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COMPANY REGISTRATION NUMBER: 06300492
C2 Maintenance Limited
Filleted Unaudited Financial Statements
For the year ended
30 September 2023
C2 Maintenance Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
653
1,258
Current assets
Debtors
6
97,882
87,943
Cash at bank and in hand
21,379
18,802
---------
---------
119,261
106,745
Creditors: amounts falling due within one year
7
41,690
33,948
---------
---------
Net current assets
77,571
72,797
--------
--------
Total assets less current liabilities
78,224
74,055
--------
--------
Net assets
78,224
74,055
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
77,224
73,055
--------
--------
Shareholders funds
78,224
74,055
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
C2 Maintenance Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 2 August 2024 , and are signed on behalf of the board by:
J Galliers
Director
Company registration number: 06300492
C2 Maintenance Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, NW9 6LH, London.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 October 2022 and 30 September 2023
12,359
8,698
21,057
--------
-------
--------
Depreciation
At 1 October 2022
11,971
7,828
19,799
Charge for the year
388
217
605
--------
-------
--------
At 30 September 2023
12,359
8,045
20,404
--------
-------
--------
Carrying amount
At 30 September 2023
653
653
--------
-------
--------
At 30 September 2022
388
870
1,258
--------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
20,092
13,640
Amounts owed by group undertakings and undertakings in which the company has a participating interest
73,041
70,221
Other debtors
4,749
4,082
--------
--------
97,882
87,943
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
231
1,066
Trade creditors
36,301
30,877
Corporation tax
1,046
1,065
Social security and other taxes
629
940
Other creditors
3,483
--------
--------
41,690
33,948
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
J Galliers
3,902
420
4,322
-------
----
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
J Galliers
9,744
( 5,842)
3,902
-------
-------
-------
9. Controlling party
The ultimate parent undertaking is Basicland Registrars Holdings Limited, a company registered in England and Wales.