Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01removals and storage108truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09295538 2022-12-01 2023-11-30 09295538 2021-12-01 2022-11-30 09295538 2023-11-30 09295538 2022-11-30 09295538 c:Director1 2022-12-01 2023-11-30 09295538 d:Buildings 2022-12-01 2023-11-30 09295538 d:Buildings 2023-11-30 09295538 d:Buildings 2022-11-30 09295538 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09295538 d:PlantMachinery 2022-12-01 2023-11-30 09295538 d:PlantMachinery 2023-11-30 09295538 d:PlantMachinery 2022-11-30 09295538 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09295538 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09295538 d:CurrentFinancialInstruments 2023-11-30 09295538 d:CurrentFinancialInstruments 2022-11-30 09295538 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09295538 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09295538 d:ShareCapital 2023-11-30 09295538 d:ShareCapital 2022-11-30 09295538 d:RetainedEarningsAccumulatedLosses 2023-11-30 09295538 d:RetainedEarningsAccumulatedLosses 2022-11-30 09295538 c:FRS102 2022-12-01 2023-11-30 09295538 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09295538 c:FullAccounts 2022-12-01 2023-11-30 09295538 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09295538 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09295538









C&R REMOVALS AND STORAGE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
C&R REMOVALS AND STORAGE LTD
REGISTERED NUMBER: 09295538

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
124,233
133,919

  
124,233
133,919

Current assets
  

Debtors: amounts falling due within one year
 6 
8,654
2,337

Cash at bank and in hand
 7 
11,416
27,627

  
20,070
29,964

Creditors: amounts falling due within one year
 8 
(87,750)
(102,884)

Net current liabilities
  
 
 
(67,680)
 
 
(72,920)

Total assets less current liabilities
  
56,553
60,999

Provisions for liabilities
  

Deferred tax
  
(7,076)
(12,154)

  
 
 
(7,076)
 
 
(12,154)

Net assets
  
49,477
48,845


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
49,474
48,842

  
49,477
48,845


Page 1

 
C&R REMOVALS AND STORAGE LTD
REGISTERED NUMBER: 09295538
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr C Ramella
Director

Date: 11 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
C&R REMOVALS AND STORAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

C&R Removals and Storage Limited is a company incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
C&R REMOVALS AND STORAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
C&R REMOVALS AND STORAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
10%
Straight Line
Plant and machinery
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
C&R REMOVALS AND STORAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees




The average monthly number of employees, including directors, during the year was 10 (2022 - 8).

Page 6

 
C&R REMOVALS AND STORAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 December 2022
69,953
196,213
266,166


Additions
21,257
5,244
26,501


Disposals
-
(7,295)
(7,295)



At 30 November 2023

91,210
194,162
285,372



Depreciation


At 1 December 2022
-
132,247
132,247


Charge for the year on owned assets
2,049
34,138
36,187


Disposals
-
(7,295)
(7,295)



At 30 November 2023

2,049
159,090
161,139



Net book value



At 30 November 2023
89,161
35,072
124,233



At 30 November 2022
69,953
63,966
133,919


6.


Debtors

2023
2022
£
£


Trade debtors
-
919

Other debtors
5,630
1,418

Prepayments and accrued income
3,024
-

8,654
2,337


Page 7

 
C&R REMOVALS AND STORAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,416
27,627

11,416
27,627



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,295
-

Corporation tax
14,373
7,023

Other taxation and social security
10,432
59,038

Obligations under finance lease and hire purchase contracts
-
2,525

Other creditors
51,399
23,522

Accruals and deferred income
6,251
10,776

87,750
102,884



9.


Related party transactions

Included within other creditors is an amount owed to a director of £51,399 (2022: £23,522). No Interest is provided for on this loan and it is repayable upon demand.

 
Page 8