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REGISTERED NUMBER: 03555819 (England and Wales)










Unaudited Financial Statements

For The Year Ended 30 April 2024

for

C & G Services (Europe) Limited

C & G Services (Europe) Limited (Registered number: 03555819)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & G Services (Europe) Limited

Company Information
For The Year Ended 30 April 2024







DIRECTORS: R C Oldmeadow
Mrs J E Oldmeadow
Mrs H I Bird
K E J Parsons
J K Powney





SECRETARY: Mrs J E Oldmeadow





REGISTERED OFFICE: 201 The Waterfront
Stonehouse Business Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 03555819 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

C & G Services (Europe) Limited (Registered number: 03555819)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 896,372 869,099

CURRENT ASSETS
Stocks 9,897 7,447
Debtors 5 401,282 444,203
Cash at bank 548,041 601,522
959,220 1,053,172
CREDITORS
Amounts falling due within one year 6 420,812 496,533
NET CURRENT ASSETS 538,408 556,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,434,780

1,425,738

PROVISIONS FOR LIABILITIES 24,118 14,359
NET ASSETS 1,410,662 1,411,379

CAPITAL AND RESERVES
Called up share capital 113 113
Revaluation reserve 7 148,041 148,041
Retained earnings 1,262,508 1,263,225
SHAREHOLDERS' FUNDS 1,410,662 1,411,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

C & G Services (Europe) Limited (Registered number: 03555819)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




R C Oldmeadow - Director



Mrs J E Oldmeadow - Director


C & G Services (Europe) Limited (Registered number: 03555819)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

C & G Services (Europe) Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable to UK and the Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention modified by the revaluation of freehold land and buildings.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Where training is invoiced in advance of delivery, the income is deferred and only recognised upon delivery of that training.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

No depreciation is provided on freehold buildings because in the Directors' opinion the real (inflation adjusted) estimated residual value is not less than the carrying value in accounts.

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

C & G Services (Europe) Limited (Registered number: 03555819)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, are recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised at transaction price.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.


C & G Services (Europe) Limited (Registered number: 03555819)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 May 2023 778,491 220,659 79,012
Additions - - 5,146
Disposals - - -
At 30 April 2024 778,491 220,659 84,158
DEPRECIATION
At 1 May 2023 - 205,623 72,733
Charge for year - 14,986 3,744
Eliminated on disposal - - -
At 30 April 2024 - 220,609 76,477
NET BOOK VALUE
At 30 April 2024 778,491 50 7,681
At 30 April 2023 778,491 15,036 6,279

C & G Services (Europe) Limited (Registered number: 03555819)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 210,565 248,965 1,537,692
Additions 34,254 53,860 93,260
Disposals - (22,991 ) (22,991 )
At 30 April 2024 244,819 279,834 1,607,961
DEPRECIATION
At 1 May 2023 192,516 197,721 668,593
Charge for year 16,200 31,057 65,987
Eliminated on disposal - (22,991 ) (22,991 )
At 30 April 2024 208,716 205,787 711,589
NET BOOK VALUE
At 30 April 2024 36,103 74,047 896,372
At 30 April 2023 18,049 51,244 869,099

Freehold land and buildings were valued on an open market basis on 9 April 2015 by A W Watton Property Consultants at £750,000.

If the freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.04.202430.04.2023
£ £
798,661785,561


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 223,413 267,058
Other debtors 177,869 177,145
401,282 444,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 157,817 194,933
Taxation and social security 106,665 129,044
Other creditors 156,330 172,556
420,812 496,533

C & G Services (Europe) Limited (Registered number: 03555819)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

7. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 148,041