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REGISTERED NUMBER: 11182230 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CENTRAL BUILDING AND WELDING ACADEMY LTD

CENTRAL BUILDING AND WELDING ACADEMY LTD (REGISTERED NUMBER: 11182230)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL BUILDING AND WELDING ACADEMY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D Winterburn





REGISTERED OFFICE: Unit 1
Crondal Road
Bayton Road Industrial Estate
Coventry
CV7 9NH





REGISTERED NUMBER: 11182230 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

CENTRAL BUILDING AND WELDING ACADEMY LTD (REGISTERED NUMBER: 11182230)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 25,000
Tangible assets 5 105,012 52,781
125,012 77,781

CURRENT ASSETS
Stocks 17,350 17,350
Debtors 6 2,833 2,833
Cash at bank and in hand 117,121 75,070
137,304 95,253
CREDITORS
Amounts falling due within one year 7 131,330 97,539
NET CURRENT ASSETS/(LIABILITIES) 5,974 (2,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,986

75,495

CREDITORS
Amounts falling due after more than one
year

8

(43,795

)

(44,796

)

PROVISIONS FOR LIABILITIES (11,818 ) -
NET ASSETS 75,373 30,699

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 75,273 30,599
75,373 30,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CENTRAL BUILDING AND WELDING ACADEMY LTD (REGISTERED NUMBER: 11182230)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 director and authorised for issue on 9 September 2024 and were signed by:





D Winterburn - Director


CENTRAL BUILDING AND WELDING ACADEMY LTD (REGISTERED NUMBER: 11182230)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Central Building And Welding Academy Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance, 25% on cost and 20% on cost

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

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current 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.

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.


CENTRAL BUILDING AND WELDING ACADEMY LTD (REGISTERED NUMBER: 11182230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 50,000
AMORTISATION
At 1 March 2023 25,000
Charge for year 5,000
At 29 February 2024 30,000
NET BOOK VALUE
At 29 February 2024 20,000
At 28 February 2023 25,000

CENTRAL BUILDING AND WELDING ACADEMY LTD (REGISTERED NUMBER: 11182230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 36,874 45,231 82,105
Additions - 82,565 82,565
Disposals - (7,417 ) (7,417 )
At 29 February 2024 36,874 120,379 157,253
DEPRECIATION
At 1 March 2023 - 29,324 29,324
Charge for year - 22,917 22,917
At 29 February 2024 - 52,241 52,241
NET BOOK VALUE
At 29 February 2024 36,874 68,138 105,012
At 28 February 2023 36,874 15,907 52,781

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,833 2,833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,560 10,000
Hire purchase contracts 8,203 5,523
Trade creditors 323 372
Taxation and social security 81,452 77,547
Other creditors 30,792 4,097
131,330 97,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,034 40,964
Hire purchase contracts 30,761 3,832
43,795 44,796

CENTRAL BUILDING AND WELDING ACADEMY LTD (REGISTERED NUMBER: 11182230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 964