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Company Registration No. 03980397 (England and Wales)
CGH Technology Ltd Unaudited accounts for the year ended 30 April 2024
CGH Technology Ltd Unaudited accounts Contents
Page
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CGH Technology Ltd Company Information for the year ended 30 April 2024
Directors
Paul Richard Gillgrass Michael James Cowley
Secretary
Michael James Cowley
Company Number
03980397 (England and Wales)
Registered Office
PERSEVERANCE MILLS HUDDERSFIELD ROAD MIRFIELD WEST YORKSHIRE WF14 9DL ENGLAND
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CGH Technology Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,100 
4,100 
Current assets
Debtors
155,088 
212,177 
Cash at bank and in hand
51,348 
109,618 
206,436 
321,795 
Creditors: amounts falling due within one year
(133,787)
(233,262)
Net current assets
72,649 
88,533 
Total assets less current liabilities
76,749 
92,633 
Creditors: amounts falling due after more than one year
(10,833)
(21,667)
Net assets
65,916 
70,966 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
64,916 
69,966 
Shareholders' funds
65,916 
70,966 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by
Michael James Cowley Director Company Registration No. 03980397
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CGH Technology Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
CGH Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 03980397. The registered office is PERSEVERANCE MILLS, HUDDERSFIELD ROAD, MIRFIELD, WEST YORKSHIRE, WF14 9DL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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. Sales are shown excluding VAT and net of discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and are written off over the estimated life of the asset.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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CGH Technology Ltd Notes to the Accounts for the year ended 30 April 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
4,100 
At 30 April 2024
4,100 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
4,100 
At 30 April 2023
4,100 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,441 
33,400 
Accrued income and prepayments
1,821 
4,079 
Other debtors
145,826 
174,698 
155,088 
212,177 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
110,303 
124,890 
Amounts owed to group undertakings and other participating interests
4,100 
4,100 
Taxes and social security
858 
49,631 
Other creditors
5,188 
5,534 
Accruals
3,338 
39,107 
133,787 
233,262 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,833 
21,667 
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CGH Technology Ltd Notes to the Accounts for the year ended 30 April 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Pension commitments
The company operates a defined contribution scheme on behalf of it's employees.
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Richard Gillgrass
Overdrawn current account
21,158 
- 
9,780 
11,378 
Michael James Cowley
Overdrawn current account
110,340 
- 
10,434 
99,906 
131,498 
- 
20,214 
111,284 
11
Average number of employees
During the year the average number of employees was 3 (2023: 6).
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