CGS Management Limited 13342118 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is management company. Digita Accounts Production Advanced 6.30.9574.0 true 13342118 2023-05-01 2024-04-30 13342118 2024-04-30 13342118 bus:OrdinaryShareClass1 2024-04-30 13342118 core:RetainedEarningsAccumulatedLosses 2024-04-30 13342118 core:ShareCapital 2024-04-30 13342118 core:CurrentFinancialInstruments 2024-04-30 13342118 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13342118 core:FurnitureFittings 2024-04-30 13342118 core:MotorVehicles 2024-04-30 13342118 core:OfficeEquipment 2024-04-30 13342118 core:PlantMachinery 2024-04-30 13342118 bus:SmallEntities 2023-05-01 2024-04-30 13342118 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13342118 bus:FilletedAccounts 2023-05-01 2024-04-30 13342118 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13342118 bus:RegisteredOffice 2023-05-01 2024-04-30 13342118 bus:Director1 2023-05-01 2024-04-30 13342118 bus:Director2 2023-05-01 2024-04-30 13342118 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13342118 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13342118 core:FurnitureFittings 2023-05-01 2024-04-30 13342118 core:MotorVehicles 2023-05-01 2024-04-30 13342118 core:OfficeEquipment 2023-05-01 2024-04-30 13342118 core:PlantMachinery 2023-05-01 2024-04-30 13342118 countries:EnglandWales 2023-05-01 2024-04-30 13342118 2023-04-30 13342118 core:FurnitureFittings 2023-04-30 13342118 core:MotorVehicles 2023-04-30 13342118 core:OfficeEquipment 2023-04-30 13342118 core:PlantMachinery 2023-04-30 13342118 2022-05-01 2023-04-30 13342118 2023-04-30 13342118 bus:OrdinaryShareClass1 2023-04-30 13342118 core:RetainedEarningsAccumulatedLosses 2023-04-30 13342118 core:ShareCapital 2023-04-30 13342118 core:CurrentFinancialInstruments 2023-04-30 13342118 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13342118 core:FurnitureFittings 2023-04-30 13342118 core:MotorVehicles 2023-04-30 13342118 core:OfficeEquipment 2023-04-30 13342118 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13342118

CGS Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

CGS Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

CGS Management Limited

Company Information

Directors

Mr C G Smith

Mrs C G Smith

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

CGS Management Limited

(Registration number: 13342118)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

136,886

61,945

Current assets

 

Stocks

5

32,108

19,926

Debtors

6

16,561

113,062

Cash at bank and in hand

 

14,907

165,021

 

63,576

298,009

Creditors: Amounts falling due within one year

7

(24,932)

(110,529)

Net current assets

 

38,644

187,480

Total assets less current liabilities

 

175,530

249,425

Provisions for liabilities

(18,641)

(6,326)

Net assets

 

156,889

243,099

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

156,789

242,999

Shareholders' funds

 

156,889

243,099

 

CGS Management Limited

(Registration number: 13342118)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 January 2025 and signed on its behalf by:
 

.........................................
Mr C G Smith
Director

.........................................
Mrs C G Smith
Director

 

CGS Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 20 January 2025.

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.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Revenue recognition

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.

Tax

The tax expense for the period comprises current and deferred 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.

 

CGS Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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

Plant and machinery

25% reducing balance basis

Fixtures and fittings

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

CGS Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

CGS Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

1,575

59,600

1,470

40,490

103,135

Additions

4,422

64,750

-

64,618

133,790

Disposals

-

(15,500)

-

(8,000)

(23,500)

At 30 April 2024

5,997

108,850

1,470

97,108

213,425

Depreciation

At 1 May 2023

613

22,494

368

17,715

41,190

Charge for the year

1,346

23,285

275

20,724

45,630

Eliminated on disposal

-

(6,781)

-

(3,500)

(10,281)

At 30 April 2024

1,959

38,998

643

34,939

76,539

Carrying amount

At 30 April 2024

4,038

69,852

827

62,169

136,886

At 30 April 2023

962

37,106

1,102

22,775

61,945

5

Stocks

2024
£

2023
£

Work in progress

32,108

19,926

6

Debtors

Current

2024
£

2023
£

Trade debtors

9,891

110,467

Other debtors

6,670

2,595

 

16,561

113,062

 

CGS Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

22,896

108,521

Accruals and deferred income

2,000

2,000

Other creditors

36

8

24,932

110,529

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100