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COMPANY REGISTRATION NUMBER: 11442303
CBW Plant Limited
Filleted Unaudited Financial Statements
For the Year Ended
31 July 2024
CBW Plant Limited
Financial Statements
Year Ended 31st July 2024
Contents
Page
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
4
CBW Plant Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of CBW Plant Limited
Year Ended 31st July 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31st July 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
28 April 2025
CBW Plant Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
5
5,378
9,721
Current Assets
Debtors
6
62,843
41,520
Cash at bank and in hand
575
4,057
---------
---------
63,418
45,577
Creditors: amounts falling due within one year
7
25,512
14,302
---------
---------
Net Current Assets
37,906
31,275
---------
---------
Total Assets Less Current Liabilities
43,284
40,996
Creditors: amounts falling due after more than one year
8
3,043
7,137
---------
---------
Net Assets
40,241
33,859
---------
---------
CBW Plant Limited
Statement of Financial Position (continued)
31 July 2024
2024
2023
Note
£
£
£
Capital and Reserves
Called up share capital
1
1
Profit and loss account
40,240
33,858
---------
---------
Shareholders Funds
40,241
33,859
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st July 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
Mr Brasted-Watts
Director
Company registration number: 11442303
CBW Plant Limited
Notes to the Financial Statements
Year Ended 31st July 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Park Farm, Park Farm Road, Great Horkesley, Colchester, CO6 4FD, United Kingdom.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33.33% Straight line, 20% Straight line
Motor vehicles
-
20% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance Leases and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible Assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1st August 2023 and 31st July 2024
15,440
21,004
36,444
---------
---------
---------
Depreciation
At 1st August 2023
15,298
11,425
26,723
Charge for the year
142
4,201
4,343
---------
---------
---------
At 31st July 2024
15,440
15,626
31,066
---------
---------
---------
Carrying amount
At 31st July 2024
5,378
5,378
---------
---------
---------
At 31st July 2023
142
9,579
9,721
---------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
640
1,600
Other debtors
62,203
39,920
---------
---------
62,843
41,520
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,400
3,400
Trade creditors
323
Corporation tax
18,374
3,884
Other creditors
3,415
7,018
---------
---------
25,512
14,302
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,043
6,242
Other creditors
895
-------
-------
3,043
7,137
-------
-------