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COMPANY REGISTRATION NUMBER: 08962864
CEG Rent Ltd
Unaudited financial statements
31 December 2024
CEG Rent Ltd
Statement of financial position
31 December 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
215,208
118,310
Cash at bank and in hand
355
171
---------
---------
215,563
118,481
Creditors: Amounts falling due within one year
6
( 185,202)
( 80,954)
---------
---------
Net current assets
30,361
37,527
-------
-------
Total assets less current liabilities
30,361
37,527
Creditors: Amounts falling due after more than one year
7
( 31,579)
( 39,087)
Provisions
Taxation including deferred tax
4,038
4,167
Accruals and deferred income
( 1,500)
( 1,500)
-------
-------
Net assets
1,320
1,107
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,220
1,007
------
------
Shareholders funds
1,320
1,107
------
------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year 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 .
CEG Rent Ltd
Statement of financial position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 28 February 2025 , and are signed on behalf of the board by:
B L Bowles
Director
Company registration number: 08962864
CEG Rent Ltd
Notes to the financial statements
Year ended 31 December 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 Unit B4, Tower Close, Huntingdon, PE29 7DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
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 statement of financial position 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 as a finance cost in profit or loss in the period it arises.
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 as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 9 (2023: 7 ).
5. Debtors
2024
2023
£
£
Trade debtors
212,639
112,095
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,869
Other debtors
2,569
3,346
---------
---------
215,208
118,310
---------
---------
6. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
42,983
37,959
Trade creditors
20,120
17,589
Amounts owed to group undertakings and undertakings in which the company has a participating interest
85,072
Social security and other taxes
29,330
18,794
Other creditors
7,697
6,612
---------
-------
185,202
80,954
---------
-------
7. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
31,579
39,087
-------
-------