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REGISTERED NUMBER: 07042630 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

C.F.L. Commercials Ltd

C.F.L. Commercials Ltd (Registered number: 07042630)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C.F.L. Commercials Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr J A Williams





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





REGISTERED NUMBER: 07042630 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

C.F.L. Commercials Ltd (Registered number: 07042630)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,991 158,052

CURRENT ASSETS
Stocks 5 20,100 31,055
Debtors 6 105,773 86,654
Cash at bank 37,041 36,882
162,914 154,591
CREDITORS
Amounts falling due within one year 7 141,408 181,591
NET CURRENT ASSETS/(LIABILITIES) 21,506 (27,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,497

131,052

CREDITORS
Amounts falling due after more than one
year

8

34,653

39,860
NET ASSETS 126,844 91,192

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 126,843 91,191
SHAREHOLDERS' FUNDS 126,844 91,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

C.F.L. Commercials Ltd (Registered number: 07042630)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





Mr J A Williams - Director


C.F.L. Commercials Ltd (Registered number: 07042630)

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

1. STATUTORY INFORMATION

C.F.L. Commercials Ltd 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 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.
Leasehold improvements - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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 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.

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.

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.

C.F.L. Commercials Ltd (Registered number: 07042630)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 86,732 308,915 41,013 626 437,286
Additions - 4,000 13,817 - 17,817
At 31 October 2024 86,732 312,915 54,830 626 455,103
DEPRECIATION
At 1 November 2023 26,020 229,469 23,224 521 279,234
Charge for year 8,673 20,862 6,322 21 35,878
At 31 October 2024 34,693 250,331 29,546 542 315,112
NET BOOK VALUE
At 31 October 2024 52,039 62,584 25,284 84 139,991
At 31 October 2023 60,712 79,446 17,789 105 158,052

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 20,100 31,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 94,448 76,014
Prepayments 11,325 10,640
105,773 86,654

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts - 12,101
Trade creditors 35,032 42,341
Corporation tax 15,846 5,960
Social security and other taxes 4,732 5,224
VAT 30,509 22,799
Other creditors 43,239 44,089
Company credit card 912 1,210
Other payroll liabilities 4,227 3,687
Directors' current accounts 4,411 41,680
Accrued expenses 2,500 2,500
141,408 181,591

C.F.L. Commercials Ltd (Registered number: 07042630)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 34,653 39,860

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 November 2023 91,191
Profit for the year 35,652
At 31 October 2024 126,843

11. RELATED PARTY DISCLOSURES

During the year a director, Mr J A Williams, made net deposits to his account of £3,439. The balance on his account at 31 October 2023 was £41,680 in credit (2022 - £38,241).

12. ULTIMATE CONTROLLING PARTY

Mr B Williams is the ultimate controlling party by virtue of his holding all of the company's issued share capital.