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REGISTERED NUMBER: 06562263 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

C. S. GENT & SONS LIMITED

C. S. GENT & SONS LIMITED (REGISTERED NUMBER: 06562263)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C. S. GENT & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Gent
J A Gent
Mrs M Gent
E C Gent





SECRETARY: Mrs M Gent





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 06562263 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

C. S. GENT & SONS LIMITED (REGISTERED NUMBER: 06562263)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,972 32,460
Tangible assets 5 2,858,379 2,958,720
Investments 6 33,270 33,270
2,930,621 3,024,450

CURRENT ASSETS
Stocks 621,548 654,764
Debtors 7 524,135 715,349
Cash at bank 538,379 333,135
1,684,062 1,703,248
CREDITORS
Amounts falling due within one year 8 573,961 979,257
NET CURRENT ASSETS 1,110,101 723,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,040,722

3,748,441

CREDITORS
Amounts falling due after more than one year 9 (109,080 ) (150,000 )

PROVISIONS FOR LIABILITIES (215,900 ) (240,000 )
NET ASSETS 3,715,742 3,358,441

CAPITAL AND RESERVES
Called up share capital 191,020 150,100
Retained earnings 3,524,722 3,208,341
3,715,742 3,358,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

C. S. GENT & SONS LIMITED (REGISTERED NUMBER: 06562263)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:





A Gent - Director


C. S. GENT & SONS LIMITED (REGISTERED NUMBER: 06562263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

C. S. Gent & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These 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 directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents net invoiced sale of goods and provision of contracting services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible fixed assets
Entitlements are amortised over their estimated useful life of three years. Patents are amortised over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation
Long leasehold - 5% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold property is not depreciated as it only includes land.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


C. S. GENT & SONS LIMITED (REGISTERED NUMBER: 06562263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants received are treated as deferred income and credited to the profit and loss over the estimated useful life of the assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Entitlements Patents Totals
£    £    £    £   
COST
At 1 December 2022 69,120 18,429 123,494 211,043
Additions - - 30,783 30,783
At 30 November 2023 69,120 18,429 154,277 241,826
AMORTISATION
At 1 December 2022 50,402 18,429 109,752 178,583
Amortisation for year 3,456 - 20,815 24,271
At 30 November 2023 53,858 18,429 130,567 202,854
NET BOOK VALUE
At 30 November 2023 15,262 - 23,710 38,972
At 30 November 2022 18,718 - 13,742 32,460

C. S. GENT & SONS LIMITED (REGISTERED NUMBER: 06562263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 1,968,658 748,198 2,172,256 41,734 4,930,846
Additions - 5,704 99,186 - 104,890
Disposals - - (35,600 ) - (35,600 )
At 30 November 2023 1,968,658 753,902 2,235,842 41,734 5,000,136
DEPRECIATION
At 1 December 2022 - 408,111 1,528,621 35,394 1,972,126
Charge for year - 31,929 169,773 1,585 203,287
Eliminated on disposal - - (33,656 ) - (33,656 )
At 30 November 2023 - 440,040 1,664,738 36,979 2,141,757
NET BOOK VALUE
At 30 November 2023 1,968,658 313,862 571,104 4,755 2,858,379
At 30 November 2022 1,968,658 340,087 643,635 6,340 2,958,720

Included in cost of land and buildings is freehold land of £ 1,968,658 (2022 - £ 1,968,658 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.11.23 30.11.22
£    £   
Lingrain Storage Rights 33,250 33,250
Camgrain Shares 20 20
33,270 33,270

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 89,037 309,439
Other debtors 435,098 405,910
524,135 715,349

C. S. GENT & SONS LIMITED (REGISTERED NUMBER: 06562263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 79,346 305,458
Taxation and social security 151,498 103,244
Other creditors 343,117 570,555
573,961 979,257

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 109,080 150,000