Concept Developments (Cobham) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06358039 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CONCEPT DEVELOPMENTS (COBHAM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N J Daley

SECRETARIES:

J F B Andersen

Mrs H Andersen

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

06358039 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

22,667

38,026

CURRENT ASSETS

Stocks

431,610

427,412

Debtors

5

3,416,548

4,055,791

Cash at bank and in hand

457,008

939,291

4,305,166

5,422,494

CREDITORS

Amounts falling due within one year

6

4,289,364

5,781,734

NET CURRENT ASSETS/(LIABILITIES)

15,802

(359,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,469

(321,214

)

PROVISIONS FOR LIABILITIES

7

4,422

-

NET ASSETS/(LIABILITIES)

34,047

(321,214

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

34,045

(321,216

)

SHAREHOLDERS' FUNDS

34,047

(321,214

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 December 2022 and were signed by:

N J Daley - Director

1.	STATUTORY INFORMATION

Concept Developments (Cobham) 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 contract income and retail sales.

Contract income is shown in the profit and loss account and represents amounts due in respect of work performed during the year, exclusive of value added tax. Valuations pending invoicing are recognised as turnover rather than work in progress.

Retail sales represent net invoiced sales of goods, excluding value added tax. Turnover is recognised when goods are sold in store.

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 etc

-

33.33% on cost, 25% on cost and 20% on cost

Stocks

Stock comprises goods held for resale, which are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items.

Cost is based on the cost of goods including delivery charges.

Net realisable value is based on estimated selling prices.

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

355,300

Additions

6,147

At 31 December 2021

361,447

DEPRECIATION

At 1 January 2021

317,274

Charge for year

21,506

At 31 December 2021

338,780

NET BOOK VALUE

At 31 December 2021

22,667

At 31 December 2020

38,026

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

88,299

555,730

Amounts recoverable on contract

1,000

39,223

Other debtors

3,327,249

3,460,838

3,416,548

4,055,791

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

-

8,279

Trade creditors

252,988

222,092

Taxation and social security

131,340

50,692

Other creditors

3,905,036

5,500,671

4,289,364

5,781,734

7.	PROVISIONS FOR LIABILITIES

31.12.21

£

Deferred tax

4,422

Deferred

tax

£

Balance at 1 January 2021

(2,200

)

Provided during year

6,622

Balance at 31 December 2021

4,422

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

90

A Ordinary

£0.01

2

2

40

B Ordinary

£0.01

-

-

70

C Ordinary

£0.01

-

-

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21

31.12.20

£

£

Director

Balance outstanding at start of year

265

1,628

Amounts advanced

-

1,263

Amounts repaid

-

(2,626

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

265

265

The loan is interest free.