Company registration number 12415949 (England and Wales)
CB Business Recovery Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
CB Business Recovery Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
CB Business Recovery Ltd
Statement of financial position
as at 30 September 2024
30 September 2024
- 1 -
30 September 2024
30 September 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
44,850
57,192
Current assets
Debtors
4
23,116
27,583
Cash at bank and in hand
74,909
48,944
98,025
76,527
Creditors: amounts falling due within one year
5
(122,484)
(85,275)
Net current liabilities
(24,459)
(8,748)
Total assets less current liabilities
20,391
48,444
Creditors: amounts falling due after more than one year
6
(13,361)
(19,087)
Net assets
7,030
29,357
Capital and reserves
Called up share capital
7
120
120
Profit and loss reserves
6,910
29,237
Total equity
7,030
29,357
CB Business Recovery Ltd
Statement of financial position (continued)
as at 30 September 2024
30 September 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 October 2024
C Brooksbank
Director
Company registration number 12415949 (England and Wales)
CB Business Recovery Ltd
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

CB Business Recovery Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
-
0
68,630
68,630
Additions
2,445
-
0
2,445
At 30 September 2024
2,445
68,630
71,075
Depreciation and impairment
At 1 October 2023
-
0
11,438
11,438
Depreciation charged in the year
489
14,298
14,787
At 30 September 2024
489
25,736
26,225
Carrying amount
At 30 September 2024
1,956
42,894
44,850
At 30 September 2023
-
0
57,192
57,192
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,532
27,583
Prepayments and accrued income
9,584
-
0
23,116
27,583
CB Business Recovery Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
5,726
5,726
Trade creditors
11,770
11,540
Corporation tax
64,322
26,917
Other taxation and social security
34,125
11,610
Other creditors
5,118
28,059
Accruals and deferred income
1,423
1,423
122,484
85,275

Obligations held under finance lease are secured against the asset to which they relate.

6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
13,361
19,087

Obligations held under finance lease are secured against the asset to which they relate.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
100
100
100
100
B Ordinary shares of £1 each
10
10
10
10
C Ordinary shares of £1 each
10
10
10
10
120
120
120
120
8
Company information

CB Business Recovery Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor Offices, Riverside Mill, Saddleworth Road, Elland, West Yorkshire, HX5 0RY.

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