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COMPLETE OFFICE PRODUCTS LTD.

Unaudited Financial Statements for the Year Ended 31 December 2021






COMPLETE OFFICE PRODUCTS LTD. (REGISTERED NUMBER: 07857681)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPLETE OFFICE PRODUCTS LTD.

Company Information
for the Year Ended 31 December 2021







DIRECTOR: P T L Jones





REGISTERED OFFICE: 300-304 Aldridge Road
Streetly
Sutton Coldfield
West Midlands
B74 2DU





REGISTERED NUMBER: 07857681 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

COMPLETE OFFICE PRODUCTS LTD. (REGISTERED NUMBER: 07857681)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 5 53,101 14,226

CURRENT ASSETS
Stocks 12,070 8,686
Debtors 6 97,533 84,486
Cash at bank and in hand 58,824 119,378
168,427 212,550
CREDITORS
Amounts falling due within one year 7 (128,250 ) (195,800 )
NET CURRENT ASSETS 40,177 16,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,278

30,976

CREDITORS
Amounts falling due after more than one
year

8

(25,621

)

-
NET ASSETS 67,657 30,976

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 67,557 30,876
SHAREHOLDERS' FUNDS 67,657 30,976

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.

COMPLETE OFFICE PRODUCTS LTD. (REGISTERED NUMBER: 07857681)

Balance Sheet - continued
31 December 2021


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 27 July 2022 and were signed by:





P T L Jones - Director


COMPLETE OFFICE PRODUCTS LTD. (REGISTERED NUMBER: 07857681)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Complete Office Products Ltd. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants have been recognised under the accruals model. Government grants relating to revenue expenditure are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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

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
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.

COMPLETE OFFICE PRODUCTS LTD. (REGISTERED NUMBER: 07857681)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 7 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2021 6,900 21,118 7,595 35,613
Additions - 3,189 38,734 41,923
At 31 December 2021 6,900 24,307 46,329 77,536
DEPRECIATION
At 1 January 2021 1,248 15,748 4,391 21,387
Charge for year 156 1,284 1,608 3,048
At 31 December 2021 1,404 17,032 5,999 24,435
NET BOOK VALUE
At 31 December 2021 5,496 7,275 40,330 53,101
At 31 December 2020 5,652 5,370 3,204 14,226

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 97,009 84,191
Other debtors 524 295
97,533 84,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 50,000
Hire purchase contracts 6,019 -
Trade creditors 69,064 71,026
Taxation and social security 10,779 19,299
Other creditors 42,388 55,475
128,250 195,800

COMPLETE OFFICE PRODUCTS LTD. (REGISTERED NUMBER: 07857681)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Hire purchase contracts 25,621 -

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary shares £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is P T L Jones.