Registered number
02511824
Cheltenham & Gloucester Cladding Limited
Filleted Accounts
31 August 2024
Cheltenham & Gloucester Cladding Limited
Company Information
Directors
I R Anderson
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Unit 14
Alstone Lane Trading Estate
Cheltenham
Glos
Registered number
02511824
Cheltenham & Gloucester Cladding Limited
Registered number: 02511824
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,495 -
Current assets
Stocks 40,000 40,000
Debtors 4 283,333 283,673
323,333 323,673
Creditors: amounts falling due within one year 5 (260,707) (263,458)
Net current assets 62,626 60,215
Total assets less current liabilities 85,121 60,215
Creditors: amounts falling due after more than one year 6 (74,601) (73,892)
Net assets/(liabilities) 10,520 (13,677)
Capital and reserves
Called up share capital 150 150
Profit and loss account 10,370 (13,827)
Shareholders' funds 10,520 (13,677)
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.
I R Anderson
Director
Approved by the board on 30 September 2024
Cheltenham & Gloucester Cladding Limited
Notes to the Accounts
for the year ended 31 August 2024
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:
Leasehold property 10% straight line
Plant machinery fixtures and equipment 25% straight line
Motor vehicles 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Leasehold property Plant machinery fixtures & equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 3,329 61,480 117,511 182,320
Additions - - 29,995 29,995
At 31 August 2024 3,329 61,480 147,506 212,315
Depreciation
At 1 September 2023 3,329 61,480 117,511 182,320
Charge for the year - - 7,500 7,500
At 31 August 2024 3,329 61,480 125,011 189,820
Net book value
At 31 August 2024 - - 22,495 22,495
4 Debtors 2024 2023
£ £
Trade debtors 136,330 139,146
Directors loan account 77,387 67,695
Other debtors 69,616 76,832
283,333 283,673
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 98,947 68,449
Trade creditors 113,170 183,239
Taxation and social security costs 46,090 4,828
Other creditors 2,500 6,942
260,707 263,458
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 37,091 65,315
Obligations under finance lease and hire purchase contracts 37,510 8,577
74,601 73,892
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 3,615 3,299
8 Controlling party
The company is controlled by the director.
9 Other information
Cheltenham & Gloucester Cladding Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 14
Alstone Lane Trading Estate
Cheltenham
Glos
Cheltenham & Gloucester Cladding Limited 02511824 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2024 No description of principal activity 02511824 2022-09-01 2023-08-31 02511824 core:WithinOneYear 2023-08-31 02511824 core:AfterOneYear 2023-08-31 02511824 core:ShareCapital 2023-08-31 02511824 core:RetainedEarningsAccumulatedLosses 2023-08-31 02511824 core:AllPeriods 2023-08-31 02511824 2023-09-01 2024-08-31 02511824 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02511824 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 02511824 bus:Director1 2023-09-01 2024-08-31 02511824 1 2023-09-01 2024-08-31 02511824 2 2023-09-01 2024-08-31 02511824 core:LandBuildings 2023-09-01 2024-08-31 02511824 core:PlantMachinery 2023-09-01 2024-08-31 02511824 core:Vehicles 2023-09-01 2024-08-31 02511824 countries:England 2023-09-01 2024-08-31 02511824 bus:FRS102 2023-09-01 2024-08-31 02511824 bus:FilletedAccounts 2023-09-01 2024-08-31 02511824 2024-08-31 02511824 core:WithinOneYear 2024-08-31 02511824 core:AfterOneYear 2024-08-31 02511824 core:ShareCapital 2024-08-31 02511824 core:RetainedEarningsAccumulatedLosses 2024-08-31 02511824 core:LandBuildings 2024-08-31 02511824 core:PlantMachinery 2024-08-31 02511824 core:Vehicles 2024-08-31 02511824 core:AllPeriods 2024-08-31 02511824 2023-08-31 02511824 core:LandBuildings 2023-08-31 02511824 core:PlantMachinery 2023-08-31 02511824 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure