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CLADDING CONSTRUCTION INDUSTRIAL ROOFING SERVICES LIMITED |
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Company registered number: 05207978 |
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STATEMENT OF FINANCIAL POSITION AT 28 February 2025 |
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Note |
2025 |
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2023 |
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£ |
£ |
£ |
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FIXED ASSETS |
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Property, plant and equipment |
3 |
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21,451 |
29,441 |
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CURRENT ASSETS |
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Inventories |
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- |
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41,325 |
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Debtors |
4 |
42,907 |
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22,377 |
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Cash at bank and in hand |
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142,033 |
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38,870 |
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184,940 |
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102,572 |
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CREDITORS: Amounts falling due within one year |
5 |
47,621 |
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53,473 |
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NET CURRENT ASSETS |
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137,319 |
49,099 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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158,770 |
78,540 |
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CREDITORS: Amounts falling due after more than one year |
6 |
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(16,054) |
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PROVISIONS FOR LIABILITIES |
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(95,000) |
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NET ASSETS |
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£63,770 |
£62,486 |
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CAPITAL AND RESERVES |
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Called up share capital |
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2 |
2 |
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Retained earnings |
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63,768 |
62,484 |
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SHAREHOLDERS' FUNDS |
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£63,770 |
£62,486 |
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In approving these financial statements as directors of the company we hereby confirm the following: |
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For the period in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. |
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The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with section 476 of the Companies Act 2006. |
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The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as they are applicable to the company.
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These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved and authorised for issue by the board of directors on 02 July 2025 |
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Signed on behalf of the board of directors |
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D Bowen, Director |
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| 7. |
PENSION ARRANGEMENTS |
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Pensions |
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£ |
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Retirement benefits |
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95,000 |
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Movements on provisions: |
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Retirement |
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Benefits |
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Provision for the year |
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95,000 |
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At 28th February 2025 |
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95,000 |
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Retirement Benefit Schemes |
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2,025 |
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Charge to profit or loss in respect of defined benefit schemes |
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95,000 |
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The company provided pension benefits in respect od seniors employees. Amounts payable are charged to the profit and loss account in the accounting period as a constructive obligation existed at 28 February 2025. This obligation was satisfied within 9 months of the period end by the company entering into pension contracts with director and employee. The number of directors and employees to whom pension benefits are accruing under these pension agreements is 2 (2024: 0). |
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The contributions and potential liabilities of the company in respect of the pension arrangement are fixed at least until the date of retirement of the employees which is over 5 years from the year end date. |
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Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the director is of the opinion that it does not bear any of the hallmarks of what is usually considered to be a defined benefit scheme and therefore no further disclosures are considered necessary to understand the nature and measurement of the liability. |
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The diretor is also of the opinion that the liability as disclosed in the financial statements represents the full and final amount which could be expected at this stage, to be paid in the future to settle the pension agreement liabilities. |
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