Registered number
10967133
CNG Commercial Limited
Report and Accounts
30 September 2023
CNG Commercial Limited
Report to the director on the preparation of the unaudited statutory accounts of CNG Commercial Limited for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CNG Commercial Limited for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes 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
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
20 February 2024
CNG Commercial Limited
Registered number: 10967133
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 50,161 514
Current assets
Debtors 4 - 1,030
Cash at bank and in hand 20,818 87,623
20,818 88,653
Creditors: amounts falling due within one year 5 (1,349) (24,419)
Net current assets 19,469 64,234
Net assets 69,630 64,748
Capital and reserves
Called up share capital 1 1
Profit and loss account 69,629 64,747
Shareholder's funds 69,630 64,748
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Green
Director
Approved by the board on 20 February 2024
CNG Commercial Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 33% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office Equipment Motor vehicles Total
£ £ £
Cost
At 1 October 2022 2,346 - 2,346
Additions 1,669 64,850 66,519
At 30 September 2023 4,015 64,850 68,865
Depreciation
At 1 October 2022 1,832 - 1,832
Charge for the year 659 16,213 16,872
At 30 September 2023 2,491 16,213 18,704
Net book value
At 30 September 2023 1,524 48,637 50,161
At 30 September 2022 514 - 514
4 Debtors 2023 2022
£ £
Trade debtors - 30
Other debtors - 1,000
- 1,030
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax - 13,502
Other taxes and social security costs 3,053 6,386
Other creditors (1,704) 4,531
1,349 24,419
6 Other information
CNG Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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