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REGISTERED NUMBER: 12231812 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 30 OCTOBER 2023

FOR

COMCAT ENGINEERING SW LTD

COMCAT ENGINEERING SW LTD (REGISTERED NUMBER: 12231812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMCAT ENGINEERING SW LTD

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023







DIRECTORS: Mr R J M Parsons
Mrs B Pitts
Mrs S L Parsons



REGISTERED OFFICE: Unit 8 Allervale Buildings
Moor Park Road
Kingskerswell
Newton Abbot
Devon
TQ12 5AZ



REGISTERED NUMBER: 12231812 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
41 Courtenay Street
Newton Abbot
Devon
TQ12 2QW

COMCAT ENGINEERING SW LTD (REGISTERED NUMBER: 12231812)

BALANCE SHEET
30 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,641 75,823

CURRENT ASSETS
Stocks 5 82,000 75,000
Debtors 6 217,703 172,900
Cash at bank and in hand 33,637 27,936
333,340 275,836
CREDITORS
Amounts falling due within one year 7 351,427 232,860
NET CURRENT (LIABILITIES)/ASSETS (18,087 ) 42,976
TOTAL ASSETS LESS CURRENT LIABILITIES 67,554 118,799

CREDITORS
Amounts falling due after more than one
year

8

151,144

78,772
NET (LIABILITIES)/ASSETS (83,590 ) 40,027

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings (83,620 ) 39,997
SHAREHOLDERS' FUNDS (83,590 ) 40,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2023 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.

COMCAT ENGINEERING SW LTD (REGISTERED NUMBER: 12231812)

BALANCE SHEET - continued
30 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




Mr R J M Parsons - Director



Mrs S L Parsons - Director


COMCAT ENGINEERING SW LTD (REGISTERED NUMBER: 12231812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023


1. STATUTORY INFORMATION

Comcat Engineering SW Ltd 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. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

COMCAT ENGINEERING SW LTD (REGISTERED NUMBER: 12231812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

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.

Going concern
The company expects to meet its day to day working capital requirements by extending its creditor's terms, and will continue to do so without the need of a bank overdraft facility.

However, the director is confident that the company will trade out of its current difficulties, and this is supported by representations by the company's director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 - 24,922 87,000 3,862 115,784
Additions 6,477 4,874 21,994 587 33,932
At 30 October 2023 6,477 29,796 108,994 4,449 149,716
DEPRECIATION
At 1 November 2022 - 10,316 28,680 965 39,961
Charge for period - 2,923 20,079 1,112 24,114
At 30 October 2023 - 13,239 48,759 2,077 64,075
NET BOOK VALUE
At 30 October 2023 6,477 16,557 60,235 2,372 85,641
At 31 October 2022 - 14,606 58,320 2,897 75,823

COMCAT ENGINEERING SW LTD (REGISTERED NUMBER: 12231812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 65,870
Additions 21,994
At 30 October 2023 87,864
DEPRECIATION
At 1 November 2022 16,468
Charge for period 17,849
At 30 October 2023 34,317
NET BOOK VALUE
At 30 October 2023 53,547
At 31 October 2022 49,402

5. STOCKS
2023 2022
£    £   
Stocks 82,000 75,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 68,267 60,053
Amounts recoverable on contract 25,000 30,000
Other debtors 26,921 8,760
Directors' current accounts 94,052 65,950
VAT - 6,304
Prepayments 3,463 1,833
217,703 172,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 101,403 71,745
Hire purchase contracts 16,677 12,024
Trade creditors 183,088 86,083
Tax 22,933 8,760
Social security and other taxes 13,309 9,446
VAT 11,143 -
Other creditors 572 42,652
Accrued expenses 2,302 2,150
351,427 232,860

COMCAT ENGINEERING SW LTD (REGISTERED NUMBER: 12231812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 35,221 9,644
Bank loans - 2-5 years 68,499 25,415
Hire purchase contracts 47,424 43,713
151,144 78,772

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr R J M Parsons
Balance outstanding at start of period 65,950 (27,093 )
Amounts advanced 70,883 129,361
Amounts repaid (42,781 ) (36,318 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 94,052 65,950

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £40,000 were paid to the directors .