C & C Management Limited 06394806 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is that of contract cleaning. Digita Accounts Production Advanced 6.30.9574.0 true 06394806 2022-06-01 2023-05-31 06394806 2023-05-31 06394806 core:RetainedEarningsAccumulatedLosses 2023-05-31 06394806 core:ShareCapital 2023-05-31 06394806 core:CurrentFinancialInstruments 2023-05-31 06394806 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 06394806 core:Non-currentFinancialInstruments 2023-05-31 06394806 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 06394806 core:Goodwill 2023-05-31 06394806 core:MotorVehicles 2023-05-31 06394806 core:OtherPropertyPlantEquipment 2023-05-31 06394806 bus:SmallEntities 2022-06-01 2023-05-31 06394806 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06394806 bus:FullAccounts 2022-06-01 2023-05-31 06394806 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 06394806 bus:RegisteredOffice 2022-06-01 2023-05-31 06394806 bus:Director2 2022-06-01 2023-05-31 06394806 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06394806 core:Goodwill 2022-06-01 2023-05-31 06394806 core:MotorVehicles 2022-06-01 2023-05-31 06394806 core:OfficeEquipment 2022-06-01 2023-05-31 06394806 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 06394806 core:PlantMachinery 2022-06-01 2023-05-31 06394806 countries:EnglandWales 2022-06-01 2023-05-31 06394806 2022-05-31 06394806 core:Goodwill 2022-05-31 06394806 core:MotorVehicles 2022-05-31 06394806 core:OtherPropertyPlantEquipment 2022-05-31 06394806 2021-06-01 2022-05-31 06394806 2022-05-31 06394806 core:RetainedEarningsAccumulatedLosses 2022-05-31 06394806 core:ShareCapital 2022-05-31 06394806 core:CurrentFinancialInstruments 2022-05-31 06394806 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 06394806 core:Non-currentFinancialInstruments 2022-05-31 06394806 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 06394806 core:Goodwill 2022-05-31 06394806 core:MotorVehicles 2022-05-31 06394806 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 06394806

C & C Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

C & C Management Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

C & C Management Limited

(Registration number: 06394806)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

9,101

9,101

Tangible assets

5

3,161

4,215

 

12,262

13,316

Current assets

 

Debtors

6

-

2,219

Cash at bank and in hand

 

1,062

3,576

 

1,062

5,795

Creditors: Amounts falling due within one year

7

(10,865)

(8,633)

Net current liabilities

 

(9,803)

(2,838)

Total assets less current liabilities

 

2,459

10,478

Creditors: Amounts falling due after more than one year

7

(10,195)

(14,000)

Net liabilities

 

(7,736)

(3,522)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(7,738)

(3,524)

Shareholders' deficit

 

(7,736)

(3,522)

 

C & C Management Limited

(Registration number: 06394806)
Balance Sheet as at 31 May 2023

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 February 2024 and signed on its behalf by:
 

.........................................
C Kennedy
Director

 

C & C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Lisbon Drive
Burnley
Lancashire
BB11 4SA
England

These financial statements were authorised for issue by the Board on 14 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C & C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Plant and machinery

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Equally over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

C & C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

C & C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2022

16,100

16,100

At 31 May 2023

16,100

16,100

Amortisation

At 1 June 2022

6,999

6,999

At 31 May 2023

6,999

6,999

Carrying amount

At 31 May 2023

9,101

9,101

At 31 May 2022

9,101

9,101

5

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

4,800

7,936

12,736

At 31 May 2023

4,800

7,936

12,736

Depreciation

At 1 June 2022

3,281

5,240

8,521

Charge for the year

380

674

1,054

At 31 May 2023

3,661

5,914

9,575

Carrying amount

At 31 May 2023

1,139

2,022

3,161

At 31 May 2022

1,519

2,696

4,215

 

C & C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

6

Debtors

2023
£

2022
£

Other debtors

-

2,219

-

2,219

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

4,000

4,000

Trade creditors

 

612

1,003

Taxation and social security

 

201

2,747

Accruals and deferred income

 

913

883

Other creditors

 

5,139

-

 

10,865

8,633

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

10,195

14,000

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

10,195

14,000

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,000

4,000