Registered number
11947264
Controls Engineering Solutions Ltd
Filleted Accounts
31 March 2024
CALM Accounting
Chartered Certified Accountants
Low Cottage, 10 Low Cross, Whittlesey, Peterborough, PE7 1HW
CALM Accounting is a trading name of C.A.L.M Business Developments Ltd
Reg. in England & Wales 05238216
Controls Engineering Solutions Ltd
Registered number: 11947264
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,829 47,156
Current assets
Debtors 4 74,204 21,633
Cash at bank and in hand 3,814 16,198
78,018 37,831
Creditors: amounts falling due within one year 5 (63,101) (27,557)
Net current assets 14,917 10,274
Total assets less current liabilities 50,746 57,430
Creditors: amounts falling due after more than one year 6 (10,364) (17,462)
Provisions for liabilities (6,807) (8,959)
Net assets 33,575 31,009
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,475 30,909
Shareholders' funds 33,575 31,009
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 members have 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.
Mr M Butlin
Director
Approved by the board on 10 September 2024
Controls Engineering Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
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:
Plant and machinery 25% reducing balance
Computer equipment over 3 years
Motor vehicles over 5 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 27,403 39,981 49,150 116,534
Additions 2,980 7,751 - 10,731
At 31 March 2024 30,383 47,732 49,150 127,265
Depreciation
At 1 April 2023 23,582 20,198 25,598 69,378
Charge for the year 2,888 6,883 12,287 22,058
At 31 March 2024 26,470 27,081 37,885 91,436
Net book value
At 31 March 2024 3,913 20,651 11,265 35,829
At 31 March 2023 3,821 19,783 23,552 47,156
4 Debtors 2024 2023
£ £
Trade debtors 45,470 606
Other debtors 28,734 21,027
74,204 21,633
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,098 6,923
Trade creditors 2,304 868
Taxation and social security costs 35,849 17,812
Other creditors 17,850 1,954
63,101 27,557
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,364 17,462
7 Controlling party
The Company is owned and controlled by the director Mr M Butlin.
8 Other information
Controls Engineering Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Fallowfield
Orton Wistow
Peterborough
PE2 6UR
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