Cumberworth Building Products Ltd 09989415 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of the wholesale of building products. Digita Accounts Production Advanced 6.30.9574.0 true true 09989415 2023-03-01 2024-02-29 09989415 2024-02-29 09989415 bus:OrdinaryShareClass1 2024-02-29 09989415 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-02-29 09989415 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-02-29 09989415 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-02-29 09989415 core:CurrentFinancialInstruments 2024-02-29 09989415 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09989415 core:Non-currentFinancialInstruments 2024-02-29 09989415 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 09989415 core:MotorVehicles 2024-02-29 09989415 bus:SmallEntities 2023-03-01 2024-02-29 09989415 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09989415 bus:FullAccounts 2023-03-01 2024-02-29 09989415 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09989415 bus:RegisteredOffice 2023-03-01 2024-02-29 09989415 bus:Director1 2023-03-01 2024-02-29 09989415 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 09989415 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09989415 core:MotorVehicles 2023-03-01 2024-02-29 09989415 core:AllAssociates 2023-03-01 2024-02-29 09989415 countries:EnglandWales 2023-03-01 2024-02-29 09989415 2023-02-28 09989415 core:MotorVehicles 2023-02-28 09989415 2022-03-01 2023-02-28 09989415 2023-02-28 09989415 bus:OrdinaryShareClass1 2023-02-28 09989415 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-02-28 09989415 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-02-28 09989415 core:CurrentFinancialInstruments 2023-02-28 09989415 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09989415 core:Non-currentFinancialInstruments 2023-02-28 09989415 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 09989415 core:MotorVehicles 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09989415

Cumberworth Building Products Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Cumberworth Building Products Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Cumberworth Building Products Ltd

Company Information





 

Director




 

J Thackra

Registered office





 

Unit 1 Sovereign Business Park
Barnsley Road, Shepley
Huddersfield
West Yorkshire
HD8 8FW

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Cumberworth Building Products Ltd

Director's Report
for the Year Ended 29 February 2024

The director presents his report and the financial statements for the year ended 29 February 2024.

Director of the company

The director who held office during the year was as follows:

J Thackra

Principal activity

The principal activity of the company is that of the wholesale of building products.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 November 2024
 

.........................................
J Thackra
Director

 

Cumberworth Building Products Ltd

(Registration number: 09989415 )
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

70,453

102,138

Other financial assets

5

1,300

1,300

 

71,753

103,438

Current assets

 

Stocks

6

327,671

269,671

Debtors

7

360,845

471,381

Cash at bank and in hand

 

466,154

414,310

 

1,154,670

1,155,362

Creditors: Amounts falling due within one year

8

(854,277)

(996,601)

Net current assets

 

300,393

158,761

Total assets less current liabilities

 

372,146

262,199

Creditors: Amounts falling due after more than one year

8

(26,977)

(60,319)

Net assets

 

345,169

201,880

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

345,168

201,879

Shareholders' funds

 

345,169

201,880

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Cumberworth Building Products Ltd

(Registration number: 09989415 )
Balance Sheet as at 29 February 2024

Approved and authorised by the director on 8 November 2024
 

.........................................
J Thackra
Director

 

Cumberworth Building Products Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Sovereign Business Park
Barnsley Road, Shepley
Huddersfield
West Yorkshire
HD8 8FW
England

These financial statements were authorised for issue by the director on 8 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cumberworth Building Products Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% on cost

Investments

Investments in unlisted shares are included 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Cumberworth Building Products Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Cumberworth Building Products Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 8).

 

Cumberworth Building Products Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

277,050

277,050

Additions

59,740

59,740

Disposals

(27,020)

(27,020)

At 29 February 2024

309,770

309,770

Depreciation

At 1 March 2023

174,912

174,912

Charge for the year

71,425

71,425

Eliminated on disposal

(7,020)

(7,020)

At 29 February 2024

239,317

239,317

Carrying amount

At 29 February 2024

70,453

70,453

At 28 February 2023

102,138

102,138

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

1,300

1,300

At 29 February 2024

1,300

1,300

Impairment

Carrying amount

At 29 February 2024

1,300

1,300

 

Cumberworth Building Products Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

6

Stocks

2024
£

2023
£

Other inventories

327,671

269,671

7

Debtors

Current

2024
£

2023
£

Trade debtors

353,200

460,505

Prepayments

1,744

5,876

Other debtors

5,901

5,000

 

360,845

471,381

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

52,841

49,084

Trade creditors

 

354,790

424,180

Taxation and social security

 

69,564

35,823

Accruals and deferred income

 

8,750

750

Other creditors

 

368,332

486,764

 

854,277

996,601

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

26,977

60,319

 

Cumberworth Building Products Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

15,294

22,564

Hire purchase contracts

11,683

37,755

26,977

60,319

2024
£

2023
£

Current loans and borrowings

Bank borrowings

7,986

10,648

Hire purchase contracts

44,855

38,436

52,841

49,084

11

Related party transactions

Summary of transactions with associates

Included in Other Creditors is £366,711 (2023 £471,808) owed by CWS (West Yorkshire) Ltd, a company under common control.