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Financial Statements |
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for the Year Ended 31 December 2021 |
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for |
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CBS Concrete Products Limited |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 December 2021 |
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for |
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CBS Concrete Products Limited |
CBS Concrete Products Limited (Registered number: 09421873) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CBS Concrete Products Limited |
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Company Information |
for the Year Ended 31 December 2021 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
and Statutory Auditors |
Roland House |
Princes Dock Street |
HULL HU1 2LD |
CBS Concrete Products Limited (Registered number: 09421873) |
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Balance Sheet |
31 December 2021 |
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2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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CBS Concrete Products Limited (Registered number: 09421873) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
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1. | STATUTORY INFORMATION |
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CBS Concrete Products Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Turnover comprises revenue from the sale of goods and commission charged to the parent company on the sale of goods to UK customers. |
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Revenue from sale of goods is recognised when the goods are delivered and the legal title has passed. |
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Revenue from commission is invoiced and recognised in the same quarter the sale was made in the parent company, and is based on the sales value of goods sold plus an agreed mark up. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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CBS Concrete Products Limited (Registered number: 09421873) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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4. | AUDITORS' REMUNERATION |
2021 | 2020 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's
financial statements |
1,875 |
1,450 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2021 |
and 31 December 2021 |
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DEPRECIATION |
At 1 January 2021 |
and 31 December 2021 |
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NET BOOK VALUE |
At 31 December 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2021 |
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Profit for the year |
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At 31 December 2021 |
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CBS Concrete Products Limited (Registered number: 09421873) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | RELATED PARTY DISCLOSURES |
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During the year ended 31 December 2021 the company paid management recharges totalling £3,444 (2020 £3,338) to Wiebema Comm. VA, the ultimate parent company of CBS Concrete Products Limited. |
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At the balance sheet date £593 was owed to Wiebema Comm. VA from CBS Concrete Products Limited. (2020 £1,347 was owed by Wiebema Comm.VA). |
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During the year ended 31 December 2021 the company made purchases of goods and services totalling £7,346 (2020 £67,831) from CBS Beton NV, a sister company of CBS Concrete Products Limited and made sales to CBS Beton NV totalling £59,516 (2020 £nil). |
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At the balance sheet date £135,005 (2020 £135,005) was owed by CBS Beton NV to CBS Concrete Products Limited and £7,441 (2020 £1,743) was owed to CBS Beton NV by CBS Concrete Products Limited. |
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During the year the company received interest on an intercompany loan balance totalling £2,111 (2020 £2,122) from CBS Beton NV. |
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During the year ended 31 December 2021 the company received services totalling £Nil (2020 £1,236) from CBS Montage NV, a sister company of CBS Concrete Products Limited. |
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11. | ULTIMATE CONTROLLING PARTY |
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Wiebema Comm VA, a company whose registered office is in Belgium. |