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REGISTERED NUMBER: 06284952 (England and Wales)












C F Launceston Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






C F Launceston Limited (Registered number: 06284952)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C F Launceston Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M J Gubbin
Mrs L J Gubbin





SECRETARY:





REGISTERED OFFICE: Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED





REGISTERED NUMBER: 06284952 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

C F Launceston Limited (Registered number: 06284952)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,458 21,292

CURRENT ASSETS
Stocks 117,382 109,855
Debtors 5 28,960 26,712
Cash at bank and in hand 229,645 546,496
375,987 683,063
CREDITORS
Amounts falling due within one year 6 338,455 186,881
NET CURRENT ASSETS 37,532 496,182
TOTAL ASSETS LESS CURRENT LIABILITIES 50,990 517,474

PROVISIONS FOR LIABILITIES 3,364 -
NET ASSETS 47,626 517,474

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 47,624 517,472
47,626 517,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 6 February 2025 and were signed on its behalf by:





M J Gubbin - Director


C F Launceston Limited (Registered number: 06284952)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

C F Launceston 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 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.

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 etc - 20% on reducing balance

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

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 and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

C F Launceston Limited (Registered number: 06284952)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 6,316 59,467 65,783
Additions - 11,931 11,931
Disposals (6,316 ) (23,995 ) (30,311 )
At 30 June 2024 - 47,403 47,403
DEPRECIATION
At 1 July 2023 - 44,491 44,491
Charge for year - 3,962 3,962
Eliminated on disposal - (14,508 ) (14,508 )
At 30 June 2024 - 33,945 33,945
NET BOOK VALUE
At 30 June 2024 - 13,458 13,458
At 30 June 2023 6,316 14,976 21,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 28,960 26,712

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 68,751 77,687
Taxation and social security 117,296 89,537
Other creditors 152,408 19,657
338,455 186,881

7. LEASING AGREEMENTS
At 30 June 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £445,948. (2023 - £525,948).