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REGISTERED NUMBER: 00673755 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

C.B.S. (POWER TOOLS) LIMITED

C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


C.B.S. (POWER TOOLS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: K Blake
Mrs D S Blake





SECRETARY: K Blake





REGISTERED OFFICE: Unit 4
V.P. Square
Storeys Bar Road
Peterborough
Cambridgeshire
PE1 5TQ





REGISTERED NUMBER: 00673755 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C.B.S. (POWER TOOLS) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C.B.S. (Power Tools) Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of C.B.S. (Power Tools) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C.B.S. (Power Tools) Limited and state those matters that we have agreed to state to the Board of Directors of C.B.S. (Power Tools) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C.B.S. (Power Tools) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.B.S. (Power Tools) Limited. You consider that C.B.S. (Power Tools) 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 financial statements of C.B.S. (Power Tools) 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 financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


2 April 2025

C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,849 196,475

CURRENT ASSETS
Stocks 5 1,342,548 956,041
Debtors 6 162,832 178,481
Cash at bank and in hand 59,216 409,792
1,564,596 1,544,314
CREDITORS
Amounts falling due within one year 7 659,946 561,727
NET CURRENT ASSETS 904,650 982,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,112,499

1,179,062

CREDITORS
Amounts falling due after more than one
year

8

(29,295

)

(52,028

)

PROVISIONS FOR LIABILITIES 9 (4,366 ) -
NET ASSETS 1,078,838 1,127,034

CAPITAL AND RESERVES
Called up share capital 768 768
Share premium 2,670 2,670
Capital redemption reserve 14,999 14,999
Retained earnings 1,060,401 1,108,597
SHAREHOLDERS' FUNDS 1,078,838 1,127,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





K Blake - Director


C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

C.B.S. (Power Tools) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2.5% straight line
Fixtures and fittings - 12.5% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 January 2024 135,000 - 102,240
Additions - 45,000 12,231
Disposals - - (22,500 )
At 31 December 2024 135,000 45,000 91,971
DEPRECIATION
At 1 January 2024 28,400 - 62,378
Charge for year 1,200 8,086 4,050
Eliminated on disposal - - (2,812 )
At 31 December 2024 29,600 8,086 63,616
NET BOOK VALUE
At 31 December 2024 105,400 36,914 28,355
At 31 December 2023 106,600 - 39,862

C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 91,100 25,217 353,557
Additions - - 57,231
Disposals - - (22,500 )
At 31 December 2024 91,100 25,217 388,288
DEPRECIATION
At 1 January 2024 42,273 24,031 157,082
Charge for year 12,207 626 26,169
Eliminated on disposal - - (2,812 )
At 31 December 2024 54,480 24,657 180,439
NET BOOK VALUE
At 31 December 2024 36,620 560 207,849
At 31 December 2023 48,827 1,186 196,475

The property was revalued in November 2000 by Barker, Storey, Matthews, Chartered Surveyors.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 61,638
DEPRECIATION
At 1 January 2024 15,410
Charge for year 11,557
At 31 December 2024 26,967
NET BOOK VALUE
At 31 December 2024 34,671
At 31 December 2023 46,228

5. STOCKS
2024 2023
£    £   
Stocks 1,342,548 956,041

C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 158,352 169,658
Other debtors 4,480 7,470
Deferred tax asset - 1,353
162,832 178,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,823 -
Hire purchase contracts 10,171 10,171
Trade creditors 528,413 446,313
Corporation tax 12,042 34,462
Social security and other taxes 7,061 -
VAT 91,114 56,252
Other creditors - 35
Directors' current accounts 68 3,171
Accrued expenses 9,254 11,323
659,946 561,727

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 10,981
Bank loans - 2-5 years - 1,581
Hire purchase contracts 29,295 39,466
29,295 52,028

The bank loans are secured by a first legal charge over the company's freehold property of Unit 4, Storeys Bar Road, Peterborough dated 6 April 1993 and an unlimited debenture dated 28 March 1989 incorporating a fixed and floating charge.

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 4,366

C.B.S. (POWER TOOLS) LIMITED (REGISTERED NUMBER: 00673755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 (1,353 )
Provided during year 5,719
Balance at 31 December 2024 4,366

10. RELATED PARTY DISCLOSURES

During the year the directors received dividends of £67,632 (2021 £94,569).

11. ULTIMATE CONTROLLING PARTY

There is no controlling party.