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REGISTERED NUMBER: SC505803 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

CBB Commercials Ltd

CBB Commercials Ltd (Registered number: SC505803)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CBB Commercials Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S I Black
M A Black





REGISTERED OFFICE: Nethermuir Farm
New Road
Bathgate
EH48 4LF





REGISTERED NUMBER: SC505803 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

CBB Commercials Ltd (Registered number: SC505803)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,489 11,906

CURRENT ASSETS
Stocks 13,614 4,930
Debtors 5 59,339 114,497
Cash at bank and in hand 6,967 22,613
79,920 142,040
CREDITORS
Amounts falling due within one year 6 49,314 116,339
NET CURRENT ASSETS 30,606 25,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,095

37,607

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 40,093 37,605
40,095 37,607

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





S I Black - Director


CBB Commercials Ltd (Registered number: SC505803)

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

1. STATUTORY INFORMATION

CBB Commercials Ltd is a private company, limited by shares , registered in Scotland. 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CBB Commercials Ltd (Registered number: SC505803)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 2,500 6,458 3,374 19,650 31,982
DEPRECIATION
At 1 June 2023 800 3,791 1,363 14,122 20,076
Charge for year 100 533 402 1,382 2,417
At 31 May 2024 900 4,324 1,765 15,504 22,493
NET BOOK VALUE
At 31 May 2024 1,600 2,134 1,609 4,146 9,489
At 31 May 2023 1,700 2,667 2,011 5,528 11,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 53,989 110,497
Other debtors 1,350 -
Directors' current accounts 4,000 4,000
59,339 114,497

The company uses an invoice discounting service with recourse. Included within the trade debtors are £12,241 (2023- £65,536) of debts to be recovered by the factor.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 30,933 100,270
Tax 2,500 6,405
VAT 4,598 7,772
Other creditors 9,291 135
Accrued expenses 1,992 1,757
49,314 116,339

7. SECURED DEBTS

Included within other creditors is a balance of £8,783 (2023- £55,681) due to the invoice discounting service provider. This is with recourse.

The factor holds a floating charge over the assets of the company.

8. RELATED PARTY DISCLOSURES

During the year, the company advanced a loan of £4,000 to a director. The loan remains outstanding at the balance sheet date. This loan is repayable on demand, no other repayment terms are in place.