CBS Design & Construction Limited 12938279 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Renovation of property Digita Accounts Production Advanced 6.30.9574.0 true 12938279 2023-11-01 2024-10-31 12938279 2024-10-31 12938279 core:CurrentFinancialInstruments 2024-10-31 12938279 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12938279 core:Non-currentFinancialInstruments 2024-10-31 12938279 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 12938279 core:FurnitureFittingsToolsEquipment 2024-10-31 12938279 core:LandBuildings 2024-10-31 12938279 core:MotorVehicles 2024-10-31 12938279 core:OtherPropertyPlantEquipment 2024-10-31 12938279 bus:SmallEntities 2023-11-01 2024-10-31 12938279 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12938279 bus:AbridgedAccounts 2023-11-01 2024-10-31 12938279 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12938279 bus:RegisteredOffice 2023-11-01 2024-10-31 12938279 bus:Director1 2023-11-01 2024-10-31 12938279 bus:Director2 2023-11-01 2024-10-31 12938279 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12938279 bus:Agent1 2023-11-01 2024-10-31 12938279 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 12938279 core:LandBuildings 2023-11-01 2024-10-31 12938279 core:MotorVehicles 2023-11-01 2024-10-31 12938279 core:OfficeEquipment 2023-11-01 2024-10-31 12938279 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 12938279 core:PlantMachinery 2023-11-01 2024-10-31 12938279 countries:EnglandWales 2023-11-01 2024-10-31 12938279 2023-10-31 12938279 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 12938279 core:FurnitureFittingsToolsEquipment 2023-10-31 12938279 core:LandBuildings 2023-10-31 12938279 core:MotorVehicles 2023-10-31 12938279 core:OtherPropertyPlantEquipment 2023-10-31 12938279 2022-11-01 2023-10-31 12938279 2023-10-31 12938279 core:CurrentFinancialInstruments 2023-10-31 12938279 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12938279 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 12938279 core:FurnitureFittingsToolsEquipment 2023-10-31 12938279 core:LandBuildings 2023-10-31 12938279 core:MotorVehicles 2023-10-31 12938279 core:OtherPropertyPlantEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 12938279

CBS Design & Construction Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 October 2024

CBS Design & Construction Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 10

CBS Design & Construction Limited

Company Information

Directors | S A R Thomson C S Stanford-Forbes

Registered office | 3 The Walk Spratton Northampton NN6 8HU

Accountants | 10. Chartered Accountants 10 Cheyne Walk Northampton Northamptonshire NN1 5PT

CBS Design & Construction Limited

(Registration number: 12938279)
Abridged Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 2,139,414 | 2,148,394
Investments | 6 | 100 | -
|  | 2,139,514 | 2,148,394
Current assets |  |  |
Stocks | 7 | 2,585,000 | 217,404
Debtors |  | 33,272 | 67,191
Cash at bank and in hand |  | 84,872 | 5,057
|  | 2,703,144 | 289,652
Prepayments and accrued income |  | - | 39,000
Creditors: Amounts falling due within one year |  | (4,666,915) | (1,561,116)
Net current liabilities |  | (1,963,771) | (1,232,464)
Total assets less current liabilities |  | 175,743 | 915,930
Creditors: Amounts falling due after more than one year |  | (26,328) | (790,351)
Net assets |  | 149,415 | 125,579
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 149,413 | 125,577
Shareholders' funds |  | 149,415 | 125,579

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 and the option to not file the profit and loss account has been taken.

CBS Design & Construction Limited

(Registration number: 12938279)
Abridged Balance Sheet as at 31 October 2024

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 October 2025 and signed on its behalf by:

......................................... S A R Thomson Director
......................................... C S Stanford-Forbes Director

CBS Design & Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 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:
3 The Walk
Spratton
Northampton
NN6 8HU

These financial statements were authorised for issue by the Board on 17 October 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 abridged 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 abridged 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.

CBS Design & Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.
Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

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 sales/value added tax, returns, rebates and discounts.
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.

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 income 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.

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
Plant and machinery | 20% reducing balance
Motor vehicles | 25% reducing balance
Office equipment | 25% reducing balance

CBS Design & Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

CBS Design & Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 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. 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

CBS Design & Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

4 | Profit before tax

Arrived at after charging/(crediting)

| 2024 £ | 2023 £
Depreciation expense | 8,980 | 11,647

CBS Design & Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 November 2023 | 2,108,554 | 1,132 | 34,850 | 29,000 | 2,173,536
At 31 October 2024 | 2,108,554 | 1,132 | 34,850 | 29,000 | 2,173,536
Depreciation
At 1 November 2023 | - | 495 | 15,247 | 9,400 | 25,142
Charge for the year | - | 159 | 4,901 | 3,920 | 8,980
At 31 October 2024 | - | 654 | 20,148 | 13,320 | 34,122
Carrying amount
At 31 October 2024 | 2,108,554 | 478 | 14,702 | 15,680 | 2,139,414
At 31 October 2023 | 2,108,554 | 637 | 19,603 | 19,600 | 2,148,394

Included within the net book value of land and buildings above is £2,108,554 (2023 - £2,108,554) in respect of freehold land and buildings.

CBS Design & Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

6 | Investments

| Total £
Cost or valuation
At 1 November 2023 | 100
Provision
Carrying amount
At 31 October 2024 | 100

| 2024 £ | 2023 £

7 | Stocks

| 2024 £ | 2023 £
Work in progress | 2,585,000 | 217,404