Complete Commercial Interiors Limited
Registered number: 07094201
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,383 35,353
Current assets
Debtors 4 48,456 74,342
Cash at bank and in hand 62,057 31,165
110,513 105,507
Creditors: amounts falling due within one year 5 (26,542) (22,558)
Net current assets 83,971 82,949
Net assets 118,354 118,302
Capital and reserves
Called up share capital 100 100
Profit and loss account 118,254 118,202
Shareholders' funds 118,354 118,302
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 S Anderton
Director
Approved by the board on 16 September 2024
Complete Commercial Interiors Limited
Notes to the Accounts
for the year ended 31 December 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:
Plant and machinery over 10 years reducing balance
Motor vehicles over 4 years reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 7,483 64,219 71,702
Additions - 13,800 13,800
Disposals - (12,495) (12,495)
At 31 December 2023 7,483 65,524 73,007
Depreciation
At 1 January 2023 4,263 32,086 36,349
Charge for the year 322 10,495 10,817
On disposals - (8,542) (8,542)
At 31 December 2023 4,585 34,039 38,624
Net book value
At 31 December 2023 2,898 31,485 34,383
At 31 December 2022 3,220 32,133 35,353
4 Debtors 2023 2022
£ £
Trade debtors 40,888 72,069
Other debtors 7,568 2,273
48,456 74,342
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 22,071 13,837
Corporation tax 655 2,248
Other taxes and social security costs 3,814 6,418
Other creditors 2 55
26,542 22,558
6 Other information
Complete Commercial Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
104 Liverpool Road
Ashton in Makerfield
Wigan
WN4 9LX
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