31 August 2023 false No description of principal activity Taxfiler 2024.6 07662221business:PrivateLimitedCompanyLtd2023-08-312024-08-30 076622212023-08-30 076622212023-08-312024-08-30 07662221business:AuditExemptWithAccountantsReport2023-08-312024-08-30 07662221business:FilletedAccounts2023-08-312024-08-30 076622212024-08-30 076622212023-08-30 07662221core:WithinOneYear2024-08-30 07662221core:WithinOneYear2023-08-30 07662221core:AfterOneYear2024-08-30 07662221core:AfterOneYear2023-08-30 07662221core:ShareCapitalcore:PreviouslyStatedAmount2024-08-30 07662221core:ShareCapitalcore:PreviouslyStatedAmount2023-08-30 07662221core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-30 07662221core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-30 07662221core:PreviouslyStatedAmount2024-08-30 07662221core:PreviouslyStatedAmount2023-08-30 07662221business:SmallEntities2023-08-312024-08-30 07662221business:Director22023-08-312024-08-30 07662221countries:EnglandWales2023-08-312024-08-30 07662221business:RegisteredOffice2023-08-312024-08-30 07662221core:PlantMachinery2023-08-312024-08-30 07662221core:ComputerEquipment2023-08-312024-08-30 07662221core:PlantMachinery2023-08-30 07662221core:ComputerEquipment2023-08-30 07662221core:PlantMachinery2024-08-30 07662221core:ComputerEquipment2024-08-30 076622212022-08-312023-08-30 iso4217:GBP xbrli:pure
Company Registration No. 07662221 (England and Wales)
Cwm Engineering Ltd Unaudited accounts for the year ended 30 August 2024
Cwm Engineering Ltd Statement of financial position as at 30 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
480,785 
544,814 
Current assets
Inventories
3,500 
3,500 
Debtors
134,287 
207,128 
Cash at bank and in hand
481,438 
354,192 
619,225 
564,820 
Creditors: amounts falling due within one year
(297,391)
(198,873)
Net current assets
321,834 
365,947 
Total assets less current liabilities
802,619 
910,761 
Creditors: amounts falling due after more than one year
(56,491)
(106,234)
Net assets
746,128 
804,527 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
746,126 
804,525 
Shareholders' funds
746,128 
804,527 
For the year ending 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
Mrs B M Walters Director Company Registration No. 07662221
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Cwm Engineering Ltd Notes to the Accounts for the year ended 30 August 2024
1
Statutory information
Cwm Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 07662221. The registered office is Y Wern, Kidwelly, Carmarthenshire, SA17 5AP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Computer equipment
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Cwm Engineering Ltd Notes to the Accounts for the year ended 30 August 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 31 August 2023
1,130,124 
31,940 
1,162,064 
Additions
18,957 
882 
19,839 
At 30 August 2024
1,149,081 
32,822 
1,181,903 
Depreciation
At 31 August 2023
596,378 
20,872 
617,250 
Charge for the year
80,880 
2,988 
83,868 
At 30 August 2024
677,258 
23,860 
701,118 
Net book value
At 30 August 2024
471,823 
8,962 
480,785 
At 30 August 2023
533,746 
11,068 
544,814 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
134,287 
168,228 
Accrued income and prepayments
- 
38,900 
134,287 
207,128 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
242 
240 
VAT
7,472 
- 
Obligations under finance leases and hire purchase contracts
59,761 
60,742 
Trade creditors
38,857 
32,404 
Taxes and social security
31,059 
25,487 
Other creditors
160,000 
80,000 
297,391 
198,873 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
53,034 
102,780 
Loans from directors
3,457 
3,454 
56,491 
106,234 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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