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REGISTERED NUMBER: 03084879













C.P.S. (WALES) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2021






C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.P.S. (WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2021







DIRECTORS: S D Green
K Green
R A Green
L P Williams





SECRETARY: K Green





REGISTERED OFFICE: 34 Sir Alfred Owen Way
Pontygwindy Industrial Estate
Caerphilly
CF83 3HW





REGISTERED NUMBER: 03084879





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,102,705 536,628
1,102,705 536,628

CURRENT ASSETS
Stocks 119,000 112,000
Debtors 6 1,739,695 1,475,834
Cash at bank and in hand 2,610,099 2,356,283
4,468,794 3,944,117
CREDITORS
Amounts falling due within one year 7 787,470 652,343
NET CURRENT ASSETS 3,681,324 3,291,774
TOTAL ASSETS LESS CURRENT LIABILITIES 4,784,029 3,828,402

PROVISIONS FOR LIABILITIES 94,379 33,405
NET ASSETS 4,689,650 3,794,997

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 4,688,650 3,793,997
SHAREHOLDERS' FUNDS 4,689,650 3,794,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2021 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.

C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

STATEMENT OF FINANCIAL POSITION - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2022 and were signed on its behalf by:





S D Green - Director


C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2021


1. STATUTORY INFORMATION

C.P.S. (Wales) Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
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:

Plant & Machinery15% straight line
Fixtures & Fittings15% straight line
Motor Vehicles20% straight line

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 Statement of Income and Retained Earnings, 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.


C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2021


2. ACCOUNTING POLICIES - continued
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
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 30 (2020 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2020
and 30th November 2021 30,000
AMORTISATION
At 1st December 2020
and 30th November 2021 30,000
NET BOOK VALUE
At 30th November 2021 -
At 30th November 2020 -

C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2021


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st December 2020 258,985 741,728 76,671 377,474 1,454,858
Additions 238,277 496,769 - 47,072 782,118
Disposals - (7,500 ) - (37,500 ) (45,000 )
At 30th November 2021 497,262 1,230,997 76,671 387,046 2,191,976
DEPRECIATION
At 1st December 2020 - 515,164 68,957 334,109 918,230
Charge for year - 156,177 4,381 20,233 180,791
Eliminated on disposal - (2,250 ) - (7,500 ) (9,750 )
At 30th November 2021 - 669,091 73,338 346,842 1,089,271
NET BOOK VALUE
At 30th November 2021 497,262 561,906 3,333 40,204 1,102,705
At 30th November 2020 258,985 226,564 7,714 43,365 536,628

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 687,693 576,210
Amounts owed by group undertakings 381,956 381,956
Other debtors 670,046 517,668
1,739,695 1,475,834

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 50,000 -
Trade creditors 342,079 227,275
Amounts owed to group undertakings - 1,509
Taxation and social security 371,341 394,372
Other creditors 24,050 29,187
787,470 652,343

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The advances made to the directors during the year were repaid in full within 9 months of the year end.

C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2021


9. RELATED PARTY DISCLOSURES

The company was under the control of Mr. S.D. Green and Mrs. K. Green throughout the current and previous year, by virtue of their shareholdings in the ultimate parent company, CPS (Wales) Group Ltd.

Included within other debtors is a balance due from CPS (Wales) Group Ltd of £381,956 (2020 - £381,956).