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Company Registration No. 14319051 (England and Wales)
CW Midlands Limited Unaudited accounts for the period from 25 August 2022 to 31 August 2023
CW Midlands Limited Unaudited accounts Contents
Page
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CW Midlands Limited Company Information for the period from 25 August 2022 to 31 August 2023
Directors
Shangara Singh Choongh Avtar Singh Sandhar Tajinder Singh Choongh Ravtej Singh Mangat
Company Number
14319051 (England and Wales)
Registered Office
Holmstead, Gerrards Cross Road Stoke Poges Slough SL2 4EX England
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CW Midlands Limited Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
16,350 
Tangible assets
16,800 
33,150 
Current assets
Debtors
1,602 
Cash at bank and in hand
170,318 
171,920 
Creditors: amounts falling due within one year
(213,450)
Net current liabilities
(41,530)
Net liabilities
(8,380)
Capital and reserves
Called up share capital
100 
Profit and loss account
(8,480)
Shareholders' funds
(8,380)
For the period 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 14 August 2024 and were signed on its behalf by
Shangara Singh Choongh Director Company Registration No. 14319051
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CW Midlands Limited Notes to the Accounts for the period from 25 August 2022 to 31 August 2023
1
Statutory information
CW Midlands Limited is a private company, limited by shares, registered in England and Wales, registration number 14319051. The registered office is Holmstead, Gerrards Cross Road, Stoke Poges, Slough, SL2 4EX, 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 been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are prepared in pound sterling (£), which is the functional and presentation currency of the company.
Going concern
The financial statements have been prepared on a going concern basis. The directors, having made such enquiries as they considered appropriate and having a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, have prepared the financial statements on a going concern basis.
Turnover
Turnover represents restaurant takings registered at the point of sale through electronic tills, and is shown net of Value Added Tax.
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:
Plant & machinery
20% reducing balance method
Other intangible assets
Other intangible assets represent franchise fees. Franchise fees are amortised over their useful life of over 10 years.
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CW Midlands Limited Notes to the Accounts for the period from 25 August 2022 to 31 August 2023
Taxation
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to profit and loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: 1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and 2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing difference are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in difference periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.
4
Intangible fixed assets
Other 
£ 
Cost
At 25 August 2022
- 
Additions
18,000 
At 31 August 2023
18,000 
Amortisation
At 25 August 2022
- 
Charge for the period
1,650 
At 31 August 2023
1,650 
Net book value
At 31 August 2023
16,350 
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CW Midlands Limited Notes to the Accounts for the period from 25 August 2022 to 31 August 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 25 August 2022
- 
Additions
18,000 
At 31 August 2023
18,000 
Depreciation
Charge for the period
1,200 
At 31 August 2023
1,200 
Net book value
At 31 August 2023
16,800 
6
Debtors
2023 
£ 
Amounts falling due within one year
Deferred tax asset
1,602 
7
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
150,000 
Loans from directors
59,000 
Accruals
4,450 
213,450 
Directors' loans are not attached with any loan terms and are repayable on demand.
8
Deferred taxation
2023 
£ 
Accelerated capital allowances
3,192 
Tax losses carried forward
(4,794)
(1,602)
2023 
£ 
Credited to the profit and loss account
(1,602)
Provision at end of period
(1,602)
The company had unused trading losses during the financial period. Deferred tax asset has been recognised on these losses as it is considered probable that they will be relieved against future taxable profits. The closing deferred tax asset and liabilities have been calculated at the latest rates substantively enacted as at the balance sheet date standing at 19%.
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CW Midlands Limited Notes to the Accounts for the period from 25 August 2022 to 31 August 2023
9
Average number of employees
During the period the average number of employees was 4.
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