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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
Page
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Commercial & Residential Aluminium Ltd Company Information for the year ended 31 August 2023
Directors
S Rodgers D Hunter M L Lock
Secretary
A Rodgers
Company Number
12165556 (England and Wales)
Registered Office
Unit 2/3 Point North, Virage Park Green lane Bridgetown Cannock WS11 0NH England
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Commercial & Residential Aluminium Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
227,357 
225,165 
Current assets
Inventories
143,829 
99,364 
Debtors
122,515 
168,102 
Cash at bank and in hand
309,642 
162,954 
575,986 
430,420 
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 
Capital and reserves
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
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Commercial & Residential Aluminium Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention except in the instance where assets and liabilities are stated at their fair value.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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Commercial & Residential Aluminium Ltd Notes to the Accounts for the year ended 31 August 2023
Pension costs
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.
Leased assets
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
84,681 
166,097 
Other debtors
37,834 
2,005 
122,515 
168,102 
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 
264,504 
190,918 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
20,050 
20,050 
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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)
52,000 
42,800 
2023 
2022 
£ 
£ 
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 
9
Share capital
2023 
2022 
£ 
£ 
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 
- 
72,115 
7,150 
11
Average number of employees
During the year the average number of employees was 17 (2022: 15).
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