Company registration number: 03868383
Unaudited financial statements
for the year ended 31 December 2024
for
CBC Holdings Limited
Pages for filing with the Registrar
Company registration number: 03868383
CBC Holdings Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 28,726 34,172
Investments 5 937 937
29,663 35,109
Current assets
Stocks 2,350 2,300
Debtors 222,642 295,549
Cash at bank and in hand 774,614 740,604
999,606 1,038,453
Creditors: amounts falling due within one
year
(273,602) (283,892)
Net current assets 726,004 754,561
Total assets less current liabilities 755,667 789,670
Provisions for liabilities (6,939) (8,247)
NET ASSETS 748,728 781,423
Capital and reserves
Called up share capital 925 925
Share premium account 79,925 79,925
Other reserves 75 75
Profit and loss account 667,803 700,498
TOTAL EQUITY 748,728 781,423
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03868383
CBC Holdings Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 May 2025 and signed on its behalf by:
Mr C Lowe, Director Mrs D Lowe, Director
20 May 2025 20 May 2025
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CBC Holdings Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
CBC Holdings Limited is a private company registered in England and Wales. Its registered number is 03868383. The company is limited by shares. Its registered office is Unit 39 Coneygree Industrial Estate, Tipton, DY4 8XP.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about CBC Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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CBC Holdings Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 12 (2023 - 12).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 335,758
At 31 December 2024 335,758
Depreciation
At 1 January 2024 301,586
Charge for year 5,446
At 31 December 2024 307,032
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CBC Holdings Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Tangible fixed assets - continued
Net book value
At 31 December 2024 28,726
At 31 December 2023 34,172
5 Fixed asset investments
Investments other than loans
Other
investments
other than
loans
£
Cost
At 1 January 2024 937
At 31 December 2024 937
Net book value
At 31 December 2024 937
At 31 December 2023 937
6 Off-balance sheet arrangements
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year £23,500 (2023 £23,500)
Between one and five years £9,792 (2023 £33,292)
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