1 2 C G Controls Limited 10976538 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of electrical installation. Digita Accounts Production Advanced 6.30.9574.0 true 10976538 2023-10-01 2024-09-30 10976538 2024-09-30 10976538 core:RetainedEarningsAccumulatedLosses 2024-09-30 10976538 core:ShareCapital 2024-09-30 10976538 core:CurrentFinancialInstruments 2024-09-30 10976538 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10976538 core:FurnitureFittingsToolsEquipment 2024-09-30 10976538 bus:SmallEntities 2023-10-01 2024-09-30 10976538 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10976538 bus:FilletedAccounts 2023-10-01 2024-09-30 10976538 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10976538 bus:RegisteredOffice 2023-10-01 2024-09-30 10976538 bus:Director1 2023-10-01 2024-09-30 10976538 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10976538 core:FurnitureFittings 2023-10-01 2024-09-30 10976538 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 10976538 core:OfficeEquipment 2023-10-01 2024-09-30 10976538 countries:EnglandWales 2023-10-01 2024-09-30 10976538 2023-09-30 10976538 core:FurnitureFittingsToolsEquipment 2023-09-30 10976538 2022-10-01 2023-09-30 10976538 2023-09-30 10976538 core:RetainedEarningsAccumulatedLosses 2023-09-30 10976538 core:ShareCapital 2023-09-30 10976538 core:CurrentFinancialInstruments 2023-09-30 10976538 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10976538 core:FurnitureFittingsToolsEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 10976538

C G Controls Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

C G Controls Limited

(Registration number: 10976538)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

846

220

Current assets

 

Debtors

5

8,016

12,384

Cash at bank and in hand

 

25,807

17,944

 

33,823

30,328

Creditors: Amounts falling due within one year

6

(32,049)

(26,043)

Net current assets

 

1,774

4,285

Total assets less current liabilities

 

2,620

4,505

Provisions for liabilities

(212)

(55)

Net assets

 

2,408

4,450

Capital and reserves

 

Called up share capital

2

2

Retained earnings

2,406

4,448

Shareholders' funds

 

2,408

4,450

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

C G Controls Limited

(Registration number: 10976538)
Balance Sheet as at 30 September 2024

Approved and authorised by the director on 11 April 2025
 

.........................................
Mr C N Giles
Director

 

C G Controls Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Haleys Place
Burham
Rochester
Kent
ME1 3TB
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

i) Recoverability of trade debtors: the directors annually assess whether a bad debt provision is required for any bad or doubtful debtor balances.

ii) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

 

C G Controls Limited

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

C G Controls Limited

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

Trade debtors

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

C G Controls Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

1,027

1,027

Additions

906

906

At 30 September 2024

1,933

1,933

Depreciation

At 1 October 2023

807

807

Charge for the year

280

280

At 30 September 2024

1,087

1,087

Carrying amount

At 30 September 2024

846

846

At 30 September 2023

220

220

5

Debtors

2024
£

2023
£

Trade debtors

7,650

12,020

Prepayments

366

364

8,016

12,384

 

C G Controls Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,025

3,517

Taxation and social security

 

14,863

16,207

Accruals and deferred income

 

1,400

1,386

Other creditors

 

5,761

4,933

 

32,049

26,043

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

10,025

3,517