CGC Design & Build Ltd - Filleted accounts

Registered number

04590201

CGC Design & Build Ltd

Filleted Accounts

31 March 2025

CGC Design & Build Ltd
Registered number:		04590201
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,063,266			1,042,430

Current assets
Stocks		14,750			-
Debtors	4	1,196,004			1,444,498
Cash at bank and in hand		21,975			30,980
		1,232,729			1,475,478

Creditors: amounts falling due within one year	5	(797,869)			(860,457)

Net current assets			434,860			615,021

Total assets less current liabilities			1,498,126			1,657,451

Creditors: amounts falling due after more than one year	6		(3,337)			(13,337)

Provisions for liabilities			(88,750)			(88,750)


Net assets			1,406,039			1,555,364

Capital and reserves
Called up share capital			100			100
Non-distributable reserve	7		582,150			582,150
Profit and loss account			823,789			973,114

Shareholders' funds			1,406,039			1,555,364

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Paul Singh
Director
Approved by the board on 12 December 2025

CGC Design & Build Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings (EXC. Land of £190k)			2% straight line
	Motor vehicles			25% straight line
	Fixtures, fittings, tools and equipment			20% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	1,200,251		41,316		14,990		1,256,557
	Additions	-		1,362		57,500		58,862
	Disposals	-		(25,032)		-		(25,032)
	At 31 March 2025	1,200,251		17,646		72,490		1,290,387

	Depreciation
	At 1 April 2024	162,160		36,977		14,990		214,127
	Charge for the year	20,205		802		14,375		35,382
	On disposals	-		(22,388)		-		(22,388)
	At 31 March 2025	182,365		15,391		29,365		227,121

	Net book value
	At 31 March 2025	1,017,886		2,255		43,125		1,063,266
	At 31 March 2024	1,038,091		4,339		-		1,042,430


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					455,251		455,251
	Cumulative depreciation based on historical cost					109,260		100,155
						345,991		355,096
	The freehold property valuation was reviewed during the year by the director based on the market value in the area. The director believes that the valuation stated as at the balance sheet date is their current valuation.


4	Debtors					2025		2024
£							£

	Trade debtors					35,472		67,620
	Amounts owed by related undertakings and undertakings in which the company has a participating interest					1,131,646		1,278,892
	Other debtors					28,886		97,986
						1,196,004		1,444,498


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans					10,000		10,000
	Trade creditors					10,843		85,194
	Amounts owed to related undertakings and undertakings in which the company has a participating interest					187,713		187,713
	Taxation and social security costs					7,319		5,762
	Director's loan account					220,131		360,698
	Other creditors					361,863		211,090
						797,869		860,457


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					3,337		13,337


7	Non-distributable reserve					2025		2024
£							£

	At 1 April 2024					582,150		582,150

	At 31 March 2025					582,150		582,150

	Profit and loss accounts includes non-distributable profits arisen as a result of gains on the revaluation of freehold property, net of deferred taxation. These profits are not distributable and hence are stated separately in the Statement of Changes in Equity to differenciate from distributable profits.


8	Related party transactions

	During the year the company had interest free inter-company loans transactions with Goldwater Ltd, Sterling Ventures London Ltd, SVL 1 Ltd and SVL 2 Ltd. All these companies are under common control. As at the balance sheet date the balance owed by Sterling Venture London Ltd was £931,646 (2024: £1,074,546), balance owed by SVL 1 Ltd was £nil (2024: £4,346), balance owed by SVL 2 Ltd was £200,000 (2024: £200,000) and the amount owed to Goldwater Ltd was £187,713 (2024: £187,713).


9	Other information

	CGC Design & Build Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Norwood Road
	Southall
	Middlesex
	UB2 4JF