Registered number
06472105
CSW Loft Conversions Ltd
Filleted Accounts
31 January 2024
CSW Loft Conversions Ltd
Registered number: 06472105
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,718 16,957
Current assets
Stocks 4,000 4,000
Debtors 4 70,515 65,873
Cash at bank and in hand 97,987 49,396
172,502 119,269
Creditors: amounts falling due within one year 5 (159,270) (106,824)
Net current assets 13,232 12,445
Total assets less current liabilities 25,950 29,402
Creditors: amounts falling due after more than one year 6 (18,809) (22,687)
Net assets 7,141 6,715
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,041 6,615
Shareholders' funds 7,141 6,715
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ryan Earrey
Director
Approved by the board on 29 October 2024
CSW Loft Conversions Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 22
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 397 37,779 38,176
At 31 January 2024 397 37,779 38,176
Depreciation
At 1 February 2023 345 20,874 21,219
Charge for the year 13 4,226 4,239
At 31 January 2024 358 25,100 25,458
Net book value
At 31 January 2024 39 12,679 12,718
At 31 January 2023 52 16,905 16,957
4 Debtors 2024 2023
£ £
Trade debtors 33,106 28,622
Other debtors 37,409 37,251
70,515 65,873
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 3,878 3,878
Trade creditors 68,002 42,357
Taxation and social security costs 86,665 59,864
Other creditors 725 725
159,270 106,824
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 18,809 22,687
7 Controlling party
The company is under the control of the directors of the company, by virtue of their holding of the voting shares in the company.
8 Other information
CSW Loft Conversions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 Willoughby Close
Bristol
BS13 7NL
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