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REGISTERED NUMBER: 11543137 (England and Wales)










Cambrian Services Limited

Financial Statements

for the Year Ended 31 March 2024






Cambrian Services Limited (Registered number: 11543137)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cambrian Services Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr H G Jones
Mr J A Evans





SECRETARY: Mrs H M L Morgan





REGISTERED OFFICE: Ty Glyn
Canol y Dre
Ruthin
Denbighshire
LL15 1QW





REGISTERED NUMBER: 11543137 (England and Wales)





AUDITORS: Salisbury & Company Business Solutions Limited
Statutory Auditors
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Cambrian Services Limited (Registered number: 11543137)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,753 35,670

CURRENT ASSETS
Debtors 5 2,412,744 2,278,256
Cash at bank 951,554 984,131
3,364,298 3,262,387
CREDITORS
Amounts falling due within one year 6 3,273,019 3,288,495
NET CURRENT ASSETS/(LIABILITIES) 91,279 (26,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,032

9,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 117,932 9,462
118,032 9,562

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mr H G Jones - Director


Cambrian Services Limited (Registered number: 11543137)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Cambrian Services Limited 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amount in these financial statements are rounded to the nearest £.

These financial statements have been prepared on a going concern basis.

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

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.

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.

Long-term contracts
Profit on long-term contracts is recognised as the work is carried out if the financial outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related contract costs as contract activity progress.

Contract costs are recognised as the higher of actual cost to date or costs as a proportion of final costs, using the reference of turnover to date as a proportion of final turnover.

Revenue derived from variations on contracts are recognised only when they have been accepted by the customer.

Full provision is made for losses on all contracts in the year in which they are first foreseen.

Cambrian Services Limited (Registered number: 11543137)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs.

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 75,001
DEPRECIATION
At 1 April 2023 39,331
Charge for year 8,917
At 31 March 2024 48,248
NET BOOK VALUE
At 31 March 2024 26,753
At 31 March 2023 35,670

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,298,609 2,161,346
Amounts recoverable on contract 10,500 13,643
Other debtors 1,789 1,421
2,310,898 2,176,410

Amounts falling due after more than one year:
Other debtors 101,846 101,846

Aggregate amounts 2,412,744 2,278,256

Cambrian Services Limited (Registered number: 11543137)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 996,737 365,685
Amounts owed to group undertakings 1,607,066 2,432,662
Taxation and social security 18,816 (7,368 )
Other creditors 650,400 497,516
3,273,019 3,288,495

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jason Matischok (Senior Statutory Auditor)
for and on behalf of Salisbury & Company Business Solutions Limited

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr H G Jones, who owns all the equity and capital of Jones Bros Ruthin Co Limited.

9. ULTIMATE PARENT COMPANY

Jones Bros Ruthin Co Limited is regarded by the directors as being the company's ultimate parent company.

The immediate and ultimate parent company is Jones Bros Ruthin Co Limited.