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REGISTERED NUMBER: 00727111 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED

C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 00727111)

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


C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C Chapman





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park
Hampton
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 00727111 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 00727111)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,164 38,198

CURRENT ASSETS
Stocks 5 87,362 92,107
Debtors 6 226,638 280,473
Cash at bank and in hand 21,786 1,514
335,786 374,094
CREDITORS
Amounts falling due within one year 7 187,062 226,821
NET CURRENT ASSETS 148,724 147,273
TOTAL ASSETS LESS CURRENT LIABILITIES 180,888 185,471

PROVISIONS FOR LIABILITIES 9 3,164 4,971
NET ASSETS 177,724 180,500

CAPITAL AND RESERVES
Called up share capital 10 15,020 15,020
Retained earnings 162,704 165,480
SHAREHOLDERS' FUNDS 177,724 180,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 21 October 2024 and were signed by:




C Chapman - Director


C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 00727111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

C.B.Tool Engineers (Cambridge) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Freehold property - 3% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 00727111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 00727111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 93,283 359,596 21,450 474,329
Additions - 229 - 229
At 31 March 2024 93,283 359,825 21,450 474,558
DEPRECIATION
At 1 April 2023 74,970 344,173 16,988 436,131
Charge for year 2,799 2,348 1,116 6,263
At 31 March 2024 77,769 346,521 18,104 442,394
NET BOOK VALUE
At 31 March 2024 15,514 13,304 3,346 32,164
At 31 March 2023 18,313 15,423 4,462 38,198

5. STOCKS
2024 2023
£    £   
Stocks 87,362 92,107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 221,385 273,723
Tax - 1,227
Prepayments 5,253 5,523
226,638 280,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) - 6,337
Trade creditors 116,443 148,984
Corporation tax 16,350 18,299
Social security and other taxes 8,097 4,381
VAT 16,082 13,499
Other creditors 15,000 20,000
Pension creditor 160 157
Directors' loan accounts 10,000 10,000
Accruals and deferred income 1,880 -
Accrued expenses 3,050 5,164
187,062 226,821

C.B.TOOL ENGINEERS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 00727111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 6,337

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,164 4,971

Deferred
tax
£   
Balance at 1 April 2023 4,971
Provided during year (1,807 )
Balance at 31 March 2024 3,164

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,600 Ordinary "A" £1 8,600 8,600
3,520 Ordinary "B" £1 3,520 3,520
2,500 Ordinary "C" £1 2,500 2,500
200 Ordinary "D" £1 200 200
200 Ordinary "E" £1 200 200
15,020 15,020

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,835 (2023 - £42,703) were paid to the director .

Included in creditors is an amount owed to the director, Mr C Chapman, of £10,000 (2023: £10,000). This loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

Mr C Chapman is the controlling party by virtue of his 57% shareholding.