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REGISTERED NUMBER: 06628031 (England and Wales)














CITY RESTORATION LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CITY RESTORATION LTD (REGISTERED NUMBER: 06628031)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CITY RESTORATION LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: R C Beckett
S P Everett



SECRETARY:



REGISTERED OFFICE: 21B Queensway Business Centre
Queensway
Enfield
EN3 4SZ



REGISTERED NUMBER: 06628031 (England and Wales)



ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH



BANKERS: Lloyds Bank plc
20 North Street
Bishops Stortford
Hertfordshire
CM23 2LN

CITY RESTORATION LTD (REGISTERED NUMBER: 06628031)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,512 126,025
Investments 5 2 2
137,514 126,027

CURRENT ASSETS
Stocks 180,000 181,300
Debtors 831,314 465,987
Cash at bank and in hand 227,476 165,834
1,238,790 813,121
CREDITORS
Amounts falling due within one year 607,777 352,745
NET CURRENT ASSETS 631,013 460,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,527

586,403

CREDITORS
Amounts falling due after more than one
year

20,094

42,804
NET ASSETS 748,433 543,599

CAPITAL AND RESERVES
Called up share capital 2,100 2,100
Retained earnings 746,333 541,499
SHAREHOLDERS' FUNDS 748,433 543,599

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 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.

CITY RESTORATION LTD (REGISTERED NUMBER: 06628031)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:




R C Beckett - Director



S P Everett - Director


CITY RESTORATION LTD (REGISTERED NUMBER: 06628031)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

City Restoration 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.

In respect of long-term contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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.
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

CITY RESTORATION LTD (REGISTERED NUMBER: 06628031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 322,250
Additions 52,709
Disposals (65,199 )
At 31 March 2024 309,760
DEPRECIATION
At 1 April 2023 196,225
Charge for year 30,750
Eliminated on disposal (54,727 )
At 31 March 2024 172,248
NET BOOK VALUE
At 31 March 2024 137,512
At 31 March 2023 126,025

CITY RESTORATION LTD (REGISTERED NUMBER: 06628031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

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 April 2023 98,178
Disposals (23,204 )
Transfer to ownership (12,386 )
At 31 March 2024 62,588
DEPRECIATION
At 1 April 2023 45,276
Charge for year 10,858
Eliminated on disposal (17,941 )
Transfer to ownership (8,180 )
At 31 March 2024 30,013
NET BOOK VALUE
At 31 March 2024 32,575
At 31 March 2023 52,902

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 21,625 35,915