Complete Building Shopfitting Solutions - Accounts to registrar (filleted)

REGISTERED NUMBER: 11672690 (England and Wales)

COMPLETE BUILDING SHOPFITTING SOLUTIONS

LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B W O'Grady

REGISTERED OFFICE:

10 Buttermere

Wilnescote

Tamworth

Staffordshire

B77 5TA

REGISTERED NUMBER:

11672690 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

169,696

73,197

CURRENT ASSETS

Stocks

3,073

5,222

Debtors

5

179,063

149,603

Cash at bank

237,946

186,892

420,082

341,717

CREDITORS

Amounts falling due within one year

6

236,029

157,047

NET CURRENT ASSETS

184,053

184,670

TOTAL ASSETS LESS CURRENT
LIABILITIES

353,749

257,867

CREDITORS

Amounts falling due after more than one
year

7

(95,723

)

-

PROVISIONS FOR LIABILITIES

(12,584

)

(5,247

)

NET ASSETS

245,442

252,620

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

245,441

252,619

245,442

252,620

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

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

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 4 April 2025 and were signed by:

B W O'Grady - Director

1.	STATUTORY INFORMATION

Complete Building Shopfitting Solutions 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 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 cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 December 2023

60,175

-

57,185

2,941

120,301

Additions

-

183

123,145

-

123,328

Disposals

-

(15,077

)

-

(15,077

)

At 30 November 2024

60,175

183

165,253

2,941

228,552

DEPRECIATION

At 1 December 2023

34,398

-

11,914

792

47,104

Charge for year

6,444

14

16,448

624

23,530

Eliminated on disposal

-

(11,778

)

-

(11,778

)

At 30 November 2024

40,842

14

16,584

1,416

58,856

NET BOOK VALUE

At 30 November 2024

19,333

169

148,669

1,525

169,696

At 30 November 2023

25,777

-

45,271

2,149

73,197

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

Additions

123,145

At 30 November 2024

123,145

DEPRECIATION

Charge for year

5,131

At 30 November 2024

5,131

NET BOOK VALUE

At 30 November 2024

118,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Trade debtors

175,802

89,603

Other debtors

3,261

60,000

179,063

149,603

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Finance leases (see note 8)

23,732

-

Trade creditors

19,889

-

Taxation and social security

98,186

90,892

Other creditors

94,222

66,155

236,029

157,047

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

Finance leases (see note 8)

95,723

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

30.11.24

30.11.23

£

Net obligations repayable:

Within one year

23,732

-

Between one and five years

95,723

-

119,455

-

Non-cancellable

operating leases

30.11.24

30.11.23

£

Within one year

470

2,819

Between one and five years

-

470

3,289