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REGISTERED NUMBER: 09413952 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

C&P INSURANCE SERVICES LTD

C&P INSURANCE SERVICES LTD (REGISTERED NUMBER: 09413952)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C&P INSURANCE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: M W L Chambers
N M Parr





REGISTERED OFFICE: 3 Sun Lane
Newmarket
Suffolk
CB8 8EW





REGISTERED NUMBER: 09413952 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

C&P INSURANCE SERVICES LTD (REGISTERED NUMBER: 09413952)

BALANCE SHEET
31ST JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,750 1,960
1,750 1,960

CURRENT ASSETS
Debtors 6 88,551 137,801
Cash at bank 81,740 109,594
170,291 247,395
CREDITORS
Amounts falling due within one year 7 186,145 283,500
NET CURRENT LIABILITIES (15,854 ) (36,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,104

)

(34,145

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,204 ) (34,245 )
(14,104 ) (34,145 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

C&P INSURANCE SERVICES LTD (REGISTERED NUMBER: 09413952)

BALANCE SHEET - continued
31ST JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th January 2024 and were signed on its behalf by:





M W L Chambers - Director


C&P INSURANCE SERVICES LTD (REGISTERED NUMBER: 09413952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

C&P Insurance Services 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.

Although the company was insolvent at the Balance Sheet date the accounts have been prepared on the going concern basis. The company is dependent upon the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 33% on cost
Fixtures and fittings - 25% on cost

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.


C&P INSURANCE SERVICES LTD (REGISTERED NUMBER: 09413952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st February 2022
and 31st January 2023 255
AMORTISATION
At 1st February 2022
and 31st January 2023 255
NET BOOK VALUE
At 31st January 2023 -
At 31st January 2022 -

C&P INSURANCE SERVICES LTD (REGISTERED NUMBER: 09413952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st February 2022 4,653 4,938 - 9,591
Additions - - 456 456
At 31st January 2023 4,653 4,938 456 10,047
DEPRECIATION
At 1st February 2022 3,613 4,018 - 7,631
Charge for year 340 230 96 666
At 31st January 2023 3,953 4,248 96 8,297
NET BOOK VALUE
At 31st January 2023 700 690 360 1,750
At 31st January 2022 1,040 920 - 1,960

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 71,311 95,390
Other debtors 17,240 42,411
88,551 137,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 34,840 44,487
Trade creditors 114,526 174,695
Taxation and social security 2,425 2,316
Other creditors 34,354 62,002
186,145 283,500

C&P INSURANCE SERVICES LTD (REGISTERED NUMBER: 09413952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2023 and 31st January 2022:

31/1/23 31/1/22
£    £   
M W L Chambers
Balance outstanding at start of year 20,225 14,118
Amounts advanced 3,743 6,407
Amounts repaid (17,500 ) (300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,468 20,225

N M Parr
Balance outstanding at start of year 21,076 15,239
Amounts advanced 2,450 6,737
Amounts repaid (17,500 ) (900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,026 21,076