Company Registration No. 02221477 (England and Wales)
C.G.S Limited
Unaudited accounts
for the year ended 31 August 2021
C.G.S Limited
Unaudited accounts
Contents
C.G.S Limited
Company Information
for the year ended 31 August 2021
Director
Christopher Derek Andrew Burden
Company Number
02221477 (England and Wales)
Registered Office
River Kwai Restaurant, Unit 2
Cross & Pillory House
Alton
Hampshire
GU34 1HL
Accountants
Mad About Book-Keeping Limited
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
C.G.S Limited
Statement of financial position
as at 31 August 2021
Tangible assets
23,106
26,238
Cash at bank and in hand
104,233
103,881
Creditors: amounts falling due within one year
(55,059)
(43,029)
Net current assets
72,615
69,147
Total assets less current liabilities
95,721
95,385
Creditors: amounts falling due after more than one year
(38,333)
(48,611)
Called up share capital
1,000
1,000
Profit and loss account
56,388
45,774
Shareholders' funds
57,388
46,774
For the year ending 31 August 2021 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 24 February 2022 and were signed on its behalf by
Christopher Derek Andrew Burden
Director
Company Registration No. 02221477
C.G.S Limited
Notes to the Accounts
for the year ended 31 August 2021
C.G.S Limited is a private company, limited by shares, registered in England and Wales, registration number 02221477. The registered office is River Kwai Restaurant, Unit 2, Cross & Pillory House, Alton, Hampshire, GU34 1HL.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
10% on cost
Motor vehicles
15% on cost
Fixtures & fittings
10% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
C.G.S Limited
Notes to the Accounts
for the year ended 31 August 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2020
12,676
45,656
100,226
158,558
Disposals
-
(2,500)
-
(2,500)
At 31 August 2021
12,676
43,156
102,938
158,770
At 1 September 2020
11,560
31,343
89,417
132,320
Charge for the year
155
1,950
1,614
3,719
On disposals
-
(375)
-
(375)
At 31 August 2021
11,715
32,918
91,031
135,664
At 31 August 2021
961
10,238
11,907
23,106
At 31 August 2020
1,116
14,313
10,809
26,238
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
16,349
4,295
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
1,389
Trade creditors
16,246
10,847
Taxes and social security
1,172
2,964
Other creditors
10,567
20,258
Loans from directors
24
84
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 5 (2020: 4).
