Registered number
10547724
Cinque Ports Group Ltd
Filleted Accounts
31 March 2024
Cinque Ports Group Ltd
Registered number: 10547724
Balance Sheet
as at 31 March 2024
Notes 2024 2022
£ £
Fixed assets
Intangible assets 3 14,990 14,990
Tangible assets 4 68,853 102,624
Investments 5 200 200
84,043 117,814
Current assets
Stocks - 25,000
Debtors 6 252,673 330,735
Cash at bank and in hand 9,483 75,959
262,156 431,694
Creditors: amounts falling due within one year 7 (109,954) (195,674)
Net current assets 152,202 236,020
Net assets 236,245 353,834
Capital and reserves
Called up share capital 100 100
Profit and loss account 236,145 353,734
Shareholders' funds 236,245 353,834
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr J Tindall
Director
Approved by the board on 30 July 2024
Cinque Ports Group Ltd
Notes to the Accounts
for the period from 1 November 2022 to 31 March 2024
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 2 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 14,990
At 31 March 2024 14,990
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 14,990
At 31 October 2022 14,990
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 49,404 125,254 9,500 184,158
At 31 March 2024 49,404 125,254 9,500 184,158
Depreciation
At 1 November 2022 14,145 63,462 3,927 81,534
Charge for the period 9,913 21,884 1,974 33,771
At 31 March 2024 24,058 85,346 5,901 115,305
Net book value
At 31 March 2024 25,346 39,908 3,599 68,853
At 31 October 2022 35,259 61,792 5,573 102,624
5 Investments
Other
investments
£
Cost
At 1 November 2022 200
At 31 March 2024 200
6 Debtors 2024 2022
£ £
Other debtors 252,673 330,735
7 Creditors: amounts falling due within one year 2024 2022
£ £
Bank loans and overdrafts 4,796 2,801
Trade creditors - 820
Taxation and social security costs 1,143 69,803
Other creditors 104,015 122,250
109,954 195,674
8 Other information
Cinque Ports Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Kings Head Inn
Rye Hill
Rye Hill
East Sussex
TN31 7NH
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