Registered number
09291598
CCL (North East) Ltd
Filleted Accounts
30 November 2023
CCL (North East) Ltd
Registered number: 09291598
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 680,790 265,024
Current assets
Debtors 4 1,195 968
Cash at bank and in hand 50,298 16,423
51,493 17,391
Creditors: amounts falling due within one year 5 (411,794) (155,108)
Net current liabilities (360,301) (137,717)
Total assets less current liabilities 320,489 127,307
Creditors: amounts falling due after more than one year 6 (22,625) (34,296)
Net assets 297,864 93,011
Capital and reserves
Profit and loss account 297,864 93,011
Shareholder's funds 297,864 93,011
The directors are 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 directors acknowledge their 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.
M I Malik
Director
Approved by the board on 14 August 2024
CCL (North East) Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 10 years
Cars, Fixtures, fittings, tools and equipment 20% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 12
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 5,119 480,136 485,255
Additions - 893,016 893,016
Disposals - (340,341) (340,341)
At 30 November 2023 5,119 1,032,811 1,037,930
Depreciation
At 1 December 2022 1,433 218,798 220,231
Charge for the year 461 136,448 136,909
At 30 November 2023 1,894 355,246 357,140
Net book value
At 30 November 2023 3,225 677,565 680,790
At 30 November 2022 3,686 261,338 265,024
4 Debtors 2023 2022
£ £
Trade debtors 1,195 968
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 306,241 1,887
Taxation and social security costs 63,669 2,940
Other creditors 41,884 150,281
411,794 155,108
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,625 34,296
7 Other information
CCL (North East) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5
Conhope Lane
Newcastle Upon Tyne
Tyne & Wear
NE4 8XL
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