Registered number
13525075
CGB Nutrition Ltd
Filleted Accounts
31 July 2024
CGB Nutrition Ltd
Company Information
Director
C G Beestone
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
441 Glascote Road
Glascote
Tamworth
Staffordshire
Registered number
13525075
CGB Nutrition Ltd
Registered number: 13525075
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,000 8,000
Tangible assets 4 430 645
7,430 8,645
Current assets
Debtors 5 - 5,000
Cash at bank and in hand 5,546 5,616
5,546 10,616
Creditors: amounts falling due within one year 6 (1,381) (7,581)
Net current assets 4,165 3,035
Total assets less current liabilities 11,595 11,680
Creditors: amounts falling due after more than one year 7 (7,816) (11,296)
Net assets 3,779 384
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,679 284
Shareholder's funds 3,779 384
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
C G Beestone
Director
Approved by the board on 31 August 2024
CGB Nutrition Ltd
Notes to the Accounts
for the year ended 31 July 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:
Computer equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 10,000
At 31 July 2024 10,000
Amortisation
At 1 August 2023 2,000
Provided during the year 1,000
At 31 July 2024 3,000
Net book value
At 31 July 2024 7,000
At 31 July 2023 8,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Computer equipment
£
Cost
At 1 August 2023 1,078
At 31 July 2024 1,078
Depreciation
At 1 August 2023 433
Charge for the year 215
At 31 July 2024 648
Net book value
At 31 July 2024 430
At 31 July 2023 645
5 Debtors 2024 2023
£ £
Trade debtors - 5,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,081 6,181
Other creditors 300 1,400
1,381 7,581
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 7,816 11,296
8 Controlling party
The company is controlled by the director.
9 Other information
CGB Nutrition Ltd is a private company limited by shares and incorporated in England. Its registered office is:
441 Glascote Road
Glascote
Tamworth
Staffordshire
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