Company Registration No. 11701030 (England and Wales)
CG PERFORMANCE LTD
Unaudited accounts
for the year ended 30 November 2023
CG PERFORMANCE LTD
Unaudited accounts
Contents
CG PERFORMANCE LTD
Company Information
for the year ended 30 November 2023
Company Number
11701030 (England and Wales)
Registered Office
47 MORTIMER CRESCENT
KINGS PARK
ST. ALBANS
AL3 4GB
ENGLAND
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
CG PERFORMANCE LTD
Statement of financial position
as at 30 November 2023
Tangible assets
5,433
5,042
Cash at bank and in hand
16,764
53,779
Creditors: amounts falling due within one year
(20,858)
(19,659)
Net current (liabilities)/assets
(3,867)
34,120
Called up share capital
2
2
Profit and loss account
1,564
39,160
Shareholders' funds
1,566
39,162
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 22 August 2024 and were signed on its behalf by
Mr C Gooder
Director
Company Registration No. 11701030
CG PERFORMANCE LTD
Notes to the Accounts
for the year ended 30 November 2023
CG PERFORMANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 11701030. The registered office is 47 MORTIMER CRESCENT, KINGS PARK, ST. ALBANS, AL3 4GB, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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:
Fixtures & fittings
Reducing balance - 20%
Computer equipment
Reducing balance - 20%
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments are classified by the directors as basic or advanced following the condiTions in FRS 102 section 11.
Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost.
Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
CG PERFORMANCE LTD
Notes to the Accounts
for the year ended 30 November 2023
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
849
6,907
7,756
At 30 November 2023
849
8,386
9,235
At 1 December 2022
415
2,299
2,714
Charge for the year
87
1,001
1,088
At 30 November 2023
502
3,300
3,802
At 30 November 2023
347
5,086
5,433
At 30 November 2022
434
4,608
5,042
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
11,277
18,607
Loans from directors
-
327
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).