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Company registration number: 14175546
CJ Facades Ltd
Unaudited filleted financial statements
30 June 2024
CJ Facades Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
CJ Facades Ltd
Directors and other information
Directors Mr C Lee
Mr J Butterworth
Company number 14175546
Registered office 4 Crossfield Close
Stalybridge
SK15 2DG
Accountant JP Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
CJ Facades Ltd
Statement of financial position
30 June 2024
30/06/24 30/06/23
Note £ £ £ £
Fixed assets
Tangible assets 6 43,255 34,678
_______ _______
43,255 34,678
Current assets
Debtors 7 107,585 35,533
Cash at bank and in hand 70,594 79,693
_______ _______
178,179 115,226
Creditors: amounts falling due
within one year 8 ( 64,182) ( 43,142)
_______ _______
Net current assets 113,997 72,084
_______ _______
Total assets less current liabilities 157,252 106,762
Creditors: amounts falling due
after more than one year 9 - ( 25,366)
_______ _______
Net assets 157,252 81,396
_______ _______
Capital and reserves
Called up share capital 10 4 2
Profit and loss account 157,248 81,394
_______ _______
Shareholders funds 157,252 81,396
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 October 2024 , and are signed on behalf of the board by:
Mr C Lee
Director
Company registration number: 14175546
CJ Facades Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 4 Crossfield Close, Stalybridge, SK15 2DG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. 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. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
The aggregate payroll costs incurred during the year were:
Year Period
ended ended
30/06/24 30/06/23
£ £
Wages and salaries 25,140 24,141
_______ _______
5. Dividends
Equity dividends
Year Period
ended ended
30/06/24 30/06/23
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior period) 125,000 80,000
_______ _______
6. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 July 2023 36,990 36,990
Additions 22,995 22,995
_______ _______
At 30 June 2024 59,985 59,985
_______ _______
Depreciation
At 1 July 2023 2,312 2,312
Charge for the year 14,418 14,418
_______ _______
At 30 June 2024 16,730 16,730
_______ _______
Carrying amount
At 30 June 2024 43,255 43,255
_______ _______
At 30 June 2023 34,678 34,678
_______ _______
7. Debtors
30/06/24 30/06/23
£ £
Trade debtors 13,003 -
Other debtors 94,582 35,533
_______ _______
107,585 35,533
_______ _______
8. Creditors: amounts falling due within one year
30/06/24 30/06/23
£ £
Corporation tax 64,093 32,316
Other creditors 89 10,826
_______ _______
64,182 43,142
_______ _______
9. Creditors: amounts falling due after more than one year
30/06/24 30/06/23
£ £
Other creditors - 25,366
_______ _______
10. Called up share capital
Issued, called up and fully paid
30/06/24 30/06/23
No £ No £
Ordinary shares shares of £ 1.00 each 2 2 2 2
Ordinary 'A' Shares shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______
4 4 4 4
_______ _______ _______ _______
On 31 December 2023 there were two new ordinary 'A' shares issued at par value.
11. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 30/06/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr C Lee ( 1,279) 1,237 ( 42)
Mr J Butterworth ( 1,339) 1,292 ( 47)
_______ _______ _______
( 2,618) 2,529 ( 89)
_______ _______ _______
Period ended 30/06/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr C Lee - ( 1,279) ( 1,279)
Mr J Butterworth - ( 1,339) ( 1,339)
_______ _______ _______
- ( 2,618) ( 2,618)
_______ _______ _______