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REGISTERED NUMBER: 09156664 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

C P HOOD MECHANICAL LIMITED

C P HOOD MECHANICAL LIMITED (REGISTERED NUMBER: 09156664)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C P HOOD MECHANICAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: C P Hood
A Wilson





REGISTERED OFFICE: 15 Sinclair Way
Prescot Business Park
Knowsley
Liverpool
L34 1QL





REGISTERED NUMBER: 09156664 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

C P HOOD MECHANICAL LIMITED (REGISTERED NUMBER: 09156664)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,133 46,588

CURRENT ASSETS
Stocks 404,000 100,000
Debtors 5 650,011 1,180,141
Cash at bank 256,676 261,271
1,310,687 1,541,412
CREDITORS
Amounts falling due within one year 6 703,907 926,098
NET CURRENT ASSETS 606,780 615,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,913

661,902

CREDITORS
Amounts falling due after more than one
year

7

(40,864

)

(74,940

)

PROVISIONS FOR LIABILITIES 9 (18,259 ) (19,485 )
NET ASSETS 587,790 567,477

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 587,590 567,277
SHAREHOLDERS' FUNDS 587,790 567,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 HOOD MECHANICAL LIMITED (REGISTERED NUMBER: 09156664)

BALANCE SHEET - continued
31 August 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 29 January 2024 and were signed on its behalf by:





C P Hood - Director


C P HOOD MECHANICAL LIMITED (REGISTERED NUMBER: 09156664)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

C P Hood Mechanical Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

C P HOOD MECHANICAL LIMITED (REGISTERED NUMBER: 09156664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 720 65,961 14,248 80,929
Additions - - 5,022 5,022
At 31 August 2023 720 65,961 19,270 85,951
DEPRECIATION
At 1 September 2022 524 28,612 5,205 34,341
Charge for year 29 9,338 2,110 11,477
At 31 August 2023 553 37,950 7,315 45,818
NET BOOK VALUE
At 31 August 2023 167 28,011 11,955 40,133
At 31 August 2022 196 37,349 9,043 46,588

C P HOOD MECHANICAL LIMITED (REGISTERED NUMBER: 09156664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022
and 31 August 2023 56,300
DEPRECIATION
At 1 September 2022 20,672
Charge for year 8,908
At 31 August 2023 29,580
NET BOOK VALUE
At 31 August 2023 26,720
At 31 August 2022 35,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 396,054 954,236
Other debtors 199,601 199,601
VAT 54,356 26,304
650,011 1,180,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 14,075 14,075
Trade creditors 490,659 709,322
Tax 131,090 133,473
Social security and other taxes 16,423 20,841
Other creditors 6,938 9,500
Amounts owed to related parties 23,021 17,186
Directors' current accounts 101 101
Accrued expenses 1,600 1,600
703,907 926,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 15,000 35,000
Hire purchase contracts 5,864 19,940
40,864 74,940

C P HOOD MECHANICAL LIMITED (REGISTERED NUMBER: 09156664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 55,000 75,000

The National Westminster Bank plc holds a fixed and floating charge over the assets of the company.

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 18,259 19,485

Deferred
tax
£   
Balance at 1 September 2022 19,485
Provided during year (1,226 )
Balance at 31 August 2023 18,259

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
200 Ordinary £1 200 200

11. RESERVES
Retained
earnings
£   

At 1 September 2022 567,277
Profit for the year 336,393
Dividends (316,080 )
At 31 August 2023 587,590