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REGISTERED NUMBER: 06896909 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Ceandess (Wolverhampton) Limited

Ceandess (Wolverhampton) Limited (Registered number: 06896909)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Ceandess (Wolverhampton) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: E J Davies
J M Davies





REGISTERED OFFICE: Dixon Street
Wolverhampton
West Midlands
WV2 2BX





REGISTERED NUMBER: 06896909 (England and Wales)





ACCOUNTANTS: PK Accountancy & Business Services Limited
2 Bentons Court
Kidderminster
Worcestershire
DY11 6YY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ceandess (Wolverhampton) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ceandess (Wolverhampton) Limited for the year ended 31 May 2024 which comprise the Statement of comprehensive income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Ceandess (Wolverhampton) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ceandess (Wolverhampton) Limited and state those matters that we have agreed to state to the Board of Directors of Ceandess (Wolverhampton) Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ceandess (Wolverhampton) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ceandess (Wolverhampton) Limited. You consider that Ceandess (Wolverhampton) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ceandess (Wolverhampton) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PK Accountancy & Business Services Limited
2 Bentons Court
Kidderminster
Worcestershire
DY11 6YY


26 February 2025

Ceandess (Wolverhampton) Limited (Registered number: 06896909)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224,523 201,502

CURRENT ASSETS
Stocks 89,770 79,241
Debtors 5 244,352 341,238
Cash at bank 79,238 24,010
413,360 444,489
CREDITORS
Amounts falling due within one year 6 130,431 148,633
NET CURRENT ASSETS 282,929 295,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,452

497,358

CREDITORS
Amounts falling due after more than one
year

7

(79,005

)

(78,580

)

PROVISIONS FOR LIABILITIES 9 (33,016 ) (27,256 )
NET ASSETS 395,431 391,522

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 395,331 391,422
SHAREHOLDERS' FUNDS 395,431 391,522

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.

Ceandess (Wolverhampton) Limited (Registered number: 06896909)

Balance Sheet - continued
31 May 2024


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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





E J Davies - Director


Ceandess (Wolverhampton) Limited (Registered number: 06896909)

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


1. STATUTORY INFORMATION

Ceandess (Wolverhampton) 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery25% reducing balance or 6-10 years straight line
Office equipment10-25% reducing balance & straight line

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overhead.

Taxation
Taxation for the year comprises current and deferred tax. 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 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.

Ceandess (Wolverhampton) Limited (Registered number: 06896909)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by Finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Going concern
The company depends on its existing invoice discounting facilities to meet its day to day working capital requirements. Current forecasts indicate that the company expects to be able to operate within these facilities for the whole of the foreseeable future. These facilities are renewed annually and are not guaranteed for the period covered by the going concern review.

The directors are not aware, however, of any circumstances that may adversely affect the renewal of these facilities.

Accordingly, the directors believe it is appropriate to prepare the financial statements on the going concern basis.

Operating leases
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

3. EMPLOYEES AND DIRECTORS

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

Ceandess (Wolverhampton) Limited (Registered number: 06896909)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery Tooling vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 294,881 16,390 112,375 49,597 473,243
Additions 58,900 - 2,620 14,565 76,085
At 31 May 2024 353,781 16,390 114,995 64,162 549,328
DEPRECIATION
At 1 June 2023 180,042 11,749 40,803 39,147 271,741
Charge for year 23,463 714 23,126 5,761 53,064
At 31 May 2024 203,505 12,463 63,929 44,908 324,805
NET BOOK VALUE
At 31 May 2024 150,276 3,927 51,066 19,254 224,523
At 31 May 2023 114,839 4,641 71,572 10,450 201,502

Finance Lease agreements

Included within the net book value of £215,595 is £36,808 relating to assets held under finance lease agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £15,231.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 191,119 145,580
Other debtors 53,233 195,658
244,352 341,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Finance leases (see note 8) 8,213 8,213
Trade creditors 80,576 108,542
Taxation and social security 12,570 22,835
Other creditors 29,072 9,043
130,431 148,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Finance leases (see note 8) 29,469 37,683
Other creditors 49,536 40,897
79,005 78,580

Ceandess (Wolverhampton) Limited (Registered number: 06896909)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 8,213 8,213
Between one and five years 29,469 37,683
37,682 45,896

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 71,289 69,126
Between one and five years 268,197 276,989
339,486 346,115

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Deferred tax 27,256 21,394
Charge for the year 5,760 5,862
33,016 27,256

Deferred
tax
£   
Balance at 1 June 2023 27,256
Provided during year 5,760
Balance at 31 May 2024 33,016

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

Ceandess (Wolverhampton) Limited (Registered number: 06896909)

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


11. RESERVES
Retained
earnings
£   

At 1 June 2023 391,422
Profit for the year 3,909
At 31 May 2024 395,331

12. RELATED PARTY TRANSACTIONS

During the year the company paid rent of £21,600 (2023 £21,600) to Ceandess Property Limited, a limited
liability company in which JM Davies has an interest. At 31 May 2024 the company owed £18,000 (2023
£18,000) to the Ceandess Property Limited in which JM Davies has an interest.

During the year the company was charged rent of £44,500 (2023 £44,500) and interest of £0 (2023 £0) by
Ceandess Pension, a pension fund in which JM davies has an interest. At 31 May 2024 the company owed £0
(2023 £0) to the Ceandess pension fund, in which JM Davies has an interest.

During the year the company paid interest of £0 (2023 £0) to JM Davies . At 31 May 2024 the company owed
£13,710 (2023 £13,710) to JM Davies through a loan.

Dividends of £0 (2023 £2,000) were paid during the year to JM Davies

13. ULTIMATE CONTROLLING PARTY

The controlling party is J M Davies.