
These financial statements were approved and authorised for issue by the Board on 04 April 2024 and were signed by:
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4
Registered Number :
07509489
For the year ended 31 July 2023
Cabinet Masters North West Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 July 2023
Cabinet Masters North West Limited
Notes to the Financial Statements
Statutory Information
Cabinet Masters North West Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07509489.
Principal place of business:
Unit 4
Conway Industrial Estate
Skull House Lane
Appley Bridge
WN6 9DW
Registered address:
39 Skull House Lane
Appley Bridge
Wigan
Lancashire
WN6 9DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
33% Reducing balance
Computer equipment
33% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 31 July 2023
Cabinet Masters North West Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 August 2022
122,902
3,942
2,142
15,000
101,818
141
141
-
-
-
Additions
-
-
(5,000)
-
Disposals
(5,000)
At 31 July 2023
10,000
2,142
4,083
118,043
101,818
Provision for depreciation and impairment
At 01 August 2022
43,398
2,145
1,784
1,641
37,828
Charge for year
18,783
600
96
2,089
15,998
At 31 July 2023
62,181
2,745
1,880
3,730
53,826
At 31 July 2023
Net book value
47,992
6,270
262
1,338
55,862
At 31 July 2022
63,990
13,359
358
1,797
79,504
3. Inventories
2022
2023
£
£
Stocks
20,336
23,032
4. Trade and other receivables
2022
2023
£
£
Trade debtors
14,659
15,665
Other debtors
3,841
4,655
20,320
18,500
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
17,222
17,320
Trade creditors
33,667
37,136
Taxation and social security
28,529
23,538
Other creditors
3,055
3,412
82,473
81,406
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7
For the year ended 31 July 2023
Cabinet Masters North West Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
41,558
54,059
7. Average number of persons employed
During the year the average number of employees was 9 (2022 : 10)
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