Company Registration No. 14736000 (England and Wales)
CB Staffing Group Limited
Unaudited accounts
for the period from 16 March 2023 to 31 March 2024
CB Staffing Group Limited
Unaudited accounts
Contents
CB Staffing Group Limited
Company Information
for the period from 16 March 2023 to 31 March 2024
Director
David William Bowles
Company Number
14736000 (England and Wales)
Registered Office
Suite 5
Arundel House
Foxhole Road
Chorley
PR7 1NY
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
CB Staffing Group Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
3,183
Creditors: amounts falling due within one year
(189,837)
Net current liabilities
(121,327)
Total assets less current liabilities
(108,882)
Creditors: amounts falling due after more than one year
(16,357)
Profit and loss account
(125,240)
Shareholders' funds
(125,239)
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2024 and were signed on its behalf by
David William Bowles
Director
Company Registration No. 14736000
CB Staffing Group Limited
Notes to the Accounts
for the period from 16 March 2023 to 31 March 2024
CB Staffing Group Limited is a private company, limited by shares, registered in England and Wales, registration number 14736000. The registered office is Suite 5, Arundel House, Foxhole Road, Chorley, PR7 1NY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director has reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, he continues to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
CB Staffing Group Limited
Notes to the Accounts
for the period from 16 March 2023 to 31 March 2024
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.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
9,091
5,947
15,038
At 31 March 2024
9,091
5,947
15,038
Charge for the period
1,644
949
2,593
At 31 March 2024
1,644
949
2,593
At 31 March 2024
7,447
4,998
12,445
CB Staffing Group Limited
Notes to the Accounts
for the period from 16 March 2023 to 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
3,345
6
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
4,604
Taxes and social security
14,483
7
Creditors: amounts falling due after more than one year
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
Shares issued during the period:
1 Ordinary shares of £1 each
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Mr David William Bowles is the ultimate controlling party.
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Average number of employees
During the period the average number of employees was 56.