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REGISTERED NUMBER: 10201069 (England and Wales)










Financial Statements

for the Year Ended

31 May 2023

for

Continuous Process Solutions No 2 Ltd

Continuous Process Solutions No 2 Ltd (Registered number: 10201069)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Continuous Process Solutions No 2 Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: J Hunt





REGISTERED OFFICE: Hales Court
Stourbridge Road
Haleswoen
B63 3TT





REGISTERED NUMBER: 10201069 (England and Wales)





ACCOUNTANTS: Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Continuous Process Solutions No 2 Ltd (Registered number: 10201069)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,375 11,862

CURRENT ASSETS
Debtors 5 19,196 28,576
Cash at bank 9,472 6,407
28,668 34,983
CREDITORS
Amounts falling due within one year 6 23,840 23,372
NET CURRENT ASSETS 4,828 11,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,203

23,473

CREDITORS
Amounts falling due after more than one
year

7

(24,868

)

(16,869

)

PROVISIONS FOR LIABILITIES 8 (7,101 ) (3,000 )
NET ASSETS 10,234 3,604

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 10,233 3,603
SHAREHOLDERS' FUNDS 10,234 3,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 8 September 2023 and were signed by:




J Hunt - Director


Continuous Process Solutions No 2 Ltd (Registered number: 10201069)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Continuous Process Solutions No 2 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Improvement15% straight line

Plant & Machinery25% reducing balance

Office Equipment33.33 % straight line

Motor Vehicle25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Continuous Process Solutions No 2 Ltd (Registered number: 10201069)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022 1,528 3,610 1,648
Additions - 375 -
At 31 May 2023 1,528 3,985 1,648
DEPRECIATION
At 1 June 2022 1,374 2,177 654
Charge for year 154 451 248
At 31 May 2023 1,528 2,628 902
NET BOOK VALUE
At 31 May 2023 - 1,357 746
At 31 May 2022 154 1,433 994

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 15,991 4,537 27,314
Additions 36,192 1,998 38,565
At 31 May 2023 52,183 6,535 65,879
DEPRECIATION
At 1 June 2022 6,997 4,250 15,452
Charge for year 11,297 902 13,052
At 31 May 2023 18,294 5,152 28,504
NET BOOK VALUE
At 31 May 2023 33,889 1,383 37,375
At 31 May 2022 8,994 287 11,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,196 28,576

Continuous Process Solutions No 2 Ltd (Registered number: 10201069)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Hire purchase contracts 8,819 3,557
Trade creditors 2,363 2,183
Corporation Tax 1,844 9,149
Social security and other taxes 154 212
VAT 4,725 2,351
Other creditors 1,375 1,385
Directors' current accounts 978 952
Accruals and deferred income 582 583
23,840 23,372

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,073 10,992
Hire purchase contracts 17,795 5,877
24,868 16,869

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,101 3,000

Deferred
tax
£   
Balance at 1 June 2022 3,000
Deferred tax movement in year 4,101
Balance at 31 May 2023 7,101

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 June 2022 3,603
Profit for the year 28,480
Dividends (21,850 )
At 31 May 2023 10,233

11. DIVIDENDS

The following dividends were declared in the year £21,850 (2022 - £30,000).

Continuous Process Solutions No 2 Ltd (Registered number: 10201069)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

12. TRANSACTIONS WITH DIRECTORS

At the Balance Sheet date, the company owed Mr J Hunt £978 (2022 - £952).