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REGISTERED NUMBER: 01410701 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Contact Attachments Limited

Contact Attachments Limited (Registered number: 01410701)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Contact Attachments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R B Taylor
M R Taylor
K J Cufley





REGISTERED OFFICE: Mochdre Industrial Estate
Newtown
Powys
SY16 4LE





REGISTERED NUMBER: 01410701 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Contact Attachments Limited (Registered number: 01410701)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 373,627 329,608

CURRENT ASSETS
Stocks 197,217 209,059
Debtors 6 553,324 502,353
Cash at bank 124,506 244,723
875,047 956,135
CREDITORS
Amounts falling due within one year 7 694,382 745,079
NET CURRENT ASSETS 180,665 211,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,292

540,664

PROVISIONS FOR LIABILITIES 23,961 19,897
NET ASSETS 530,331 520,767

CAPITAL AND RESERVES
Called up share capital 38,000 38,000
Revaluation reserve 194,614 194,614
Retained earnings 297,717 288,153
SHAREHOLDERS' FUNDS 530,331 520,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Contact Attachments Limited (Registered number: 01410701)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:





R B Taylor - Director


Contact Attachments Limited (Registered number: 01410701)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Contact Attachments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

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

Income is recognised when the goods have been delivered to customers such that risks and rewards of ownership have been transferred to them.

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 - 50% on cost, 33% on cost, 25% on cost, 20% on cost, 20% on reducing balance and 10% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Contact Attachments Limited (Registered number: 01410701)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 24 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 300,000 655,770 955,770
Additions - 66,687 66,687
Disposals - (49,135 ) (49,135 )
At 31 December 2023 300,000 673,322 973,322
DEPRECIATION
At 1 January 2023 - 626,162 626,162
Charge for year - 22,668 22,668
Eliminated on disposal - (49,135 ) (49,135 )
At 31 December 2023 - 599,695 599,695
NET BOOK VALUE
At 31 December 2023 300,000 73,627 373,627
At 31 December 2022 300,000 29,608 329,608

The company has taken the option to use the previous GAAP revaluation from 2011 as deemed cost of the freehold land and buildings.

Contact Attachments Limited (Registered number: 01410701)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 526,392 459,916
Other debtors 26,932 42,437
553,324 502,353

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 24,951 34,841
Hire purchase contracts - 1,316
Trade creditors 364,444 321,174
Taxation and social security 174,985 117,071
Other creditors 130,002 270,677
694,382 745,079

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 24,951 34,841
Hire purchase contracts - 1,316
24,951 36,157

The company has provided a fixed charge over book debts and a floating charge over all other assets dated 30th September 1987 to its bank H.S.B.C. Bank plc.