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REGISTERED NUMBER: 10220194 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 September 2024

for

CG Auto Refinishing Limited

CG Auto Refinishing Limited (Registered number: 10220194)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CG Auto Refinishing Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr C D Gregory





REGISTERED OFFICE: Fairdeal Building
Manse Lane
Knaresborough
North Yorkshire
HG5 8LF





REGISTERED NUMBER: 10220194 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

CG Auto Refinishing Limited (Registered number: 10220194)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 25,015 33,356
25,015 33,356

CURRENT ASSETS
Stocks 6,086 5,044
Debtors 5 262,783 234,887
Cash at bank and in hand 28,101 36,679
296,970 276,610
CREDITORS
Amounts falling due within one year 6 (153,319 ) (181,210 )
NET CURRENT ASSETS 143,651 95,400
TOTAL ASSETS LESS CURRENT LIABILITIES 168,666 128,756

CREDITORS
Amounts falling due after more than one
year

7

(7,201

)

(18,713

)
NET ASSETS 161,465 110,043

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 161,365 109,943
161,465 110,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CG Auto Refinishing Limited (Registered number: 10220194)

Balance Sheet - continued
30 September 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 5 March 2025 and were signed by:





Mr C D Gregory - Director


CG Auto Refinishing Limited (Registered number: 10220194)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

CG Auto Refinishing Limited (Registered number: 10220194)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 50,000
AMORTISATION
At 1 October 2023
and 30 September 2024 50,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 89,357
DEPRECIATION
At 1 October 2023 56,001
Charge for year 8,341
At 30 September 2024 64,342
NET BOOK VALUE
At 30 September 2024 25,015
At 30 September 2023 33,356

CG Auto Refinishing Limited (Registered number: 10220194)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,181 -
Other debtors 234,602 234,887
262,783 234,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,328 10,074
Hire purchase contracts 1,258 2,517
Trade creditors 10,636 6,556
Amounts owed to associates 55,537 43,196
Taxation and social security 49,783 34,297
Other creditors 25,777 84,570
153,319 181,210

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,201 17,455
Hire purchase contracts - 1,258
7,201 18,713