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REGISTERED NUMBER: 06503430 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

C POORE AND SONS LIMITED

C POORE AND SONS LIMITED (REGISTERED NUMBER: 06503430)






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


C POORE AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S G Endean
K A Poore





SECRETARY: S G Endean





REGISTERED OFFICE: Unit 2
Mill Lane
Probus
Truro
Cornwall
TR2 4HG





REGISTERED NUMBER: 06503430 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

C POORE AND SONS LIMITED (REGISTERED NUMBER: 06503430)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 20,417 25,417
Tangible assets 6 55,222 48,437
75,639 73,854

CURRENT ASSETS
Stocks 3,500 3,000
Debtors 7 156,868 175,296
Cash at bank 83,829 37,019
244,197 215,315
CREDITORS
Amounts falling due within one year 8 (109,448 ) (113,605 )
NET CURRENT ASSETS 134,749 101,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,388

175,564

CREDITORS
Amounts falling due after more than one
year

9

(13,408

)

(23,408

)

PROVISIONS FOR LIABILITIES (13,248 ) (8,752 )
NET ASSETS 183,732 143,404

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 183,632 143,304
SHAREHOLDERS' FUNDS 183,732 143,404

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 directors acknowledge their 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.

C POORE AND SONS LIMITED (REGISTERED NUMBER: 06503430)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





K A Poore - Director


C POORE AND SONS LIMITED (REGISTERED NUMBER: 06503430)

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

1. STATUTORY INFORMATION

C Poore and Sons 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Going concern
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.

Revenue is recognised with reference to the stage of completion of the projects, in conjunction with the project milestones as laid out in the contracts with customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


C POORE AND SONS LIMITED (REGISTERED NUMBER: 06503430)

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

3. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 100,000
AMORTISATION
At 1 March 2023 74,583
Charge for year 5,000
At 29 February 2024 79,583
NET BOOK VALUE
At 29 February 2024 20,417
At 28 February 2023 25,417

C POORE AND SONS LIMITED (REGISTERED NUMBER: 06503430)

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

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 48,616 120,214 3,229 172,059
Additions 25,261 - 1,256 26,517
Disposals (17,950 ) - - (17,950 )
At 29 February 2024 55,927 120,214 4,485 180,626
DEPRECIATION
At 1 March 2023 37,025 83,373 3,224 123,622
Charge for year 6,650 9,214 104 15,968
Eliminated on disposal (14,186 ) - - (14,186 )
At 29 February 2024 29,489 92,587 3,328 125,404
NET BOOK VALUE
At 29 February 2024 26,438 27,627 1,157 55,222
At 28 February 2023 11,591 36,841 5 48,437

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 17,950
DEPRECIATION
At 1 March 2023
and 29 February 2024 13,245
NET BOOK VALUE
At 29 February 2024 4,705
At 28 February 2023 4,705

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,476 89,291
Amounts recoverable on contracts 57,213 52,877
Other debtors 30,179 33,128
156,868 175,296

C POORE AND SONS LIMITED (REGISTERED NUMBER: 06503430)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 50,970 73,059
Taxation and social security 39,806 26,883
Other creditors 8,672 3,663
109,448 113,605

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,408 23,408

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
S G Endean
Balance outstanding at start of year 3,161 6,859
Amounts advanced 33,481 3,161
Amounts repaid (36,642 ) (6,859 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,161

K A Poore
Balance outstanding at start of year 1,085 4,854
Amounts advanced 33,474 1,085
Amounts repaid (34,559 ) (4,854 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,085

11. RELATED PARTY DISCLOSURES

During the year the company made sales of £416,788 (2023: £388,543) to a business which which a Director co-owns. The sales are made on normal commercial terms. £33,691 was owed to the company by the business at 29 February 2024. (2023: £70,058.)

£47,556 included within "amounts recoverable on contracts" is due from the related business at 29 February 2024. (2023: £33,881.)

At 28 February 2023, the Directors owed the company £4,246, this was repaid in full during the year. As at 29 February 2024 the company owed the Directors £2,622.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who together own 100% of the issued share capital.