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Registration number: 02210886

CG & D Heal Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

CG & D Heal Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 12

 

CG & D Heal Limited

Company Information

Directors

Mr C G Heal

Mrs D Heal

Mrs A Wood

Mrs C Kirby

Company secretary

Mrs D Heal

Registered office

Latteridge Green Farm
Iron Acton
Bristol
BS37 9TS

Accountants

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
CG & D Heal Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CG & D Heal Limited for the year ended 30 November 2023 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of CG & D Heal Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CG & D Heal Limited and state those matters that we have agreed to state to the Board of Directors of CG & D Heal Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CG & D Heal Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CG & D Heal Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CG & D Heal Limited. You consider that CG & D Heal Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CG & D Heal Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

16 February 2024

 

CG & D Heal Limited

(Registration number: 02210886)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

4,102,982

4,006,532

Current assets

 

Stocks

6

151,049

178,998

Debtors

7

211,430

236,361

Cash at bank and in hand

 

1,160,802

1,136,845

 

1,523,281

1,552,204

Creditors: Amounts falling due within one year

8

(238,221)

(257,706)

Net current assets

 

1,285,060

1,294,498

Total assets less current liabilities

 

5,388,042

5,301,030

Provisions for liabilities

(195,493)

(129,556)

Net assets

 

5,192,549

5,171,474

Capital and reserves

 

Called up share capital

1,200

1,200

Retained earnings

5,191,349

5,170,274

Shareholders' funds

 

5,192,549

5,171,474

For the financial year ending 30 November 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.

Approved and authorised by the Board on 16 February 2024 and signed on its behalf by:
 

 

CG & D Heal Limited

(Registration number: 02210886)
Balance Sheet as at 30 November 2023

.........................................
Mr C G Heal
Director

.........................................
Mrs D Heal
Director

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Latteridge Green Farm
Iron Acton
Bristol
BS37 9TS

These financial statements were authorised for issue by the Board on 16 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

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:

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Asset class

Depreciation method and rate

Land and buildings

2.33% straight line

Plant and machinery

15% reducing balance

Computer equipment

33% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

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

Entitlements

Straight line over 3 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 10).

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 December 2022

2,746

2,746

At 30 November 2023

2,746

2,746

Amortisation

At 1 December 2022

2,746

2,746

At 30 November 2023

2,746

2,746

Carrying amount

At 30 November 2023

-

-

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

At 1 December 2022

3,419,184

43,157

109,379

1,782,436

5,354,156

Additions

-

-

-

244,726

244,726

Disposals

-

-

-

(18,635)

(18,635)

At 30 November 2023

3,419,184

43,157

109,379

2,008,527

5,580,247

Depreciation

At 1 December 2022

94,530

42,023

76,931

1,134,140

1,347,624

Charge for the year

3,645

363

8,112

133,719

145,839

Eliminated on disposal

-

-

-

(16,198)

(16,198)

At 30 November 2023

98,175

42,386

85,043

1,251,661

1,477,265

Carrying amount

At 30 November 2023

3,321,009

771

24,336

756,866

4,102,982

At 30 November 2022

3,324,654

1,134

32,448

648,296

4,006,532

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Included within the net book value of land and buildings above is £3,321,009 (2022 - £3,324,654) in respect of freehold land and buildings.
 

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Stocks

2023
£

2022
£

Other inventories

151,049

178,998

7

Debtors

Current

2023
£

2022
£

Trade debtors

196,151

205,142

Prepayments

1,249

1,231

Other debtors

14,030

29,988

 

211,430

236,361

 

CG & D Heal Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

52,259

88,815

Taxation and social security

4,062

32,970

Accruals and deferred income

44,093

15,449

Other creditors

137,807

120,472

238,221

257,706

9

Related party transactions

Transactions with directors

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Loan

(74,575)

9,916

(12,000)

(76,659)

         
       

Loan

(13,624)

23,408

(12,000)

(2,216)

         
       

 

2022

At 1 December 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

Loan

(72,540)

10,023

(12,058)

(74,575)

         
       

Loan

(9,799)

232

(4,058)

(13,624)