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REGISTERED NUMBER: 03333756 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

C.W. Surfacing Ltd.

C.W. Surfacing Ltd. (Registered number: 03333756)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.W. Surfacing Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S H Wenham
Mr L C Wenham
Mrs L A Wenham
Mr C Wenham





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 03333756 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

C.W. Surfacing Ltd. (Registered number: 03333756)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,028,123 1,200,103

CURRENT ASSETS
Stocks 48,195 16,929
Debtors 5 1,498,129 1,528,907
Cash at bank - 239,304
1,546,324 1,785,140
CREDITORS
Amounts falling due within one year 6 1,879,386 1,971,479
NET CURRENT LIABILITIES (333,062 ) (186,339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

695,061

1,013,764

CREDITORS
Amounts falling due after more than one
year

7

189,027

579,772
NET ASSETS 506,034 433,992

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 505,909 433,867
506,034 433,992

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:




Mr L C Wenham - Director


C.W. Surfacing Ltd. (Registered number: 03333756)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

C.W. Surfacing 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 45 (2023 - 50 ) .

C.W. Surfacing Ltd. (Registered number: 03333756)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,091,461 39,538 1,165,328 11,720 2,308,047
Additions 45,395 7,767 35,240 5,264 93,666
Disposals (65,000 ) - (22,995 ) (1,598 ) (89,593 )
At 31 March 2024 1,071,856 47,305 1,177,573 15,386 2,312,120
DEPRECIATION
At 1 April 2023 543,301 25,282 536,602 2,759 1,107,944
Charge for year 62,151 4,099 155,379 2,924 224,553
Eliminated on disposal (40,674 ) - (6,228 ) (1,598 ) (48,500 )
At 31 March 2024 564,778 29,381 685,753 4,085 1,283,997
NET BOOK VALUE
At 31 March 2024 507,078 17,924 491,820 11,301 1,028,123
At 31 March 2023 548,160 14,256 628,726 8,961 1,200,103

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 880,624 819,034
Other debtors 617,505 709,873
1,498,129 1,528,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 81,443 155,480
Hire purchase contracts 210,028 286,740
Trade creditors 691,647 897,377
Taxation and social security 258,789 96,468
Other creditors 637,479 535,414
1,879,386 1,971,479

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 173,239
Hire purchase contracts 189,027 406,533
189,027 579,772