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REGISTERED NUMBER: 12560505 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CUSTOMAT LIMITED

CUSTOMAT LIMITED (REGISTERED NUMBER: 12560505)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUSTOMAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: O S Gibson
Miss C Whitcombe





SECRETARY:





REGISTERED OFFICE: 124 High Street
Midsomer Norton
Radstock
BA3 2DA





REGISTERED NUMBER: 12560505 (England and Wales)





ACCOUNTANTS: PG Owen Limited
Chartered Accountants
124 High Street
Midsomer Norton
Bath
BA3 2DA

CUSTOMAT LIMITED (REGISTERED NUMBER: 12560505)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 76,000 114,000
Tangible assets 5 40,511 42,348
116,511 156,348

CURRENT ASSETS
Stocks 37,229 62,048
Debtors 6 136,728 20,173
Cash at bank 54,253 197,084
228,210 279,305
CREDITORS
Amounts falling due within one year 7 138,561 185,199
NET CURRENT ASSETS 89,649 94,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,160

250,454

CAPITAL AND RESERVES
Called up share capital 200,020 200,030
Capital redemption reserve 10 -
Retained earnings 6,130 50,424
206,160 250,454

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CUSTOMAT LIMITED (REGISTERED NUMBER: 12560505)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





O S Gibson - Director


CUSTOMAT LIMITED (REGISTERED NUMBER: 12560505)

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

1. STATUTORY INFORMATION

Customat 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

CUSTOMAT LIMITED (REGISTERED NUMBER: 12560505)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 190,000
AMORTISATION
At 1 July 2022 76,000
Amortisation for year 38,000
At 30 June 2023 114,000
NET BOOK VALUE
At 30 June 2023 76,000
At 30 June 2022 114,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 60,831 852 7,869 69,552
Additions - 14,198 - 14,198
At 30 June 2023 60,831 15,050 7,869 83,750
DEPRECIATION
At 1 July 2022 21,857 373 4,974 27,204
Charge for year 9,744 3,669 2,622 16,035
At 30 June 2023 31,601 4,042 7,596 43,239
NET BOOK VALUE
At 30 June 2023 29,230 11,008 273 40,511
At 30 June 2022 38,974 479 2,895 42,348

CUSTOMAT LIMITED (REGISTERED NUMBER: 12560505)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 16,829
Other debtors 50,995 -
Directors' current accounts 85,733 3,344
136,728 20,173

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,820 79,055
Tax 99,433 71,978
Social security and other taxes 32,754 16,557
Directors' current accounts - 14,036
Accrued expenses 1,554 3,573
138,561 185,199