Company Registration No. 12165556 (England and Wales)
Commercial & Residential Aluminium Ltd
Unaudited accounts
for the year ended 31 August 2023
Commercial & Residential Aluminium Ltd
Unaudited accounts
Contents
Commercial & Residential Aluminium Ltd
Company Information
for the year ended 31 August 2023
Directors
S Rodgers
D Hunter
M L Lock
Company Number
12165556 (England and Wales)
Registered Office
Unit 2/3 Point North, Virage Park
Green lane
Bridgetown
Cannock
WS11 0NH
England
Commercial & Residential Aluminium Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
227,357
225,165
Inventories
143,829
99,364
Cash at bank and in hand
309,642
162,954
Creditors: amounts falling due within one year
(264,504)
(190,918)
Net current assets
311,482
239,502
Total assets less current liabilities
538,839
464,667
Creditors: amounts falling due after more than one year
(20,050)
(20,050)
Provisions for liabilities
Deferred tax
(52,000)
(42,800)
Net assets
466,789
401,817
Called up share capital
300
300
Profit and loss account
466,489
401,517
Shareholders' funds
466,789
401,817
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by
S Rodgers
Director
Company Registration No. 12165556
Commercial & Residential Aluminium Ltd
Notes to the Accounts
for the year ended 31 August 2023
Commercial & Residential Aluminium Ltd is a private company, limited by shares, registered in England and Wales, registration number 12165556. The registered office is Unit 2/3 Point North, Virage Park, Green lane, Bridgetown, Cannock, WS11 0NH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention except in the instance where assets and liabilities are stated at their fair value.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% reducing balance on Leasehold capital improvements
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Commercial & Residential Aluminium Ltd
Notes to the Accounts
for the year ended 31 August 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2022
-
216,759
87,741
2,992
5,901
313,393
Additions
27,851
27,385
24,795
320
539
80,890
Disposals
-
-
(50,496)
-
-
(50,496)
At 31 August 2023
27,851
244,144
62,040
3,312
6,440
343,787
At 1 September 2022
-
54,096
30,024
1,278
2,830
88,228
Charge for the year
4,177
28,508
13,183
1,102
1,946
48,916
On disposals
-
-
(20,714)
-
-
(20,714)
At 31 August 2023
4,177
82,604
22,493
2,380
4,776
116,430
At 31 August 2023
23,674
161,540
39,547
932
1,664
227,357
At 31 August 2022
-
162,663
57,717
1,714
3,071
225,165
Amounts falling due within one year
Trade debtors
84,681
166,097
Other debtors
37,834
2,005
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
119,455
111,371
Taxes and social security
86,883
40,731
Other creditors
58,166
38,816
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
20,050
20,050
Commercial & Residential Aluminium Ltd
Notes to the Accounts
for the year ended 31 August 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
52,000
47,500
Tax losses carried forward
-
(4,700)
Provision at start of year
42,800
24,100
Charged to the profit and loss account
9,200
18,700
Provision at end of year
52,000
42,800
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
10
Operating lease commitments
2023
2022
At 31 August 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
53,915
7,150
Later than one year and not later than five years
18,200
-
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Average number of employees
During the year the average number of employees was 17 (2022: 15).