Silverfin false 31/05/2023 01/06/2022 31/05/2023 Brett Douglas Cooper Martyn Christopher Cornwall 26 January 2024 no description of principal activity 09583463 2023-05-31 09583463 2022-05-31 09583463 core:CurrentFinancialInstruments 2023-05-31 09583463 core:CurrentFinancialInstruments 2022-05-31 09583463 core:Non-currentFinancialInstruments 2023-05-31 09583463 core:Non-currentFinancialInstruments 2022-05-31 09583463 core:ShareCapital 2023-05-31 09583463 core:ShareCapital 2022-05-31 09583463 core:RetainedEarningsAccumulatedLosses 2023-05-31 09583463 core:RetainedEarningsAccumulatedLosses 2022-05-31 09583463 core:Vehicles 2022-05-31 09583463 core:OfficeEquipment 2022-05-31 09583463 core:Vehicles 2023-05-31 09583463 core:OfficeEquipment 2023-05-31 09583463 2022-06-01 2023-05-31 09583463 bus:FullAccounts 2022-06-01 2023-05-31 09583463 bus:SmallEntities 2022-06-01 2023-05-31 09583463 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09583463 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09583463 bus:Director1 2022-06-01 2023-05-31 09583463 bus:Director2 2022-06-01 2023-05-31 09583463 core:Vehicles 2022-06-01 2023-05-31 09583463 core:OfficeEquipment 2022-06-01 2023-05-31 09583463 2021-06-01 2022-05-31 09583463 core:CurrentFinancialInstruments 2022-06-01 2023-05-31 09583463 core:Non-currentFinancialInstruments 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 09583463 (England and Wales)

CCPH LTD

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

CCPH LTD

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

CCPH LTD

STATEMENT OF FINANCIAL POSITION

As at 31 May 2023
CCPH LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 20,069 36,703
20,069 36,703
Current assets
Stocks 4 6,750 6,500
Debtors 5 61,056 47,567
Cash at bank and in hand 6 13,690 15,341
81,496 69,408
Creditors: amounts falling due within one year 7 ( 55,496) ( 44,273)
Net current assets 26,000 25,135
Total assets less current liabilities 46,069 61,838
Creditors: amounts falling due after more than one year 8 ( 13,736) ( 19,762)
Provision for liabilities ( 5,017) ( 9,176)
Net assets 27,316 32,900
Capital and reserves
Called-up share capital 120 120
Profit and loss account 27,196 32,780
Total shareholders' funds 27,316 32,900

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of CCPH Ltd (registered number: 09583463) were approved and authorised for issue by the Director. They were signed on its behalf by:

Martyn Christopher Cornwall
Director
Brett Douglas Cooper
Director

26 January 2024

CCPH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
CCPH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CCPH Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Summerhill House, 1 Sculthorpe Road, Fakenham, NR21 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 June 2022 68,940 3,431 72,371
Disposals ( 16,750) 0 ( 16,750)
At 31 May 2023 52,190 3,431 55,621
Accumulated depreciation
At 01 June 2022 33,975 1,693 35,668
Charge for the financial year 7,291 434 7,725
Disposals ( 7,841) 0 ( 7,841)
At 31 May 2023 33,425 2,127 35,552
Net book value
At 31 May 2023 18,765 1,304 20,069
At 31 May 2022 34,965 1,738 36,703

4. Stocks

2023 2022
£ £
Stocks 6,750 6,500

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2023 2022
£ £
Trade debtors 9,752 14,412
Other debtors 51,304 33,155
61,056 47,567

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 13,690 15,341

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 4,000 3,999
Trade creditors 26,103 18,409
Taxation and social security 13,975 11,452
Obligations under finance leases and hire purchase contracts 2,027 2,027
Other creditors 9,391 8,386
55,496 44,273

Hire purchase contracts are secured on the assets which they were used to purchase.

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 8,333 12,332
Obligations under finance leases and hire purchase contracts 5,403 7,430
13,736 19,762

Hire purchase contracts are secured on the assets which they were used to purchase.