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REGISTERED NUMBER: 03926434 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

CET Limited

CET Limited (Registered number: 03926434)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CET Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C Edgar





SECRETARY: Mrs C Nelson





REGISTERED OFFICE: Unit 7 Meadow Lane Ind Est
Gordon Road
Loughborough
LE11 1JP





REGISTERED NUMBER: 03926434 (England and Wales)





ACCOUNTANTS: ASC Wylie UBU Ltd
Qualified Accountants, Tax & Business Advisors
7 Lisburn Street
Royal Hillsborough
Co. Down
BT26 6AB

CET Limited (Registered number: 03926434)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,543 10,705

CURRENT ASSETS
Stocks 247,773 231,643
Debtors 5 43,002 37,219
Cash at bank and in hand 119,817 176,053
410,592 444,915
CREDITORS
Amounts falling due within one year 6 253,295 298,500
NET CURRENT ASSETS 157,297 146,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,840

157,120

PROVISIONS FOR LIABILITIES 2,942 1,769
NET ASSETS 170,898 155,351

CAPITAL AND RESERVES
Called up share capital 80,000 80,000
Retained earnings 90,898 75,351
170,898 155,351

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

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 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.

CET Limited (Registered number: 03926434)

Balance Sheet - continued
31 July 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 23 April 2024 and were signed by:





C Edgar - Director


CET Limited (Registered number: 03926434)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

CET 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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% 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.

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.

CET Limited (Registered number: 03926434)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 78,561 60,386 11,437
Additions - 2,060 8,325
At 31 July 2023 78,561 62,446 19,762
DEPRECIATION
At 1 August 2022 77,166 60,114 5,014
Charge for year 334 944 2,950
At 31 July 2023 77,500 61,058 7,964
NET BOOK VALUE
At 31 July 2023 1,061 1,388 11,798
At 31 July 2022 1,395 272 6,423

CET Limited (Registered number: 03926434)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 11,500 3,977 165,861
Additions - 310 10,695
At 31 July 2023 11,500 4,287 176,556
DEPRECIATION
At 1 August 2022 10,636 2,226 155,156
Charge for year 216 413 4,857
At 31 July 2023 10,852 2,639 160,013
NET BOOK VALUE
At 31 July 2023 648 1,648 16,543
At 31 July 2022 864 1,751 10,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,638 2,436
Other debtors 27,364 34,783
43,002 37,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 4,662 21,450
Trade creditors 30,145 95,076
Taxation and social security 8,488 54,883
Other creditors 210,000 127,091
253,295 298,500