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REGISTERED NUMBER: 09875923 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

CSAG Merchants Ltd

CSAG Merchants Ltd (Registered number: 09875923)






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


CSAG Merchants Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr S Tai





REGISTERED OFFICE: Colletts Drive
Cheltenham
Gloucestershire
GL51 8JQ





REGISTERED NUMBER: 09875923 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

CSAG Merchants Ltd (Registered number: 09875923)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,251 32,376

CURRENT ASSETS
Stocks 175,440 172,510
Debtors 5 27,877 27,460
Cash at bank 10,389 13,120
213,706 213,090
CREDITORS
Amounts falling due within one year 6 33,368 54,902
NET CURRENT ASSETS 180,338 158,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,589

190,564

CREDITORS
Amounts falling due after more than one
year

7

94,345

74,779
NET ASSETS 138,244 115,785

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 138,144 115,685
SHAREHOLDERS' FUNDS 138,244 115,785

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 director acknowledges his 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.

CSAG Merchants Ltd (Registered number: 09875923)

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 director and authorised for issue on 29 August 2024 and were signed by:





Mr S Tai - Director


CSAG Merchants Ltd (Registered number: 09875923)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

CSAG Merchants Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 78,209
Additions 37,291
At 30 November 2023 115,500
DEPRECIATION
At 1 December 2022 45,833
Charge for year 17,416
At 30 November 2023 63,249
NET BOOK VALUE
At 30 November 2023 52,251
At 30 November 2022 32,376

CSAG Merchants Ltd (Registered number: 09875923)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 27,877 27,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts 4,306 8,050
Trade creditors 1,652 12,159
Taxation and social security 16,310 23,593
Other creditors 2,100 2,100
33,368 54,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 13,500 22,500
Hire purchase contracts 483 4,789
Other creditors 80,362 47,490
94,345 74,779

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Tai.