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REGISTERED NUMBER: 06393526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

COMBER ASSOCIATES LIMITED

COMBER ASSOCIATES LIMITED (REGISTERED NUMBER: 06393526)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMBER ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: A C Comber
K M Comber





SECRETARY: Mrs K M Comber





REGISTERED OFFICE: 16 Cissbury Road
Worthing
West Sussex
BN14 9LD





REGISTERED NUMBER: 06393526 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

COMBER ASSOCIATES LIMITED (REGISTERED NUMBER: 06393526)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 9,000
Tangible assets 5 15,137 18,562
21,137 27,562

CURRENT ASSETS
Debtors 6 13,809 9,977
Cash at bank and in hand 1,239 45,502
15,048 55,479
CREDITORS
Amounts falling due within one year 7 13,630 37,597
NET CURRENT ASSETS 1,418 17,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,555

45,444

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(14,000

)

PROVISIONS FOR LIABILITIES (2,873 ) (3,526 )
NET ASSETS 9,682 27,918

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8,682 26,918
SHAREHOLDERS' FUNDS 9,682 27,918

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

COMBER ASSOCIATES LIMITED (REGISTERED NUMBER: 06393526)

BALANCE SHEET - continued
31ST DECEMBER 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 12th March 2024 and were signed on its behalf by:





K M Comber - Director


COMBER ASSOCIATES LIMITED (REGISTERED NUMBER: 06393526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Comber Associates 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

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 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
Fixtures and fittings - 33% on cost
Plant & machinery - 15% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.


COMBER ASSOCIATES LIMITED (REGISTERED NUMBER: 06393526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 30,000
AMORTISATION
At 1st January 2023 21,000
Charge for year 3,000
At 31st December 2023 24,000
NET BOOK VALUE
At 31st December 2023 6,000
At 31st December 2022 9,000

COMBER ASSOCIATES LIMITED (REGISTERED NUMBER: 06393526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Computer and Plant &
equipment fittings machinery Totals
£    £    £    £   
COST
At 1st January 2023 15,714 10,407 17,000 43,121
Additions 225 207 - 432
At 31st December 2023 15,939 10,614 17,000 43,553
DEPRECIATION
At 1st January 2023 13,271 6,570 4,718 24,559
Charge for year 667 1,348 1,842 3,857
At 31st December 2023 13,938 7,918 6,560 28,416
NET BOOK VALUE
At 31st December 2023 2,001 2,696 10,440 15,137
At 31st December 2022 2,443 3,837 12,282 18,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,809 9,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 13,942
Taxation and social security 9,694 17,412
Other creditors 3,936 6,243
13,630 37,597

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,000 14,000