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REGISTERED NUMBER: 04968435 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Circuit CNC Ltd

Circuit CNC Ltd (Registered number: 04968435)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Circuit CNC Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr J Coker
Mr G J Hubbard





REGISTERED OFFICE: Greenacres
Stratford Road
Mickleton
Gloucestershire
GL55 6SR





REGISTERED NUMBER: 04968435 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Circuit CNC Ltd (Registered number: 04968435)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Debtors 6 64,408 66,657
Cash at bank 2,199 2,399
66,607 69,056
CREDITORS
Amounts falling due within one year 7 55,961 48,375
NET CURRENT ASSETS 10,646 20,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,646

20,681

CREDITORS
Amounts falling due after more than one
year

8

10,077

20,099
NET ASSETS 569 582

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 469 482
SHAREHOLDERS' FUNDS 569 582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




Mr G J Hubbard - Director


Circuit CNC Ltd (Registered number: 04968435)

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

1. STATUTORY INFORMATION

Circuit CNC 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 200,000
AMORTISATION
At 1 June 2023
and 31 May 2024 200,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Circuit CNC Ltd (Registered number: 04968435)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 10,821
DEPRECIATION
At 1 June 2023
and 31 May 2024 10,821
NET BOOK VALUE
At 31 May 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 33,031 36,474
Other debtors 31,377 30,183
64,408 66,657

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 14,896 10,000
Trade creditors - 4,041
Taxation and social security 37,590 31,409
Other creditors 3,475 2,925
55,961 48,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,077 20,099