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Registration number: 08643757

CGL886 Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 August 2024

image-name
 

CGL886 Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

CGL886 Limited

Company Information

Director

Mr RW Moore

Registered office

The Farm
34 Green End
Granborough
Buckingham
Buckinghamshire
MK18 3NT

Accountants

Michael J Emery & Co Limited
Chartered Accountants22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CGL886 Limited
for the Year Ended 30 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CGL886 Limited for the year ended 30 August 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of CGL886 Limited, as a body, in accordance with the terms of our instructions. Our work has been undertaken solely to prepare for your approval the accounts of CGL886 Limited and state those matters that we have agreed to state to the Board of Directors of CGL886 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CGL886 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CGL886 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CGL886 Limited. You consider that CGL886 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CGL886 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

12 May 2025

 

CGL886 Limited

(Registration number: 08643757)
Balance Sheet as at 30 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

280

129

Current assets

 

Debtors

5

425

12,293

Cash at bank and in hand

 

4,358

18,861

 

4,783

31,154

Creditors: Amounts falling due within one year

6

(4,860)

(31,123)

Net current (liabilities)/assets

 

(77)

31

Net assets

 

203

160

Capital and reserves

 

Called up share capital

1

1

Retained earnings

202

159

Shareholders' funds

 

203

160

For the financial 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.

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.

Approved and authorised by the director on 12 May 2025
 

.........................................
Mr RW Moore
Director

 

CGL886 Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales, 08643757.

The address of its registered office is:
The Farm
34 Green End
Granborough
Buckingham
Buckinghamshire
MK18 3NT

These financial statements were authorised for issue by the director on 12 May 2025.

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.

Going concern

Tax

The tax expense for the period comprises current 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.

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.

 

CGL886 Limited

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

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 cost

Fixtures and fittings

25% on cost

Plant and machinery

25% on cost

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.

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.

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.

3

Staff numbers

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

 

CGL886 Limited

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

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 31 August 2023

748

584

673

2,005

Additions

208

-

-

208

At 30 August 2024

956

584

673

2,213

Depreciation

At 31 August 2023

748

584

544

1,876

Charge for the year

18

-

39

57

At 30 August 2024

766

584

583

1,933

Carrying amount

At 30 August 2024

190

-

90

280

At 30 August 2023

-

-

129

129

5

Debtors

Current

2024
£

2023
£

Intercompany debtors

-

97

Prepayments

425

5,161

Other debtors

-

4,320

Directors loan account

-

2,715

 

425

12,293

 

CGL886 Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

87

7,713

Accruals

1,098

1,062

PAYE and NIC creditor

478

562

Other creditors

2,784

21,786

Intercompany creditors

413

-

4,860

31,123

7

Related party transactions

Transactions with the director

2024

At 31 August 2023
£

Repayments by director
£

At 30 August 2024
£

Mr RW Moore

2,714

(2,714)

-

2023

At 31 August 2022
£

Advances to director
£

Repayments by director
£

At 30 August 2023
£

Mr RW Moore

(2,151)

58,802

(53,937)

2,714

Summary of transactions with other related parties


Agronomic Ltd

A company under common control.

At the balance sheet date, the amount due to Agronomic Ltd in respect of intercompany loans was £413 (2023: - £97).