14 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 201,683 201,683 xbrli:pure xbrli:shares iso4217:GBP 03494447 2023-10-01 2024-09-30 03494447 2024-09-30 03494447 2023-09-30 03494447 2022-10-01 2023-09-30 03494447 2023-09-30 03494447 2022-09-30 03494447 bus:Director1 2023-10-01 2024-09-30 03494447 core:NetGoodwill 2024-09-30 03494447 core:PlantMachinery 2023-09-30 03494447 core:MotorVehicles 2023-09-30 03494447 core:PlantMachinery 2024-09-30 03494447 core:MotorVehicles 2024-09-30 03494447 core:PlantMachinery 2023-10-01 2024-09-30 03494447 core:MotorVehicles 2023-10-01 2024-09-30 03494447 core:WithinOneYear 2024-09-30 03494447 core:WithinOneYear 2023-09-30 03494447 core:AfterOneYear 2024-09-30 03494447 core:AfterOneYear 2023-09-30 03494447 core:ShareCapital 2024-09-30 03494447 core:ShareCapital 2023-09-30 03494447 core:RetainedEarningsAccumulatedLosses 2024-09-30 03494447 core:RetainedEarningsAccumulatedLosses 2023-09-30 03494447 core:PlantMachinery 2023-09-30 03494447 core:MotorVehicles 2023-09-30 03494447 bus:SmallEntities 2023-10-01 2024-09-30 03494447 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03494447 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03494447 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03494447 bus:FullAccounts 2023-10-01 2024-09-30 03494447 core:ComputerEquipment 2023-09-30 03494447 core:ComputerEquipment 2023-10-01 2024-09-30 03494447 core:ComputerEquipment 2024-09-30 03494447 core:AfterOneYear 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 03494447
C J Engineering (Thetford) Limited
Unaudited financial statements
30 September 2024
C J Engineering (Thetford) Limited
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
172,032
223,857
Current assets
Stocks
12,000
8,000
Debtors
7
275,773
203,133
Cash at bank and in hand
225,570
183,522
---------
---------
513,343
394,655
Creditors: Amounts falling due within one year
8
( 208,021)
( 147,251)
---------
---------
Net current assets
305,322
247,404
---------
---------
Total assets less current liabilities
477,354
471,261
Creditors: Amounts falling due after more than one year
9
( 48,114)
( 69,563)
Provisions
Taxation including deferred tax
( 42,496)
( 51,854)
Accruals and deferred income
( 31,938)
( 31,204)
---------
---------
Net assets
354,806
318,640
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
354,606
318,440
---------
---------
Shareholders funds
354,806
318,640
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 30 September 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 .
C J Engineering (Thetford) Limited
Statement of financial position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 18 December 2024 , and are signed on behalf of the board by:
K P Locke
Director
Company registration number: 03494447
C J Engineering (Thetford) Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Faraday Place, Thetford, Norfolk, IP24 3RG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
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
-
25% reducing balance
Motor vehicles
-
20% reducing balance
Office equipment
-
25% / 33% straight line
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 stock to its present location and condition.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expenses 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.
4. Employee numbers
The average number of employees during the year was 14 (2023: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
201,683
---------
Amortisation
At 1 October 2023 and 30 September 2024
201,683
---------
Carrying amount
At 30 September 2024
---------
At 30 September 2023
---------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2023
539,133
14,300
8,168
561,601
Additions
4,255
833
5,088
---------
-------
------
---------
At 30 September 2024
543,388
14,300
9,001
566,689
---------
-------
------
---------
Depreciation
At 1 October 2023
323,856
9,322
4,566
337,744
Charge for the year
54,883
996
1,034
56,913
---------
-------
------
---------
At 30 September 2024
378,739
10,318
5,600
394,657
---------
-------
------
---------
Carrying amount
At 30 September 2024
164,649
3,982
3,401
172,032
---------
-------
------
---------
At 30 September 2023
215,277
4,978
3,602
223,857
---------
-------
------
---------
7. Debtors
2024
2023
£
£
Trade debtors
212,630
198,557
Other debtors
63,143
4,576
---------
---------
275,773
203,133
---------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
100,229
44,163
Social security and other taxes
85,239
54,195
Other creditors
22,553
48,893
---------
---------
208,021
147,251
---------
---------
Net obligations held under hire purchase contracts are secured on the assets concerned as disclosed in other creditors.
9. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Other creditors
48,114
69,563
-------
-------
Net obligations held under hire purchase contracts are secured on the assets concerned as disclosed in other creditors.
10. Directors' advances, credits and guarantees
At the balance sheet date, £59,069 (2023: £21,187 creditor) was owed to the company by the directors as follows: K Locke £21,293 (2023: £10,797 creditor) N Locke £37,776 (2023: £10,390 creditor) Interest has been charged on the loans at the official rate.