1 January 2024 false No description of principal activity Taxfiler 2024.6 10381261business:PrivateLimitedCompanyLtd2024-01-012024-12-30 103812612023-12-31 103812612024-01-012024-12-30 10381261business:AuditExempt-NoAccountantsReport2024-01-012024-12-30 10381261business:FilletedAccounts2024-01-012024-12-30 103812612024-12-30 10381261business:Director12024-01-012024-12-30 10381261business:RegisteredOffice2024-01-012024-12-30 103812612023-12-31 10381261core:WithinOneYear2024-12-30 10381261core:WithinOneYear2023-12-31 10381261core:AfterOneYear2024-12-30 10381261core:AfterOneYear2023-12-31 10381261core:ShareCapitalcore:PreviouslyStatedAmount2024-12-30 10381261core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10381261core:RevaluationReservecore:PreviouslyStatedAmount2024-12-30 10381261core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 10381261core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-30 10381261core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10381261core:PreviouslyStatedAmount2024-12-30 10381261core:PreviouslyStatedAmount2023-12-31 10381261business:SmallEntities2024-01-012024-12-30 10381261countries:EnglandWales2024-01-012024-12-30 10381261core:PlantMachinery2024-01-012024-12-30 10381261core:FurnitureFittings2024-01-012024-12-30 10381261core:ComputerEquipment2024-01-012024-12-30 10381261core:LandBuildings2023-12-31 10381261core:PlantMachinery2023-12-31 10381261core:FurnitureFittings2023-12-31 10381261core:ComputerEquipment2023-12-31 10381261core:LandBuildings2024-01-012024-12-30 10381261core:LandBuildings2024-12-30 10381261core:PlantMachinery2024-12-30 10381261core:FurnitureFittings2024-12-30 10381261core:ComputerEquipment2024-12-30 103812612023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10381261 (England and Wales)
Cif Bude Ltd Unaudited accounts for the period from 1 January 2024 to 30 December 2024
Cif Bude Ltd Unaudited accounts Contents
Page
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Cif Bude Ltd Company Information for the period from 1 January 2024 to 30 December 2024
Director
Samuel Beazley
Company Number
10381261 (England and Wales)
Registered Office
The Venue Stucley Road Bude Cornwall EX23 8AR England
Accountants
MUHAMMAD SAAD (MAAT) DIVINE ACCOUNTANTS LTD 39 FARTHING GROVE MITLON KEYNES BUCKINGHAMSHIRE MK6 4JH
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Cif Bude Ltd Statement of financial position as at 30 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
832,616 
850,116 
Current assets
Debtors
11,485 
6,875 
Cash at bank and in hand
192,950 
174,413 
204,435 
181,288 
Creditors: amounts falling due within one year
(70,490)
(70,396)
Net current assets
133,945 
110,892 
Total assets less current liabilities
966,561 
961,008 
Creditors: amounts falling due after more than one year
(736,856)
(712,395)
Provisions for liabilities
Other provisions
(6,754)
(6,754)
Net assets
222,951 
241,859 
Capital and reserves
Called up share capital
140 
2 
Revaluation reserve
(74,750)
(44,750)
Profit and loss account
297,561 
286,607 
Shareholders' funds
222,951 
241,859 
For the period ending 30 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 29 August 2025 and were signed on its behalf by
Samuel Beazley Director Company Registration No. 10381261
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Cif Bude Ltd Notes to the Accounts for the period from 1 January 2024 to 30 December 2024
1
Statutory information
Cif Bude Ltd is a private company, limited by shares, registered in England and Wales, registration number 10381261. The registered office is The Venue, Stucley Road, Bude, Cornwall, EX23 8AR, England.
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.
3
Accounting policies
These financial statements for the period from 1 January 2024 to 30 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
Dep @ 20% SLM
Fixtures & fittings
Dep @ 20% SLM
Computer equipment
Dep @ 20% SLM
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
798,000 
6,839 
65,935 
3,479 
874,253 
Disposals
- 
- 
(2,813)
- 
(2,813)
At 30 December 2024
798,000 
6,839 
63,122 
3,479 
871,440 
Depreciation
At 1 January 2024
- 
2,735 
20,373 
1,029 
24,137 
Charge for the period
- 
1,368 
12,623 
696 
14,687 
At 30 December 2024
- 
4,103 
32,996 
1,725 
38,824 
Net book value
At 30 December 2024
798,000 
2,736 
30,126 
1,754 
832,616 
At 31 December 2023
798,000 
4,104 
45,562 
2,450 
850,116 
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Cif Bude Ltd Notes to the Accounts for the period from 1 January 2024 to 30 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,485 
6,875 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,611 
6,946 
Trade creditors
38,657 
42,046 
Taxes and social security
12,411 
7,529 
Other creditors
(41)
(114)
Loans from directors
9,864 
10,001 
Accruals
3,988 
3,988 
70,490 
70,396 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,029 
37,390 
Other creditors
703,827 
675,005 
736,856 
712,395 
8
Average number of employees
During the period the average number of employees was 9 (2023: 8).
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