Company Registration No. 07330522 (England and Wales)
COMPOSITE MANUFACTURING AND DESIGN LTD
Unaudited accounts
for the year ended 31 December 2024
COMPOSITE MANUFACTURING AND DESIGN LTD
Unaudited accounts
Contents
COMPOSITE MANUFACTURING AND DESIGN LTD
Company Information
for the year ended 31 December 2024
Director
BUCKLEY, Warwick Alfred
Company Number
07330522 (England and Wales)
Registered Office
Unit 5a East Road
Marchwood Industrial Park
Southampton
Hampshire
SO40 4BX
UNITED KINGDOM
Accountants
AMG FINANCIAL UK LTD
23 Canadian Crescent
Selsey
Chichester
West Sussex
PO20 0UQ
COMPOSITE MANUFACTURING AND DESIGN LTD
Statement of financial position
as at 31 December 2024
Tangible assets
111,045
120,481
Inventories
204,300
186,706
Cash at bank and in hand
-
53,665
Creditors: amounts falling due within one year
(196,950)
(135,550)
Net current assets
88,334
136,148
Total assets less current liabilities
199,379
256,629
Creditors: amounts falling due after more than one year
(54,977)
(94,423)
Provisions for liabilities
Deferred tax
(27,761)
(29,392)
Net assets
116,641
132,814
Called up share capital
1
1
Profit and loss account
116,640
132,813
Shareholders' funds
116,641
132,814
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2025 and were signed on its behalf by
BUCKLEY, Warwick Alfred
Director
Company Registration No. 07330522
COMPOSITE MANUFACTURING AND DESIGN LTD
Notes to the Accounts
for the year ended 31 December 2024
COMPOSITE MANUFACTURING AND DESIGN LTD is a private company, limited by shares, registered in England and Wales, registration number 07330522. The registered office is Unit 5a East Road, Marchwood Industrial Park, Southampton, Hampshire, SO40 4BX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% SL
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Straight Line over 2 years
4
Intangible fixed assets
Goodwill
At 31 December 2024
30,000
At 31 December 2024
30,000
COMPOSITE MANUFACTURING AND DESIGN LTD
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
182,721
6,000
188,721
At 31 December 2024
204,021
6,000
210,021
At 1 January 2024
65,240
3,000
68,240
Charge for the year
29,236
1,500
30,736
At 31 December 2024
94,476
4,500
98,976
At 31 December 2024
109,545
1,500
111,045
At 31 December 2023
117,481
3,000
120,481
Amounts falling due within one year
Trade debtors
72,707
31,196
Accrued income and prepayments
8,277
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,098
-
Obligations under finance leases and hire purchase contracts
33,386
28,365
Trade creditors
19,174
62,386
Taxes and social security
37,795
9,397
Other creditors
29,096
23,942
Loans from directors
15,056
431
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
36,626
62,481
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).