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Registration number: 05414328

Controlled Building Measures Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Controlled Building Measures Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Controlled Building Measures Limited

(Registration number: 05414328)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

177,630

225,047

Current assets

 

Stocks

5

403,590

391,968

Debtors

6

1,491,950

869,891

Cash at bank and in hand

 

946,610

780,649

 

2,842,150

2,042,508

Creditors: Amounts falling due within one year

7

(1,001,369)

(523,481)

Net current assets

 

1,840,781

1,519,027

Total assets less current liabilities

 

2,018,411

1,744,074

Provisions for liabilities

(40,821)

(46,153)

Net assets

 

1,977,590

1,697,921

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,977,490

1,697,821

Shareholders' funds

 

1,977,590

1,697,921

For the financial year ending 30 September 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 13 June 2025
 

.........................................
J S Venney
Director

 

Controlled Building Measures Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
26 South St. Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

The principal place of business is:
6 Cleethorpe Road
Grimsby
N E Lincolnshire
DN31 3LB

These financial statements were authorised for issue by the director on 13 June 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

 

Controlled Building Measures Limited

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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

Plant and machinery

15% Reducing balance

Fixtures and fittings

15% Reducing balance

Motor vehicles

25% Reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Controlled Building Measures Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 13 (2023 - 12).

 

Controlled Building Measures Limited

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

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

37,456

149,829

171,991

359,276

Additions

-

3,729

-

3,729

Disposals

-

(854)

-

(854)

At 30 September 2024

37,456

152,704

171,991

362,151

Depreciation

At 1 October 2023

31,567

93,642

9,020

134,229

Charge for the year

883

8,730

40,743

50,356

Eliminated on disposal

-

(64)

-

(64)

At 30 September 2024

32,450

102,308

49,763

184,521

Carrying amount

At 30 September 2024

5,006

50,396

122,228

177,630

At 30 September 2023

5,889

56,187

162,971

225,047

5

Stocks

2024
£

2023
£

Work in progress

403,590

391,879

Other inventories

-

89

403,590

391,968

6

Debtors

Current

2024
£

2023
£

Trade debtors

261,343

382,303

Prepayments

97,124

103,334

Other debtors

1,133,483

384,254

 

1,491,950

869,891

 

Controlled Building Measures Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

250,979

76,168

Taxation and social security

139,734

46,432

Accruals and deferred income

520,188

333,766

Other creditors

90,468

67,115

1,001,369

523,481

8

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £435.00) per ordinary share

-

435,000

 

 

9

Related party transactions

Transactions with the Director

2024

At 1 October 2023
£

Advances to Director
£

Repayments by Director
£

At 30 September 2024
£

J S Venney

Directors Loan Account

107,502

420,805

(149,323)

378,984

2023

At 1 October 2022
£

Advances to Director
£

Repayments by Director
£

At 30 September 2023
£

J S Venney

Directors Loan Account

176,421

451,062

(519,981)

107,502

Summary of transactions with parent

Controlled Building Measures (Holdings) Limited Parent
The company has taken advantage of the exemption in section 33 of FRS 102 ' Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.

 

Controlled Building Measures Limited

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

10

Parent and ultimate parent undertaking

The Company's immediate parent is Controlled Building Measures (Holdings) Limited, incorporated in UK.