IRIS Accounts Production v24.3.2.46 02605299 Board of Directors 1.4.23 31.3.24 31.3.24 26.2.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026052992023-03-31026052992024-03-31026052992023-04-012024-03-31026052992022-03-31026052992022-04-012023-03-31026052992023-03-3102605299ns15:EnglandWales2023-04-012024-03-3102605299ns14:PoundSterling2023-04-012024-03-3102605299ns10:Director12023-04-012024-03-3102605299ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102605299ns10:SmallEntities2023-04-012024-03-3102605299ns10:Audited2023-04-012024-03-3102605299ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102605299ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102605299ns10:FullAccounts2023-04-012024-03-3102605299ns10:Director22023-04-012024-03-3102605299ns10:Director32023-04-012024-03-3102605299ns10:Director42023-04-012024-03-3102605299ns10:RegisteredOffice2023-04-012024-03-3102605299ns5:CurrentFinancialInstruments2024-03-3102605299ns5:CurrentFinancialInstruments2023-03-3102605299ns5:Non-currentFinancialInstruments2024-03-3102605299ns5:Non-currentFinancialInstruments2023-03-3102605299ns5:ShareCapital2024-03-3102605299ns5:ShareCapital2023-03-3102605299ns5:RetainedEarningsAccumulatedLosses2024-03-3102605299ns5:RetainedEarningsAccumulatedLosses2023-03-3102605299ns5:PlantMachinery2023-04-012024-03-3102605299ns5:FurnitureFittings2023-04-012024-03-3102605299ns5:MotorVehicles2023-04-012024-03-3102605299ns5:ComputerEquipment2023-04-012024-03-3102605299ns5:PlantMachinery2023-03-3102605299ns5:FurnitureFittings2023-03-3102605299ns5:MotorVehicles2023-03-3102605299ns5:ComputerEquipment2023-03-3102605299ns5:PlantMachinery2024-03-3102605299ns5:FurnitureFittings2024-03-3102605299ns5:MotorVehicles2024-03-3102605299ns5:ComputerEquipment2024-03-3102605299ns5:PlantMachinery2023-03-3102605299ns5:FurnitureFittings2023-03-3102605299ns5:MotorVehicles2023-03-3102605299ns5:ComputerEquipment2023-03-3102605299ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3102605299ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3102605299ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3102605299ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3102605299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102605299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 02605299 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

Cathedral Building Services Limited

Cathedral Building Services Limited (Registered number: 02605299)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cathedral Building Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N Corney
D G Roberts
A Roskell
B D Sinnott





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 02605299 (England and Wales)





AUDITORS: Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Cathedral Building Services Limited (Registered number: 02605299)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,502 31,966

CURRENT ASSETS
Stocks 61,394 80,583
Debtors 5 385,509 438,281
Cash at bank 79,622 160,320
526,525 679,184
CREDITORS
Amounts falling due within one year 6 489,789 588,032
NET CURRENT ASSETS 36,736 91,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,238

123,118

CREDITORS
Amounts falling due after more than one
year

7

-

(1,952

)

PROVISIONS FOR LIABILITIES (4,198 ) (5,387 )
NET ASSETS 52,040 115,779

CAPITAL AND RESERVES
Called up share capital 39,500 39,500
Retained earnings 12,540 76,279
SHAREHOLDERS' FUNDS 52,040 115,779

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 Income Statement 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:





D G Roberts - Director


Cathedral Building Services Limited (Registered number: 02605299)

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

1. STATUTORY INFORMATION

Cathedral Building Services 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
The turnover in the profit and loss account represents revenue recognised on installation and maintenance works fully delivered during the period exclusive of value added tax. Revenue on maintenance contracts are recognised based on the accrued contract period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work In Progress is calculated by reference to costs directly incurred on installations and maintenance contracts which have not yet been invoiced and recognised as revenue in the year.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to and from related parties.

Taxation
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.

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.

Cathedral Building Services Limited (Registered number: 02605299)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 5,422 7,944 134,029 6,575 153,970
Additions - - - 624 624
Disposals - - (59,199 ) - (59,199 )
At 31 March 2024 5,422 7,944 74,830 7,199 95,395
DEPRECIATION
At 1 April 2023 1,807 7,944 107,870 4,383 122,004
Charge for year 904 - 5,458 2,400 8,762
Eliminated on disposal - - (54,873 ) - (54,873 )
At 31 March 2024 2,711 7,944 58,455 6,783 75,893
NET BOOK VALUE
At 31 March 2024 2,711 - 16,375 416 19,502
At 31 March 2023 3,615 - 26,159 2,192 31,966

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 44,133
DEPRECIATION
At 1 April 2023 28,329
Charge for year 3,951
At 31 March 2024 32,280
NET BOOK VALUE
At 31 March 2024 11,853
At 31 March 2023 15,804

Cathedral Building Services Limited (Registered number: 02605299)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 223,143 426,241
Other debtors 162,366 12,040
385,509 438,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 1,952 7,810
Trade creditors 328,949 357,183
Taxation and social security 139,159 117,065
Other creditors 19,729 105,974
489,789 588,032

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 1,952

8. SECURED DEBTS

As a cross charge from the parent company Close Brothers Limited has a fixed and floating charge over all the property and undertakings of the company.

As a cross charge from the parent company Cynergy Business Finance Limited as a fixed and floating charge over all the property and undertakings of the company.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gregory Newton FCCA (Senior Statutory Auditor)
for and on behalf of Douglas Fairless Partnership

10. ULTIMATE PARENT COMPANY

The ultimate controlling party is Dante FS Group Ltd.

The registered office of the parent is as follows.

Seymour Chambers
92 London Road
Liverpool
L3 5NW

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,543 (2023 - £9,101). At the balance sheet date, £2,020 (2023 - £1,552) was owing to the fund contained within other creditors.