Cundalls (Yorkshire) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07330895 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CUNDALLS (YORKSHIRE) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D T Watson

T K Watson

REGISTERED OFFICE:

12 Alma Square

Scarborough

North Yorkshire

YO11 1JU

REGISTERED NUMBER:

07330895 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

72,621

76,476

Investments

6

4,758

4,758

77,379

81,234

CURRENT ASSETS

Debtors

7

334,445

212,623

Investments

8

231,456

282,132

Cash at bank and in hand

133,085

262,055

698,986

756,810

CREDITORS

Amounts falling due within one year

9

356,322

519,478

NET CURRENT ASSETS

342,664

237,332

TOTAL ASSETS LESS CURRENT LIABILITIES

420,043

318,566

PROVISIONS FOR LIABILITIES

32,804

27,957

NET ASSETS

387,239

290,609

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

387,139

290,509

SHAREHOLDERS' FUNDS

387,239

290,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 20 March 2024 and were signed on its behalf by:

D T Watson - Director

1.	STATUTORY INFORMATION

Cundalls (Yorkshire) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors have considered the financial resources and commitments of the company and have concluded that there are sufficient resources in place to continue operating for the foreseeable future. The directors therefore consider it appropriate to continue to prepare the accounts on the going concern basis.

Revenue

Revenue represents services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Goodwill

Goodwill connected with the purchase of a trade is initially measured at cost. After initial recognition goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Business acquisitions

- 20% on straight line basis

Property, plant and equipment

Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

Office equipment

- 15% on reducing balance

Fixtures and fittings

- 25% on reducing balance

Computer equipment

- 33% on cost

Plant and machinery

- 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings and joint venture partnerships are initially measured at cost. After initial recognition investments in subsidiary undertakings and joint venture partnerships are reduced by any accumulated impairment losses.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties. The company also holds financial instruments in the form of fixed asset investments recognised at fair value.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2022

and 31 October 2023

151,262

AMORTISATION

At 1 November 2022

and 31 October 2023

151,262

NET BOOK VALUE

At 31 October 2023

-

At 31 October 2022

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Office

and

Plant and

Computer

equipment

fittings

machinery

equipment

Totals

£

£

£

£

£

COST

At 1 November 2022

45,601

18,624

71,676

85,820

221,721

Additions

5,195

384

-

5,631

11,210

At 31 October 2023

50,796

19,008

71,676

91,451

232,931

DEPRECIATION

At 1 November 2022

26,595

16,629

28,190

73,831

145,245

Charge for year

3,370

586

3,974

7,135

15,065

At 31 October 2023

29,965

17,215

32,164

80,966

160,310

NET BOOK VALUE

At 31 October 2023

20,831

1,793

39,512

10,485

72,621

At 31 October 2022

19,006

1,995

43,486

11,989

76,476

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 November 2022

and 31 October 2023

3,667

2,000

5,667

PROVISIONS

At 1 November 2022

and 31 October 2023

-

909

909

NET BOOK VALUE

At 31 October 2023

3,667

1,091

4,758

At 31 October 2022

3,667

1,091

4,758

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

129,284

98,861

Amounts owed by group undertakings

6,000

6,000

Other debtors

199,161

107,762

334,445

212,623

8.	CURRENT ASSET INVESTMENTS

2023

2022

£

£

Joint venture partnership

231,456

282,132

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

78,274

64,526

Amounts owed to group undertakings

85,881

169,905

Taxation and social security

105,542

122,249

Other creditors

86,625

162,798

356,322

519,478

10.	OTHER FINANCIAL COMMITMENTS

At the year end the company has total financial commitments of £4,375 (2022 - £4,375).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Two of the directors operate loan accounts with the company which are repayable on demand. The following advances and credits subsisted during the years ended 31 October 2023 and 31 October 2022.

2023

2022

£

£

Balances outstanding at start of year

658

-

Amounts advanced

17,570

146,414

Amounts repaid

(5,188

)

(145,756

)

Amounts written off

-

-

Amounts waived

-

-

Balances outstanding at end of year

13,040

658

12.	RELATED PARTY DISCLOSURES

The company rents storage space from a business of which the directors are partners. The amount payable during the year was £30,000 (2022 - £30,000).