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REGISTERED NUMBER: 10253579 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

CPS Railway Engineering Ltd

CPS Railway Engineering Ltd (Registered number: 10253579)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CPS Railway Engineering Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Miss L V Price
Mrs N Price





REGISTERED OFFICE: Suite 4 Second Floor
Honeycomb
7 - 15 Edmund Street
Liverpool
Merseyside
L3 9NG





BUSINESS ADDRESS: 6 The Evergreens
Formby
Liverpool
Merseyside
L37 3RW





REGISTERED NUMBER: 10253579 (England and Wales)





ACCOUNTANTS: RM Burke & Co
Suite 4 Second Floor
Honeycomb
7 - 15 Edmund Street
Liverpool
Merseyside
L3 9NG

CPS Railway Engineering Ltd (Registered number: 10253579)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,470 2,360

CURRENT ASSETS
Debtors 6 31,300 25,000
Cash at bank 100 100
31,400 25,100
CREDITORS
Amounts falling due within one year 7 24,969 16,360
NET CURRENT ASSETS 6,431 8,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,901

11,100

CREDITORS
Amounts falling due after more than one
year

8

22,770

10,866
NET ASSETS 1,131 234

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,130 233
SHAREHOLDERS' FUNDS 1,131 234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

CPS Railway Engineering Ltd (Registered number: 10253579)

Statement of Financial Position - continued
30 June 2023


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 7 October 2023 and were signed on its behalf by:





Miss L V Price - Director


CPS Railway Engineering Ltd (Registered number: 10253579)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

CPS Railway Engineering 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 etc - 20% on cost

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

CPS Railway Engineering Ltd (Registered number: 10253579)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 5,999
Additions 34,000
Disposals (11,250 )
At 30 June 2023 28,749
DEPRECIATION
At 1 July 2022 3,639
Charge for year 7,640
At 30 June 2023 11,279
NET BOOK VALUE
At 30 June 2023 17,470
At 30 June 2022 2,360

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 31,300 25,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,347 6,415
Hire purchase contracts 4,830 -
Taxation and social security 9,718 9,718
Other creditors 74 227
24,969 16,360

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,878 10,866
Hire purchase contracts 14,892 -
22,770 10,866

CPS Railway Engineering Ltd (Registered number: 10253579)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Miss L V Price
Balance outstanding at start of year 227 177
Amounts advanced 90,695 127,984
Amounts repaid (90,848 ) (127,934 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74 227