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Registered number: 06387205
CBB & Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Chong & Co
Chartered Certified Accountants
20 Crown Lane
Morden
Surrey
SM4 5BL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06387205
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34 51
34 51
CURRENT ASSETS
Stocks 5 14,842 11,490
Debtors 6 145 540
Cash at bank and in hand 1,561 2,666
16,548 14,696
Creditors: Amounts Falling Due Within One Year 7 (53,297 ) (40,233 )
NET CURRENT ASSETS (LIABILITIES) (36,749 ) (25,537 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,715 ) (25,486 )
NET LIABILITIES (36,715 ) (25,486 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (36,717 ) (25,488 )
SHAREHOLDERS' FUNDS (36,715) (25,486)
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Bee Young Ong
Director
25 July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
CBB & Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06387205 . The registered office is 3 Russell Road, Twickenham, TW2 7QT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 2,708
As at 31 March 2024 2,708
Depreciation
As at 1 April 2023 2,657
Provided during the period 17
As at 31 March 2024 2,674
Net Book Value
As at 31 March 2024 34
As at 1 April 2023 51
5. Stocks
2024 2023
£ £
Materials 14,842 11,490
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 145 540
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,470 1,430
Director's loan account 51,827 38,803
53,297 40,233
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
10. Dividends
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