Registered Number:NI055821 |
For the year ended 31 July 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 31 July 2023
CPS Commercials Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
CPS Commercials Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
76,132
79,522
2
76,132
79,522
Trade and other receivables |
519,313
383,687
3
172,798
Cash and cash equivalents |
273,735
657,422
692,111
Trade and other payables: amounts falling due within one |
year |
(728,877)
(646,178)
4
(36,766)
11,244
Net current assets
Total assets less current liabilities |
87,376
42,756
Trade and other payables: amounts falling due after more |
than one year |
(28,938)
(19,192)
5
68,184
Net assets
13,818
2
2
68,182
13,816
68,184
13,818
Shareholders' funds
For the year ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Arthur O'Hagan Director |
These financial statements were approved and authorised for issue by the Board on 16 April 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 July 2023
CPS Commercials Limited
Notes to the Financial Statements
Statutory Information
CPS Commercials Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI055821. |
1 Seven Houses
43 Upper English Street
Armagh
BT61 7LA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 31 July 2023
CPS Commercials Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
180,830
41,577
97,000
5,500
36,753
985
-
985
-
-
5,500
97,985
41,577
181,815
36,753
Provision for depreciation and impairment |
101,308
31,520
65,673
4,115
-
Charge for year
4,375
1,006
3,231
138
-
105,683
32,526
68,904
4,253
-
36,753
1,247
29,081
9,051
76,132
36,753
1,385
31,327
10,057
79,522
3. Trade and other receivables |
2022
2023
12,576
23,700
371,111
495,613
519,313
383,687
4. Trade and other payables: amounts falling due within one year |
2022
2023
10,648
10,648
Taxation and social security |
50,449
23,571
585,081
694,658
646,178
728,877
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
19,192
28,938
3 of 4
For the year ended 31 July 2023
CPS Commercials Limited
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 16 (2022 : 18)
4 of 4