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REGISTERED NUMBER: 12871040 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

COMPLETE ASBESTOS SOLUTIONS LTD

COMPLETE ASBESTOS SOLUTIONS LTD (REGISTERED NUMBER: 12871040)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 3


COMPLETE ASBESTOS SOLUTIONS LTD (REGISTERED NUMBER: 12871040)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,026 9,243

Current assets
Stocks 1,945 6,120
Debtors 5 18,725 17,969
Cash at bank 17,702 24,165
38,372 48,254
Creditors
Amounts falling due within one year 6 15,622 28,341
Net current assets 22,750 19,913
Total assets less current liabilities 29,776 29,156

Creditors
Amounts falling due after more than one year 7 - (1,347 )

Provisions for liabilities 9 (1,757 ) (2,311 )
Net assets 28,019 25,498

Capital and reserves
Called up share capital 10 30 10
Share premium 2,249 2,249
Retained earnings 25,740 23,239
Shareholders' funds 28,019 25,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

COMPLETE ASBESTOS SOLUTIONS LTD (REGISTERED NUMBER: 12871040)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 June 2025 and were signed on its behalf by:




Mr T Doyle - Director



Mr P J Maidment - Director


COMPLETE ASBESTOS SOLUTIONS LTD (REGISTERED NUMBER: 12871040)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

Complete Asbestos Solutions Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12871040. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 8 Mannings Heath Road, Poole, Dorset, BH12 4NQ

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 represents amounts receivable, excluding value added tax, in respect of goods and services provided in the ordinary course of business. Turnover is recognised as soon as the goods or services have been provided to the customer.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

COMPLETE ASBESTOS SOLUTIONS LTD (REGISTERED NUMBER: 12871040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. Accounting policies - continued

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 6 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 October 2023 817 14,695 871 16,383
Additions - - 126 126
At 30 September 2024 817 14,695 997 16,509
Depreciation
At 1 October 2023 358 6,429 353 7,140
Charge for year 115 2,067 161 2,343
At 30 September 2024 473 8,496 514 9,483
Net book value
At 30 September 2024 344 6,199 483 7,026
At 30 September 2023 459 8,266 518 9,243

COMPLETE ASBESTOS SOLUTIONS LTD (REGISTERED NUMBER: 12871040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 October 2023
and 30 September 2024 14,695
Depreciation
At 1 October 2023 6,429
Charge for year 2,067
At 30 September 2024 8,496
Net book value
At 30 September 2024 6,199
At 30 September 2023 8,266

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 18,725 17,769
Other debtors - 200
18,725 17,969

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 1,347 5,166
Trade creditors 1,334 2,006
Tax 5,406 6,086
Social security and other taxes 991 2,909
VAT 4,281 9,746
Other creditors 220 176
Directors' current accounts 48 157
Accruals and deferred income 1,995 2,095
15,622 28,341

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts - 1,347

COMPLETE ASBESTOS SOLUTIONS LTD (REGISTERED NUMBER: 12871040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,347 6,513

Amounts owing under hire purchase agreements are secured against the assets to which they relate.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,757 2,311

Deferred
tax
£   
Balance at 1 October 2023 2,311
Provided during year (554 )
Balance at 30 September 2024 1,757

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30 Ordinary £1 30 10

20 Ordinary shares of £1 were issued during the year for cash of £ 20 .

11. Ultimate controlling party

None of the shareholders of the company hold a majority interest and therefore no individual is deemed to exercise ultimate control.