1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13273531 2023-04-01 2024-03-31 13273531 2024-03-31 13273531 2023-03-31 13273531 2022-04-01 2023-03-31 13273531 2023-03-31 13273531 2022-03-31 13273531 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13273531 core:PlantMachinery 2023-04-01 2024-03-31 13273531 core:FurnitureFittings 2023-04-01 2024-03-31 13273531 bus:Director1 2023-04-01 2024-03-31 13273531 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 13273531 core:FurnitureFittings 2023-03-31 13273531 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 13273531 core:PlantMachinery 2024-03-31 13273531 core:FurnitureFittings 2024-03-31 13273531 core:WithinOneYear 2024-03-31 13273531 core:WithinOneYear 2023-03-31 13273531 core:ShareCapital 2024-03-31 13273531 core:ShareCapital 2023-03-31 13273531 core:RetainedEarningsAccumulatedLosses 2024-03-31 13273531 core:RetainedEarningsAccumulatedLosses 2023-03-31 13273531 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 13273531 core:FurnitureFittings 2023-03-31 13273531 bus:SmallEntities 2023-04-01 2024-03-31 13273531 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13273531 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13273531 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13273531 bus:FullAccounts 2023-04-01 2024-03-31 13273531 core:KeyManagementPersonnel 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 13273531
CBF Special Projects Ltd
Filleted Unaudited Financial Statements
31 March 2024
CBF Special Projects Ltd
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
CBF Special Projects Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
399,456
414,400
Current assets
Debtors
6
5,771
6,856
Cash at bank and in hand
186,613
132,191
---------
---------
192,384
139,047
Creditors: amounts falling due within one year
7
534,182
494,373
---------
---------
Net current liabilities
341,798
355,326
---------
---------
Total assets less current liabilities
57,658
59,074
--------
--------
Net assets
57,658
59,074
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
57,656
59,072
--------
--------
Shareholder funds
57,658
59,074
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CBF Special Projects Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
Mr C J Beale
Director
Company registration number: 13273531
CBF Special Projects Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cold Blow Farm, Hastingleigh, Ashford, Kent, TN25 5HF, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Plant and machinery
-
6% straight line
Fixtures and fittings
-
6% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Freehold property
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 April 2023
200,000
250,000
450,000
Additions
4,315
4,315
---------
-------
---------
---------
At 31 March 2024
200,000
4,315
250,000
454,315
---------
-------
---------
---------
Depreciation
At 1 April 2023
5,600
30,000
35,600
Charge for the year
4,000
259
15,000
19,259
---------
-------
---------
---------
At 31 March 2024
9,600
259
45,000
54,859
---------
-------
---------
---------
Carrying amount
At 31 March 2024
190,400
4,056
205,000
399,456
---------
-------
---------
---------
At 31 March 2023
194,400
220,000
414,400
---------
-------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
5,750
5,450
Other debtors
21
1,406
-------
-------
5,771
6,856
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
127
Other creditors
534,182
494,246
---------
---------
534,182
494,373
---------
---------
8. Related party transactions
At the period end the company owed the Director £461,429 (2023: £458,146).