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REGISTERED NUMBER: 10300654 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2023

FOR

C.G.S. PROJECTS LIMITED

C.G.S. PROJECTS LIMITED (REGISTERED NUMBER: 10300654)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.G.S. PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JULY 2023







DIRECTOR: Mr C G Smith





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 10300654 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

C.G.S. PROJECTS LIMITED (REGISTERED NUMBER: 10300654)

STATEMENT OF FINANCIAL POSITION
30 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,048 530

CURRENT ASSETS
Stocks 5 836,353 549,955
Debtors 6 3,443 17,505
Cash at bank 18,846 8,328
858,642 575,788
CREDITORS
Amounts falling due within one year 7 973,986 531,749
NET CURRENT (LIABILITIES)/ASSETS (115,344 ) 44,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

(104,296

)

44,569

CREDITORS
Amounts falling due after more than one year 8 11,000 17,000
NET (LIABILITIES)/ASSETS (115,296 ) 27,569

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (115,396 ) 27,469
SHAREHOLDERS' FUNDS (115,296 ) 27,569

C.G.S. PROJECTS LIMITED (REGISTERED NUMBER: 10300654)

STATEMENT OF FINANCIAL POSITION - continued
30 JULY 2023


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:





Mr C G Smith - Director


C.G.S. PROJECTS LIMITED (REGISTERED NUMBER: 10300654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023


1. STATUTORY INFORMATION

C.G.S. Projects 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.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

C.G.S. PROJECTS LIMITED (REGISTERED NUMBER: 10300654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 31 July 2022 791
Additions 12,943
At 30 July 2023 13,734
Depreciation
At 31 July 2022 261
Charge for year 2,425
At 30 July 2023 2,686
Net book value
At 30 July 2023 11,048
At 30 July 2022 530

5. STOCKS
2023 2022
£    £   
Work-in-progress 836,353 549,955

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,443 17,505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 750 295
Taxation and social security 2,791 -
Other creditors 964,445 525,454
973,986 531,749

At 30th July 2023, there exists a fixed charge in favour of Shawbrook Bank Limited dated 29th May 2018 secured against freehold property held by the company 1 Old Lydd Road, Camber, East Guldeford, Rye, East Sussex, TN31 7RE.

C.G.S. PROJECTS LIMITED (REGISTERED NUMBER: 10300654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JULY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 11,000 17,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100