C. B. S. Precast Ltd 02573302 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the supply and installation of precast concrete products. Digita Accounts Production Advanced 6.30.9574.0 true 02573302 2023-10-01 2024-09-30 02573302 2024-09-30 02573302 core:RetainedEarningsAccumulatedLosses 2024-09-30 02573302 core:ShareCapital 2024-09-30 02573302 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-09-30 02573302 core:CurrentFinancialInstruments 2024-09-30 02573302 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 02573302 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 02573302 core:MotorVehicles 2024-09-30 02573302 core:PlantMachinery 2024-09-30 02573302 bus:SmallEntities 2023-10-01 2024-09-30 02573302 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02573302 bus:FilletedAccounts 2023-10-01 2024-09-30 02573302 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02573302 bus:RegisteredOffice 2023-10-01 2024-09-30 02573302 bus:Director1 2023-10-01 2024-09-30 02573302 bus:Director2 2023-10-01 2024-09-30 02573302 bus:Director3 2023-10-01 2024-09-30 02573302 bus:Director4 2023-10-01 2024-09-30 02573302 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02573302 core:LandBuildings 2023-10-01 2024-09-30 02573302 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02573302 core:MotorVehicles 2023-10-01 2024-09-30 02573302 core:PlantMachinery 2023-10-01 2024-09-30 02573302 1 2023-10-01 2024-09-30 02573302 countries:EnglandWales 2023-10-01 2024-09-30 02573302 2023-09-30 02573302 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 02573302 core:MotorVehicles 2023-09-30 02573302 core:PlantMachinery 2023-09-30 02573302 2022-07-01 2023-09-30 02573302 2023-09-30 02573302 core:RetainedEarningsAccumulatedLosses 2023-09-30 02573302 core:ShareCapital 2023-09-30 02573302 core:CurrentFinancialInstruments 2023-09-30 02573302 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 02573302 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 02573302 core:MotorVehicles 2023-09-30 02573302 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 02573302

C. B. S. Precast Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

C. B. S. Precast Ltd

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

C. B. S. Precast Ltd

Company Information

Directors

A Webb

M G Brown

C J R Bailey

C A Jarrett

Registered office

Unit 1 Westfield Business Park
Barns Ground
Kenn
Clevedon
North Somerset
BS21 6UA

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

C. B. S. Precast Ltd

Directors' Report
Year Ended 30 September 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

A Webb

M G Brown

C J R Bailey

C A Jarrett

Principal activity

The principal activity of the company is the supply and installation of precast concrete products.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 11 July 2025 and signed on its behalf by:

.........................................
C J R Bailey
Director

 

C. B. S. Precast Ltd

(Registration number: 02573302)
Balance Sheet
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

196,039

194,200

Other financial assets

5

216,069

190,017

 

412,108

384,217

Current assets

 

Debtors

6

1,147,150

898,912

Cash at bank and in hand

 

773,431

996,704

 

1,920,581

1,895,616

Creditors: Amounts falling due within one year

7

(896,699)

(759,254)

Net current assets

 

1,023,882

1,136,362

Total assets less current liabilities

 

1,435,990

1,520,579

Provisions for liabilities

(6,217)

(6,217)

Net assets

 

1,429,773

1,514,362

Capital and reserves

 

Called up share capital

500

500

Retained earnings

1,429,273

1,513,862

Shareholders' funds

 

1,429,773

1,514,362

 

C. B. S. Precast Ltd

(Registration number: 02573302)
Balance Sheet
30 September 2024

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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 11 July 2025 and signed on its behalf by:
 

.........................................
C J R Bailey
Director

 

C. B. S. Precast Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Unit 1 Westfield Business Park
Barns Ground
Kenn
Clevedon
North Somerset
BS21 6UA

These financial statements were authorised for issue by the Board on 11 July 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.

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 value added tax.

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.

 

C. B. S. Precast Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

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 corporation 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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

Land and buildings

2% Straight line

Plant and machinery

20% Reducing balance / 25% Straight line

Motor vehicles

25% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for goods sold and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. 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.

 

C. B. S. Precast Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at transaction price. 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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

C. B. S. Precast Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

173,015

47,720

85,964

306,699

Additions

-

24,995

-

24,995

Disposals

-

(4,292)

(19,756)

(24,048)

At 30 September 2024

173,015

68,423

66,208

307,646

Depreciation

At 1 October 2023

5,190

36,109

71,200

112,499

Charge for the year

3,461

12,976

5,175

21,612

Eliminated on disposal

-

(3,712)

(18,792)

(22,504)

At 30 September 2024

8,651

45,373

57,583

111,607

Carrying amount

At 30 September 2024

164,364

23,050

8,625

196,039

At 30 September 2023

167,825

11,611

14,764

194,200

 

C. B. S. Precast Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Non-current financial assets

Cost or valuation

At 1 October 2023

190,017

Fair value adjustments

26,052

At 30 September 2024

216,069

Impairment

Carrying amount

At 30 September 2024

216,069

6

Debtors

2024
£

2023
£

Trade debtors

968,291

802,966

Other debtors

142,965

15,000

Prepayments

35,894

80,946

1,147,150

898,912

 

C. B. S. Precast Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

868,973

515,534

Taxation and social security

4,809

196,289

Accruals and deferred income

19,337

43,101

Other creditors

3,580

4,330

896,699

759,254

8

Loans and borrowings

Bank borrowings

The bank loans are secured over the assets of the company.