Company registration number 10320899 (England and Wales)
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
COMPANY INFORMATION
Director
Mr S B Starkey
Company number
10320899
Registered office
2 Mannesman Close
Swansea Enterprise Park
Swansea
SA7 9AH
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 7
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF CASH AND CARRY COMPOSITES LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cash and Carry Composites Limited for the year ended 30 August 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/rulebook.html.

This report is made solely to the b oard of d irectors of Cash and Carry Composites Limited, as a body, in accordance with the terms of our engagement letter dated 18 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Cash and Carry Composites Limited and state those matters that we have agreed to state to the b oard of d irectors of Cash and Carry Composites Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-audit-exempt-companies-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cash and Carry Composites Limited and its b oard of d irectors as a body for our work or for this report.

It is your duty to ensure that Cash and Carry Composites Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cash and Carry Composites Limited. You consider that Cash and Carry Composites Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cash and Carry Composites Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
18 November 2025
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 AUGUST 2024
30 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
63,440
98,639
Current assets
Stocks
4
-
90,900
Debtors
5
666,383
299,475
Cash at bank and in hand
7,385
4,181
673,768
394,556
Creditors: amounts falling due within one year
6
(602,395)
(276,776)
Net current assets
71,373
117,780
Total assets less current liabilities
134,813
216,419
Creditors: amounts falling due after more than one year
7
-
0
(11,856)
Provisions for liabilities
9
(15,860)
(22,554)
Net assets
118,953
182,009
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
118,853
181,909
Total equity
118,953
182,009
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 AUGUST 2024
30 August 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 November 2025
Mr S B Starkey
Director
Company registration number 10320899 (England and Wales)
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024
- 4 -
1
Accounting policies
Company information

Cash and Carry Composites Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Mannesman Close, Swansea Enterprise Park, Swansea, SA7 9AH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
5 & 7 year straight line
Fixtures and fittings
33% straight line
Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Work in progress is stated at the lower of cost and net realisable value.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 31 August 2023 and 30 August 2024
244,852
9,630
18,650
273,132
Depreciation and impairment
At 31 August 2023
163,309
9,630
1,554
174,493
Depreciation charged in the year
31,469
-
0
3,730
35,199
At 30 August 2024
194,778
9,630
5,284
209,692
CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
(Continued)
- 6 -
Carrying amount
At 30 August 2024
50,074
-
0
13,366
63,440
At 30 August 2023
81,543
-
0
17,096
98,639
4
Stocks
2024
2023
£
£
Work in progress
-
90,900
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
6,000
219,800
Amounts owed by undertakings in which the company has a participating interest
659,097
79,631
Prepayments and accrued income
1,286
44
666,383
299,475

Amounts owed by related parties do not bear interest, are unsecured and are repayable on demand.

6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
31,693
Obligations under finance leases
8
11,856
10,944
Trade creditors
9
-
0
Amounts owed to undertakings in which the company has a participating interest
-
0
6,542
Corporation tax
23,401
26,583
Other taxation and social security
97,267
112,914
Other creditors
466,562
85,100
Accruals and deferred income
3,300
3,000
602,395
276,776

Amounts owed to related parties do not bear interest, are unsecured and are repayable on demand.

CASH AND CARRY COMPOSITES LIMITED
FORMERLY VICTORIAN HOUSE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
8
-
0
11,856
8
Finance lease obligations
2024
2023
Amounts due:
£
£
Within one year
11,856
10,944
After more than one year
-
0
11,856
11,856
22,800
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
11,856
10,944
In two to five years
-
0
11,856
11,856
22,800

Hire purchase obligations are secured on the assets to which they relate.

9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
15,860
22,554
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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