13 01/12/2022 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11013778 2022-12-01 2024-04-30 11013778 2024-04-30 11013778 2022-11-30 11013778 2021-12-01 2022-11-30 11013778 2022-11-30 11013778 2021-11-30 11013778 core:PlantMachinery 2022-12-01 2024-04-30 11013778 core:FurnitureFittingsToolsEquipment 2022-12-01 2024-04-30 11013778 core:NetGoodwill 2022-12-01 2024-04-30 11013778 bus:OrdinaryShareClass1 2022-12-01 2024-04-30 11013778 bus:Director1 2022-12-01 2024-04-30 11013778 core:NetGoodwill 2024-04-30 11013778 core:PlantMachinery 2022-11-30 11013778 core:FurnitureFittingsToolsEquipment 2022-11-30 11013778 core:PlantMachinery 2024-04-30 11013778 core:FurnitureFittingsToolsEquipment 2024-04-30 11013778 core:WithinOneYear 2024-04-30 11013778 core:WithinOneYear 2022-11-30 11013778 core:AfterOneYear 2024-04-30 11013778 core:AfterOneYear 2022-11-30 11013778 core:ShareCapital 2024-04-30 11013778 core:ShareCapital 2022-11-30 11013778 core:RetainedEarningsAccumulatedLosses 2024-04-30 11013778 core:RetainedEarningsAccumulatedLosses 2022-11-30 11013778 bus:OrdinaryShareClass1 core:ShareCapital 2024-04-30 11013778 bus:OrdinaryShareClass1 core:ShareCapital 2022-11-30 11013778 core:PlantMachinery 2022-11-30 11013778 core:FurnitureFittingsToolsEquipment 2022-11-30 11013778 bus:SmallEntities 2022-12-01 2024-04-30 11013778 bus:AuditExemptWithAccountantsReport 2022-12-01 2024-04-30 11013778 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-04-30 11013778 bus:PrivateLimitedCompanyLtd 2022-12-01 2024-04-30 11013778 bus:FullAccounts 2022-12-01 2024-04-30
Company registration number: 11013778
CONTTEGO LOUVRES LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 April 2024
CONTTEGO LOUVRES LIMITED
BALANCE SHEET
30TH APRIL 2024
2024 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 27,924 27,924
Tangible assets 6 11,588 16,840
_______ _______
39,512 44,764
Current assets
Stocks 298,634 515,345
Debtors 7 308,244 461,301
Cash at bank and in hand 20,620 24,939
_______ _______
627,498 1,001,585
Creditors: amounts falling due
within one year 8 ( 808,633) ( 923,023)
_______ _______
Net current (liabilities)/assets ( 181,135) 78,562
_______ _______
Total assets less current liabilities ( 141,623) 123,326
Creditors: amounts falling due
after more than one year 9 ( 27,761) ( 37,968)
Provisions for liabilities ( 3,028) ( 1,514)
_______ _______
Net (liabilities)/assets ( 172,412) 83,844
_______ _______
Capital and reserves
Called up share capital 10 100 100
Profit and loss account ( 172,512) 83,744
_______ _______
Shareholder (deficit)/funds ( 172,412) 83,844
_______ _______
For the period 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 member has not required the company to obtain an audit of its financial statements for the period 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.
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 Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
Mr. TJ Colborne
Director
Company registration number: 11013778
CONTTEGO LOUVRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 30TH APRIL 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 Victoria Grove, Bridport, Dorset, DT6 3AA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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 - 20 % straight line
Computer equipment - 25 % 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 stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense 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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 13 (2022: 11 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1st December 2022 - -
Additions 27,924 27,924
_______ _______
At 30th April 2024 27,924 27,924
_______ _______
Amortisation
At 1st December 2022 and 30th April 2024 - -
_______ _______
Carrying amount
At 30th April 2024 27,924 27,924
_______ _______
At 31st October 2022 - -
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1st December 2022 7,552 16,506 24,058
Additions 424 3,182 3,606
_______ _______ _______
At 30th April 2024 7,976 19,688 27,664
_______ _______ _______
Depreciation
At 1st December 2022 1,628 5,588 7,216
Charge for the year 2,336 6,524 8,860
_______ _______ _______
At 30th April 2024 3,964 12,112 16,076
_______ _______ _______
Carrying amount
At 30th April 2024 4,012 7,576 11,588
_______ _______ _______
At 31st October 2022 5,924 10,918 16,842
_______ _______ _______
7. Debtors
2024 2022
£ £
Trade debtors 250,545 376,552
Other debtors 57,699 84,749
_______ _______
308,244 461,301
_______ _______
8. Creditors: amounts falling due within one year
2024 2022
£ £
Bank loans and overdrafts 161,040 191,586
Trade creditors 346,947 431,719
Corporation tax - 1,858
Social security and other taxes 62,982 41,815
Other creditors 237,664 256,045
_______ _______
808,633 923,023
_______ _______
Bibby Financial Services Limited hold a fixed and floating charge over all assets, dated 5th August 2021.
9. Creditors: amounts falling due after more than one year
2024 2022
£ £
Other creditors 27,761 37,968
_______ _______
10. Called up share capital
Issued, called up and fully paid
2024 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______