18
31/03/2024
2024-03-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
false
No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 24.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
08112174
2023-04-01
2024-03-31
08112174
2024-03-31
08112174
2023-03-31
08112174
2022-04-01
2023-03-31
08112174
2023-03-31
08112174
2022-03-31
08112174
core:PlantMachinery
2023-04-01
2024-03-31
08112174
core:FurnitureFittingsToolsEquipment
2023-04-01
2024-03-31
08112174
core:MotorVehicles
2023-04-01
2024-03-31
08112174
bus:RegisteredOffice
2023-04-01
2024-03-31
08112174
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
08112174
bus:Director1
2023-04-01
2024-03-31
08112174
bus:Director2
2023-04-01
2024-03-31
08112174
bus:Director3
2023-04-01
2024-03-31
08112174
bus:Director4
2023-04-01
2024-03-31
08112174
bus:Director5
2023-04-01
2024-03-31
08112174
bus:Director7
2023-04-01
2024-03-31
08112174
bus:Director8
2023-04-01
2024-03-31
08112174
core:PlantMachinery
2023-03-31
08112174
core:FurnitureFittingsToolsEquipment
2023-03-31
08112174
core:MotorVehicles
2023-03-31
08112174
core:PlantMachinery
2024-03-31
08112174
core:FurnitureFittingsToolsEquipment
2024-03-31
08112174
core:MotorVehicles
2024-03-31
08112174
core:WithinOneYear
2024-03-31
08112174
core:WithinOneYear
2023-03-31
08112174
core:AfterOneYear
2023-03-31
08112174
core:ShareCapital
2024-03-31
08112174
core:ShareCapital
2023-03-31
08112174
core:SharePremium
2024-03-31
08112174
core:SharePremium
2023-03-31
08112174
core:RetainedEarningsAccumulatedLosses
2024-03-31
08112174
core:RetainedEarningsAccumulatedLosses
2023-03-31
08112174
core:PlantMachinery
2023-03-31
08112174
core:FurnitureFittingsToolsEquipment
2023-03-31
08112174
core:MotorVehicles
2023-03-31
08112174
bus:SmallEntities
2023-04-01
2024-03-31
08112174
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
08112174
bus:FullAccounts
2023-04-01
2024-03-31
08112174
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
08112174
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
Company registration number:
08112174
Complete Wall Solutions Limited
Unaudited filleted financial statements
31 March 2024
Complete Wall Solutions Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Complete Wall Solutions Limited
Directors and other information
|
|
|
|
Directors |
T Banks |
|
|
R Payne |
|
|
B J Gillibrand |
|
|
P Graham |
|
|
P O'Donnell |
|
|
S Mooney |
|
|
A Deary |
|
|
|
|
|
|
|
Company number |
08112174 |
|
|
|
|
|
|
|
Registered office |
Parkgates |
|
|
Bury New Road |
|
|
Prestwich |
|
|
Manchester |
|
|
M25 0JW |
|
|
|
|
|
|
|
Business address |
The Factory |
|
|
34a Water Lane Street |
|
|
Radcliffe |
|
|
Manchester |
|
|
M26 4BG |
|
|
|
|
|
|
|
Accountants |
Alexander Bursk Limited |
|
|
Parkgates |
|
|
Bury N ew Road |
|
|
Prestwich |
|
|
Manchester |
|
|
M25 0JW |
|
|
|
Complete Wall Solutions Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Complete Wall Solutions Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Complete Wall Solutions Limited for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the board of directors of Complete Wall Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Complete Wall Solutions Limited and state those matters that we have agreed to state to the board of directors of Complete Wall Solutions Limited as a body, in this report To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Complete Wall Solutions Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Complete Wall Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Complete Wall Solutions Limited. You consider that Complete Wall Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Complete Wall Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Alexander Bursk Limited
Parkgates
Bury N ew Road
Prestwich
Manchester
M25 0JW
30 July 2024
Complete Wall Solutions Limited
Statement of financial position
31 March 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
70,630 |
|
|
|
94,903 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
70,630 |
|
|
|
94,903 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
1,000,000 |
|
|
|
1,300,000 |
|
|
Debtors |
|
6 |
1,624,193 |
|
|
|
2,003,355 |
|
|
Cash at bank and in hand |
|
|
125,717 |
|
|
|
28,870 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
2,749,910 |
|
|
|
3,332,225 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
1,853,110) |
|
|
|
(
3,029,804) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
896,800 |
|
|
|
302,421 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
967,430 |
|
|
|
397,324 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
- |
|
|
|
(
25,245) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
967,430 |
|
|
|
372,079 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
117 |
|
|
|
117 |
Share premium account |
|
|
|
|
18,690 |
|
|
|
18,690 |
Profit and loss account |
|
|
|
|
948,623 |
|
|
|
353,272 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
967,430 |
|
|
|
372,079 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 November 2024
, and are signed on behalf of the board by:
T Banks
Director
Company registration number:
08112174
Complete Wall Solutions Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Parkgates, Bury New Road, Prestwich, Manchester, M25 0JW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
15 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
15 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2023:
15
).
5.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2023 |
82,589 |
12,878 |
55,574 |
151,041 |
|
|
|
|
Additions |
15,695 |
1,647 |
15,000 |
32,342 |
|
|
|
|
Disposals |
(
49,835) |
- |
- |
(
49,835) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2024 |
48,449 |
14,525 |
70,574 |
133,548 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2023 |
22,523 |
3,713 |
29,902 |
56,138 |
|
|
|
|
Charge for the year |
5,460 |
1,623 |
10,168 |
17,251 |
|
|
|
|
Disposals |
(
10,471) |
- |
- |
(
10,471) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2024 |
17,512 |
5,336 |
40,070 |
62,918 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
30,937 |
9,189 |
30,504 |
70,630 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2023 |
60,066 |
9,165 |
25,672 |
94,903 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
1,422,531 |
1,588,792 |
|
Other debtors |
|
201,662 |
414,563 |
|
|
|
_______ |
_______ |
|
|
|
1,624,193 |
2,003,355 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
235,535 |
143,484 |
|
Trade creditors |
|
1,411,015 |
2,539,813 |
|
Social security and other taxes |
|
7,864 |
24,762 |
|
Other creditors |
|
198,696 |
321,745 |
|
|
|
_______ |
_______ |
|
|
|
1,853,110 |
3,029,804 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
- |
25,245 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
10.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
Balance owed by/(owed to) |
|
|
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
Complete Fire Solutions NW Ltd |
- |
- |
(7,584) |
(7,446) |
|
Complete Housing Solutions Ltd |
- |
- |
2,384
|
2,384
|
|
Complete Cutting Services Limited |
- |
- |
(88) |
- |
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
R Payne
, T Banks
and B Gillibrand are also directors of Complete Fire Solutions NW Ltd. R Payne, T Banks
, B Gillibrand and P Graham
are also directors of Complete Housing Solutions Ltd.
11.
Controlling party
The company is controlled by Mr T Banks and Mr R Payne, who are both directors