Cistus Limited 07762302 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Plumbing, Heat and air conditioning installation Digita Accounts Production Advanced 6.30.9574.0 true true 07762302 2022-10-01 2023-09-30 07762302 2023-09-30 07762302 bus:OrdinaryShareClass1 2023-09-30 07762302 bus:OrdinaryShareClass2 2023-09-30 07762302 core:CurrentFinancialInstruments 2023-09-30 07762302 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07762302 core:FurnitureFittingsToolsEquipment 2023-09-30 07762302 bus:SmallEntities 2022-10-01 2023-09-30 07762302 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 07762302 bus:FilletedAccounts 2022-10-01 2023-09-30 07762302 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07762302 bus:RegisteredOffice 2022-10-01 2023-09-30 07762302 bus:CompanySecretaryDirector1 2022-10-01 2023-09-30 07762302 bus:Director2 2022-10-01 2023-09-30 07762302 bus:Director3 2022-10-01 2023-09-30 07762302 bus:Director4 2022-10-01 2023-09-30 07762302 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 07762302 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 07762302 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07762302 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 07762302 core:PlantMachinery 2022-10-01 2023-09-30 07762302 countries:EnglandWales 2022-10-01 2023-09-30 07762302 2022-09-30 07762302 core:FurnitureFittingsToolsEquipment 2022-09-30 07762302 2021-10-01 2022-09-30 07762302 2022-09-30 07762302 bus:OrdinaryShareClass1 2022-09-30 07762302 bus:OrdinaryShareClass2 2022-09-30 07762302 core:CurrentFinancialInstruments 2022-09-30 07762302 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 07762302 core:FurnitureFittingsToolsEquipment 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07762302

Cistus Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Cistus Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Cistus Limited

Company Information

Directors

Mr Robert Davis

Mrs Deborah Mary Davis

Mr Jason Daryl Smith

Mr Charlie Paul Salmons

Company secretary

Mr Robert Davis

Registered office

Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

Accountants

Opus Accounting Limited
Chartered Certified Accountants
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

 

Cistus Limited

(Registration number: 07762302)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,528

1,951

Current assets

 

Debtors

5

235,371

29,406

Cash at bank and in hand

 

435,156

379,607

 

670,527

409,013

Creditors: Amounts falling due within one year

6

(311,903)

(109,697)

Net current assets

 

358,624

299,316

Total assets less current liabilities

 

361,152

301,267

Provisions for liabilities

(680)

(371)

Net assets excluding pension asset/(liability)

 

360,472

300,896

Net pension liability 1

(2,025)

-

Net assets

 

358,447

300,896

Capital and reserves

 

Called up share capital

7

4

4

Retained earnings

358,443

300,892

Shareholders' funds

 

358,447

300,896

For the financial year ending 30 September 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2024 and signed on its behalf by:
 

 

Cistus Limited

(Registration number: 07762302)
Balance Sheet as at 30 September 2023 (continued)

.........................................
Mr Robert Davis
Company secretary and director

 

Cistus Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW
England

These financial statements were authorised for issue by the Board on 26 March 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cistus Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class

Depreciation method and rate

Plant and machinery etc

25% on reducing balance

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.

 

Cistus Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

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.

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.

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 2 (2022 - 2).

 

Cistus Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

4,746

4,746

Additions

1,420

1,420

At 30 September 2023

6,166

6,166

Depreciation

At 1 October 2022

2,795

2,795

Charge for the year

843

843

At 30 September 2023

3,638

3,638

Carrying amount

At 30 September 2023

2,528

2,528

At 30 September 2022

1,951

1,951

5

Debtors

Current

2023
£

2022
£

Trade debtors

233,781

29,406

Other debtors

1,590

-

 

235,371

29,406

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

264,673

50,771

Taxation and social security

45,680

56,050

Accruals and deferred income

1,550

1,350

Other creditors

-

1,526

311,903

109,697

 

Cistus Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

A Ordinary of £1 each

2

2

2

2

B Ordinary of £1 each

2

2

2

2

4

4

4

4