Cawl Bunker Services Limited 31/12/2022 iXBRL

Cawl Bunker Services Limited 31/12/2022 iXBRL

CAWL BUNKER SERVICES LIMITED - Company Information

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1 31/12/2022 2022-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03078336 2022-01-01 2022-12-31 03078336 2022-12-31 03078336 2021-12-31 03078336 2021-01-01 2021-12-31 03078336 2021-12-31 03078336 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 03078336 bus:Director1 2022-01-01 2022-12-31 03078336 core:FurnitureFittingsToolsEquipment 2021-12-31 03078336 core:FurnitureFittingsToolsEquipment 2022-12-31 03078336 core:WithinOneYear 2022-12-31 03078336 core:WithinOneYear 2021-12-31 03078336 core:AfterOneYear 2022-12-31 03078336 core:AfterOneYear 2021-12-31 03078336 core:ShareCapital 2022-12-31 03078336 core:ShareCapital 2021-12-31 03078336 core:RetainedEarningsAccumulatedLosses 2022-12-31 03078336 core:RetainedEarningsAccumulatedLosses 2021-12-31 03078336 core:FurnitureFittingsToolsEquipment 2021-12-31 03078336 bus:SmallEntities 2022-01-01 2022-12-31 03078336 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03078336 bus:FullAccounts 2022-01-01 2022-12-31 03078336 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 03078336 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Company registration number: 03078336
Cawl Bunker Services Limited
Unaudited filleted financial statements
31 December 2022
Cawl Bunker Services Limited
Contents
Statement of financial position
Notes to the financial statements
Cawl Bunker Services Limited
Statement of financial position
31 December 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 1,000 2,170
_______ _______
1,000 2,170
Current assets
Debtors 6 220,874 219,240
Cash at bank and in hand 251 5,082
_______ _______
221,125 224,322
Creditors: amounts falling due
within one year 7 ( 214,555) ( 213,471)
_______ _______
Net current assets 6,570 10,851
_______ _______
Total assets less current liabilities 7,570 13,021
Creditors: amounts falling due
after more than one year 8 ( 27,473) ( 34,167)
_______ _______
Net liabilities ( 19,903) ( 21,146)
_______ _______
Capital and reserves
Called up share capital 385,000 385,000
Profit and loss account ( 404,903) ( 406,146)
_______ _______
Shareholders deficit ( 19,903) ( 21,146)
_______ _______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 September 2023 , and are signed on behalf of the board by:
A M Delaney
Director
Company registration number: 03078336
Cawl Bunker Services Limited
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 St Mark Street, London, E1 8DA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings and fixtures - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Tangible assets
Fixtures and fittings Total
£ £
Cost
At 1 January 2022 27,410 27,410
Disposals ( 3,902) ( 3,902)
_______ _______
At 31 December 2022 23,508 23,508
_______ _______
Depreciation
At 1 January 2022 25,240 25,240
Charge for the year 1,170 1,170
Disposals ( 3,902) ( 3,902)
_______ _______
At 31 December 2022 22,508 22,508
_______ _______
Carrying amount
At 31 December 2022 1,000 1,000
_______ _______
At 31 December 2021 2,170 2,170
_______ _______
6. Debtors
2022 2021
£ £
Trade debtors 66,102 78,372
Other debtors 154,772 140,868
_______ _______
220,874 219,240
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts - 12,639
Trade creditors 22,963 36,311
Social security and other taxes 58,438 56,075
Other creditors 133,154 108,446
_______ _______
214,555 213,471
_______ _______
8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans and overdrafts 27,473 34,167
_______ _______