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CINECO LTD

Registered Number
06549141
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

CINECO LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

MOOLENSCHOT, John

Registered Address

25 Hanworth Road
Sunbury-On-Thames
TW16 5DA

Registered Number

06549141 (England and Wales)
CINECO LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3318,796432,553
318,796432,553
Current assets
Stocks4-48,976
Debtors2,288,1722,457,889
Cash at bank and on hand214,5061,114,310
2,502,6783,621,175
Creditors amounts falling due within one year5(983,346)(1,979,500)
Net current assets (liabilities)1,519,3321,641,675
Total assets less current liabilities1,838,1282,074,228
Creditors amounts falling due after one year6(75,211)(106,618)
Provisions for liabilities8(60,571)(82,185)
Net assets1,702,3461,885,425
Capital and reserves
Called up share capital100100
Profit and loss account1,702,2461,885,325
Shareholders' funds1,702,3461,885,425
The financial statements were approved and authorised for issue by the Director on 30 January 2025, and are signed on its behalf by:
MOOLENSCHOT, John
Director
Registered Company No. 06549141
CINECO LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Plant and machinery5
Fixtures and fittings5
Vehicles5
Office Equipment5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year2124
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 July 23110,111328,832274,9175909,970724,420
Additions-66,2388,500-5,55180,289
Disposals--(76,000)-(2,307)(78,307)
At 30 June 24110,111395,070207,41759013,214726,402
Depreciation and impairment
At 01 July 2348,552179,17058,6971185,330291,867
Charge for year22,02277,92127,4931182,492130,046
On disposals--(12,000)-(2,307)(14,307)
At 30 June 2470,574257,09174,1902365,515407,606
Net book value
At 30 June 2439,537137,979133,2273547,699318,796
At 30 June 2361,559149,662216,2204724,640432,553
4.Stocks

2024

2023

££
Raw materials and consumables-48,976
Total-48,976
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables439,890877,828
Bank borrowings and overdrafts20,65229,697
Amounts owed to related parties-50,000
Taxation and social security399,730767,282
Finance lease and HP contracts26,43826,438
Other creditors96,63663,255
Accrued liabilities and deferred income-165,000
Total983,3461,979,500
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts14,25020,510
Other creditors60,96186,108
Total75,211106,618
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts60,96186,108
Amounts due after more than one year are as follows: 1-2 years £26,438 (30 June 2023 £26,438), 2-3 years £26,438 (30 June 2023 £26,438), 3-4 years £7,031 (30 June 2023 £26,438) & 4-5 years £Nil (30 June 2023 £6,794).
8.Provisions for liabilities
Provisions for liabilities falling due after one year represent deferred tax.

2024

2023

££
Net deferred tax liability (asset)60,57182,185
Total60,57182,185