Registration number: 09007428

CLPM Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

CLPM Limited

Company Information

Directors

Mr C W D Laing Mrs N A Bryden Mr J A Bryden

Company secretary

Mr J A Bryden

Registered office

Fawley House 2 Marlow Road Bourne End Bucks SL8 5TD

Accountants

Sterling Grove Accountants Limited Chartered Certified Accountants Fawley House 2 Marlow Road Bourne End Bucks SL8 5TD

CLPM Limited

(Registration number: 09007428)
Balance Sheet as at 30 April 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	5	25,727	29,705
Current assets
Debtors	6	187,334	250,805
Cash at bank and in hand		61,762	89,690
		249,096	340,495
Creditors: Amounts falling due within one year	7	(187,093)	(221,532)
Net current assets		62,003	118,963
Total assets less current liabilities		87,730	148,668
Creditors: Amounts falling due after more than one year	7	(101,009)	(144,490)
Provisions for liabilities		(4,900)	-
Net (liabilities)/assets		(18,179)	4,178
Capital and reserves
Called up share capital		100	100
Share premium reserve		34,400	34,400
Retained earnings		(52,679)	(30,322)
Shareholders' (deficit)/funds		(18,179)	4,178

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 October 2023 and signed on its behalf by:
 

......................................... Mr J A Bryden Company secretary and director

CLPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Fawley House
2 Marlow Road
Bourne End
Bucks
SL8 5TD
England

These financial statements were authorised for issue by the Board on 4 October 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly they consider that the company is a going concern and thus the financial statements have been prepared on this basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity;

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

CLPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis
Fixture & Fittings	25% reducing balance
Motor Vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 5 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

CLPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2022 - 20).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2022	30,000	30,000
At 30 April 2023	30,000	30,000
Amortisation
At 1 May 2022	30,000	30,000
At 30 April 2023	30,000	30,000
Carrying amount
At 30 April 2023	-	-

CLPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5	Tangible assets

	Fixture, Fittings and Equipment	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2022	22,862	28,494	51,356
Additions	5,914	-	5,914
Disposals	(8,262)	-	(8,262)
At 30 April 2023	20,514	28,494	49,008
Depreciation
At 1 May 2022	16,902	4,749	21,651
Charge for the year	2,744	5,936	8,680
Eliminated on disposal	(7,050)	-	(7,050)
At 30 April 2023	12,596	10,685	23,281
Carrying amount
At 30 April 2023	7,918	17,809	25,727
At 30 April 2022	5,960	23,745	29,705

6

Debtors

Current	2023 £	2022 £
Trade debtors	161,682	214,564
Prepayments	24,072	11,800
Other debtors	1,580	24,441
	187,334	250,805

CLPM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Creditors

Creditors: amounts falling due within one year

	Note	2023 £	2022 £
Due within one year
Bank loans and overdrafts		43,481	44,744
Trade creditors		50,459	74,477
Amounts owed to related parties	9	1,040	1,531
Taxation and social security		87,719	88,573
Other creditors		2,069	2,837
Accrued expenses		2,325	9,370
		187,093	221,532
Due after one year
Loans and borrowings		101,009	144,490

Creditors: amounts falling due after more than one year

	Note	2023 £	2022 £
Due after one year
Loans and borrowings		101,009	144,490