Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr J D N Dennehy 05/07/2018 Mr E Nicholls 05/07/2018 Mr C R Woodward 22/11/2024 05/07/2018 Mr H O Young-Jamieson 22/11/2024 25 April 2025 The principal activity of the Company during the financial year was that of a membership organisation. 11449942 2024-07-31 11449942 bus:Director1 2024-07-31 11449942 bus:Director2 2024-07-31 11449942 bus:Director3 2024-07-31 11449942 bus:Director4 2024-07-31 11449942 core:CurrentFinancialInstruments 2024-07-31 11449942 core:CurrentFinancialInstruments 2023-07-31 11449942 2023-07-31 11449942 core:ShareCapital 2024-07-31 11449942 core:ShareCapital 2023-07-31 11449942 core:RetainedEarningsAccumulatedLosses 2024-07-31 11449942 core:RetainedEarningsAccumulatedLosses 2023-07-31 11449942 2023-08-01 2024-07-31 11449942 bus:FilletedAccounts 2023-08-01 2024-07-31 11449942 bus:SmallEntities 2023-08-01 2024-07-31 11449942 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11449942 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11449942 bus:Director1 2023-08-01 2024-07-31 11449942 bus:Director2 2023-08-01 2024-07-31 11449942 bus:Director3 2023-08-01 2024-07-31 11449942 bus:Director4 2023-08-01 2024-07-31 11449942 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 11449942 (England and Wales)

CORNWALL MANUFACTURERS GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

CORNWALL MANUFACTURERS GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

CORNWALL MANUFACTURERS GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
CORNWALL MANUFACTURERS GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Current assets
Debtors 3 8,736 8,624
Cash at bank and in hand 33,948 23,636
42,684 32,260
Creditors: amounts falling due within one year 4 ( 15,307) ( 10,817)
Net current assets 27,377 21,443
Total assets less current liabilities 27,377 21,443
Net assets 27,377 21,443
Capital and reserves
Called-up share capital 0 0
Profit and loss account 27,377 21,443
Total shareholders' funds 27,377 21,443

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cornwall Manufacturers Group Limited (registered number: 11449942) were approved and authorised for issue by the Board of Directors on 25 April 2025. They were signed on its behalf by:

Mr E Nicholls
Director
CORNWALL MANUFACTURERS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
CORNWALL MANUFACTURERS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cornwall Manufacturers Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Chy Nyverow, Newham Road, Truro, TR1 2DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Trade debtors 8,736 8,624

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 1,842 539
Other creditors 13,465 10,278
15,307 10,817

5. Company status

The company is a private company, limited by guarantee, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.