Ciglow Industrial Services Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05567277 (England and Wales)

Financial Statements for the Year Ended 31 December 2022

for

Ciglow Industrial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Williamson

J Williamson

REGISTERED OFFICE:

207 Cotton Exchange

Bixteth Street

Liverpool

Merseyside

L3 9LQ

REGISTERED NUMBER:

05567277 (England and Wales)

ACCOUNTANTS:

WG Tax Accountants

207 Cotton Exchange

Bixteth Street

Liverpool

Merseyside

L3 9LQ

FIXED ASSETS

Tangible assets

4

440

631

CURRENT ASSETS

Stocks

5

280

650

Debtors

6

37,988

41,826

Cash at bank

91,416

100,512

129,684

142,988

CREDITORS

Amounts falling due within one year

7

94,457

102,808

NET CURRENT ASSETS

35,227

40,180

TOTAL ASSETS LESS CURRENT LIABILITIES

35,667

40,811

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

35,666

40,810

35,667

40,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:

C Williamson - Director

1.	STATUTORY INFORMATION

Ciglow Industrial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of consideration due. Revenue is recognised at point of sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Computer equipment - 33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2022

and 31 December 2022

8,607

10,349

18,956

DEPRECIATION

At 1 January 2022

8,399

9,926

18,325

Charge for year

52

139

191

At 31 December 2022

8,451

10,065

18,516

NET BOOK VALUE

At 31 December 2022

156

284

440

At 31 December 2021

208

423

631

5.

STOCKS

31.12.22

31.12.21

£

£

Stocks

280

650

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

20,783

27,349

VAT

17,205

14,477

37,988

41,826

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

85,564

98,267

Tax

-

629

Social security and other taxes

-

1,347

Directors' current accounts

8,893

2,565

94,457

102,808

8.	CONTROLLING PARTY

The company is controlled by C J A Williamson via his holding of 100% of the issued share capital and position within the company.