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Company registration number: 7875489
CWB Management Services Ltd
Unaudited filleted financial statements
31 December 2024
CWB Management Services Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
CWB Management Services Ltd
Directors and other information
Director Mr Craig Bassett
Company number 7875489
Registered office 3 Colwyn Cottages
Gilchrist Way
Littlewick Green
Maidenhead
SL6 3RG
Business address 3 Colwyn Cottages
Gilchrist Way
Littlewick Green
SL6 3RG
CWB Management Services Ltd
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 33,980 50,016
_______ _______
33,980 50,016
Current assets
Cash at bank and in hand 23,602 53,364
_______ _______
23,602 53,364
Creditors: amounts falling due
within one year 5 ( 27,618) ( 34,620)
_______ _______
Net current (liabilities)/assets ( 4,016) 18,744
_______ _______
Total assets less current liabilities 29,964 68,760
Creditors: amounts falling due
after more than one year 6 ( 1,821) ( 10,173)
_______ _______
Net assets 28,143 58,587
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 28,142 58,586
_______ _______
Shareholder funds 28,143 58,587
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Mr Craig Bassett
Director
Company registration number: 7875489
CWB Management Services Ltd
Statement of changes in equity
Year ended 31 December 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2023 1 34,824 34,825
Profit for the year 76,762 76,762
_______ _______ _______
Total comprehensive income for the year - 76,762 76,762
Dividends paid and payable ( 53,000) ( 53,000)
_______ _______ _______
Total investments by and distributions to owners - ( 53,000) ( 53,000)
_______ _______ _______
At 31 December 2023 and 1 January 2024 1 58,586 58,587
Profit for the year 26,698 26,698
_______ _______ _______
Total comprehensive income for the year - 26,698 26,698
Dividends paid and payable ( 57,142) ( 57,142)
_______ _______ _______
Total investments by and distributions to owners - ( 57,142) ( 57,142)
_______ _______ _______
At 31 December 2024 1 28,142 28,143
_______ _______ _______
CWB Management Services Ltd
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 3 Colwyn Cottages, Gilchrist Way, Littlewick Green, Maidenhead, SL6 3RG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Fixed assets are recorded at cost less applicable depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.
Defined contribution plans
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 8,786 7,883
Corporation tax 8,420 19,031
Social security and other taxes 9,354 7,509
Other creditors 1,058 197
_______ _______
27,618 34,620
_______ _______
6. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 1,821 10,173
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Craig Bassett ( 197) ( 861) - ( 1,058)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Craig Bassett - ( 2,197) 2,000 ( 197)
_______ _______ _______ _______