2022-08-01 NI055821 2023-07-31 NI055821 2022-08-01 2023-07-31 NI055821 2022-07-31 NI055821 2021-08-01 2022-07-31 NI055821 uk-core:WithinOneYear 2022-07-31 NI055821 uk-core:WithinOneYear 2023-07-31 NI055821 uk-core:AfterOneYear 2022-07-31 NI055821 uk-core:AfterOneYear 2023-07-31 NI055821 uk-core:ShareCapital 2023-07-31 NI055821 uk-core:ShareCapital 2022-07-31 NI055821 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI055821 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 NI055821 uk-bus:Director1 2022-08-01 2023-07-31 NI055821 uk-core:ComputerEquipment 2022-08-01 2023-07-31 NI055821 uk-core:MotorVehicles 2022-08-01 2023-07-31 NI055821 uk-core:FurnitureFittings 2022-08-01 2023-07-31 NI055821 uk-core:ComputerEquipment 2022-07-31 NI055821 uk-core:FurnitureFittings 2022-07-31 NI055821 uk-core:MotorVehicles 2022-07-31 NI055821 uk-core:Buildings 2022-07-31 NI055821 uk-core:Buildings 2022-08-01 2023-07-31 NI055821 uk-core:MotorVehicles 2023-07-31 NI055821 uk-core:FurnitureFittings 2023-07-31 NI055821 uk-core:ComputerEquipment 2023-07-31 NI055821 uk-core:Buildings 2023-07-31 NI055821 uk-core:WithinOneYear 2023-07-31 NI055821 uk-core:WithinOneYear 2022-07-31 NI055821 uk-core:AfterOneYear uk-core:Secured 2023-07-31 NI055821 uk-core:AfterOneYear uk-core:Secured 2022-07-31 iso4217:GBP xbrli:pure NI055821 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 NI055821 uk-bus:FRS102 2022-08-01 2023-07-31 NI055821 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 NI055821 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
CPS Commercials Limited
Registered Number:NI055821
For the year ended 31 July 2023
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI055821
As at 31 July 2023
CPS Commercials Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
76,132
79,522
2
76,132
79,522
Current assets
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
Capital and reserves
Called up share capital
2
2
Retained earnings
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
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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.
Registered address:
1 Seven Houses
43 Upper English Street
Armagh
BT61 7LA
The presentation currency is £ sterling.
1. Accounting policies
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:
10% Reducing balance
Computer Equipment
10% Reducing balance
Motor Vehicles
10% Reducing balance
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
5
For the year ended 31 July 2023
CPS Commercials Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 August 2022
180,830
41,577
97,000
5,500
36,753
985
-
985
-
-
Additions
At 31 July 2023
5,500
97,985
41,577
181,815
36,753
Provision for depreciation and impairment
At 01 August 2022
101,308
31,520
65,673
4,115
-
Charge for year
4,375
1,006
3,231
138
-
At 31 July 2023
105,683
32,526
68,904
4,253
-
At 31 July 2023
Net book value
36,753
1,247
29,081
9,051
76,132
At 31 July 2022
36,753
1,385
31,327
10,057
79,522
3. Trade and other receivables
2022
2023
£
£
Trade debtors
12,576
23,700
Other debtors
371,111
495,613
519,313
383,687
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,648
10,648
Taxation and social security
50,449
23,571
Other creditors
585,081
694,658
646,178
728,877
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
19,192
28,938
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6
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)
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