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REGISTERED NUMBER: 10627202 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CNC PRODUCTION LIMITED

CNC PRODUCTION LIMITED (REGISTERED NUMBER: 10627202)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CNC PRODUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr J S Johal
Mr H S Kataria
Mr R S Kataria





REGISTERED OFFICE: Granville House
Wallingford Road
Uxbridge
UB8 2RW





REGISTERED NUMBER: 10627202 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

CNC PRODUCTION LIMITED (REGISTERED NUMBER: 10627202)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 21,136 26,386

CURRENT ASSETS
Inventories 5,295 6,994
Debtors 5 303,957 233,929
Cash at bank 47,035 80,627
356,287 321,550
CREDITORS
Amounts falling due within one year 6 252,201 245,961
NET CURRENT ASSETS 104,086 75,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,222

101,975

PROVISIONS FOR LIABILITIES 4,016 5,013
NET ASSETS 121,206 96,962

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 121,106 96,862
SHAREHOLDERS' FUNDS 121,206 96,962

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.

CNC PRODUCTION LIMITED (REGISTERED NUMBER: 10627202)

STATEMENT OF FINANCIAL POSITION - 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 19 March 2024 and were signed on its behalf by:





Mr R S Kataria - Director


CNC PRODUCTION LIMITED (REGISTERED NUMBER: 10627202)

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

1. STATUTORY INFORMATION

CNC Production 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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

CNC PRODUCTION LIMITED (REGISTERED NUMBER: 10627202)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 34,450
DEPRECIATION
At 1 July 2022 8,064
Charge for year 5,250
At 30 June 2023 13,314
NET BOOK VALUE
At 30 June 2023 21,136
At 30 June 2022 26,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 36,537 19,685
Amounts owed by group undertakings 237,440 184,440
Amounts owed by associates - 15,000
Other debtors 29,980 14,804
303,957 233,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 9,971 -
Trade creditors 211,174 182,055
Amounts owed to group undertakings 16,060 16,060
Taxation and social security 7,346 10,821
Other creditors 7,650 37,025
252,201 245,961

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
200 Ordinary 0.50 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party with a 60% majority holding is Kudos 1430 Limited.