2023-04-012024-03-312024-03-31false09665830CORNWALL HIGH PERFORMANCE LIMITED2024-07-3093199iso4217:GBPxbrli:pure096658302023-04-01096658302024-03-31096658302023-04-012024-03-31096658302022-04-01096658302023-03-31096658302022-04-012023-03-3109665830bus:SmallEntities2023-04-012024-03-3109665830bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3109665830bus:FullAccounts2023-04-012024-03-3109665830bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109665830core:WithinOneYear2024-03-3109665830core:AfterOneYear2024-03-3109665830core:WithinOneYear2023-03-3109665830core:AfterOneYear2023-03-3109665830core:ShareCapital2024-03-3109665830core:SharePremium2024-03-3109665830core:RevaluationReserve2024-03-3109665830core:OtherReservesSubtotal2024-03-3109665830core:RetainedEarningsAccumulatedLosses2024-03-3109665830core:ShareCapital2023-03-3109665830core:SharePremium2023-03-3109665830core:RevaluationReserve2023-03-3109665830core:OtherReservesSubtotal2023-03-3109665830core:RetainedEarningsAccumulatedLosses2023-03-3109665830core:LandBuildings2024-03-3109665830core:PlantMachinery2024-03-3109665830core:Vehicles2024-03-3109665830core:FurnitureFittings2024-03-3109665830core:OfficeEquipment2024-03-3109665830core:NetGoodwill2024-03-3109665830core:IntangibleAssetsOtherThanGoodwill2024-03-3109665830core:ListedExchangeTraded2024-03-3109665830core:UnlistedNon-exchangeTraded2024-03-3109665830core:LandBuildings2023-03-3109665830core:PlantMachinery2023-03-3109665830core:Vehicles2023-03-3109665830core:FurnitureFittings2023-03-3109665830core:OfficeEquipment2023-03-3109665830core:NetGoodwill2023-03-3109665830core:IntangibleAssetsOtherThanGoodwill2023-03-3109665830core:ListedExchangeTraded2023-03-3109665830core:UnlistedNon-exchangeTraded2023-03-3109665830core:LandBuildings2023-04-012024-03-3109665830core:PlantMachinery2023-04-012024-03-3109665830core:Vehicles2023-04-012024-03-3109665830core:FurnitureFittings2023-04-012024-03-3109665830core:OfficeEquipment2023-04-012024-03-3109665830core:NetGoodwill2023-04-012024-03-3109665830core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109665830core:ListedExchangeTraded2023-04-012024-03-3109665830core:UnlistedNon-exchangeTraded2023-04-012024-03-3109665830core:MoreThanFiveYears2023-04-012024-03-3109665830core:Non-currentFinancialInstruments2024-03-3109665830core:Non-currentFinancialInstruments2023-03-3109665830dpl:CostSales2023-04-012024-03-3109665830dpl:DistributionCosts2023-04-012024-03-3109665830core:LandBuildings2023-04-012024-03-3109665830core:PlantMachinery2023-04-012024-03-3109665830core:Vehicles2023-04-012024-03-3109665830core:FurnitureFittings2023-04-012024-03-3109665830core:OfficeEquipment2023-04-012024-03-3109665830dpl:AdministrativeExpenses2023-04-012024-03-3109665830core:NetGoodwill2023-04-012024-03-3109665830core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109665830dpl:GroupUndertakings2023-04-012024-03-3109665830dpl:ParticipatingInterests2023-04-012024-03-3109665830dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3109665830core:ListedExchangeTraded2023-04-012024-03-3109665830dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3109665830core:UnlistedNon-exchangeTraded2023-04-012024-03-3109665830dpl:CostSales2022-04-012023-03-3109665830dpl:DistributionCosts2022-04-012023-03-3109665830core:LandBuildings2022-04-012023-03-3109665830core:PlantMachinery2022-04-012023-03-3109665830core:Vehicles2022-04-012023-03-3109665830core:FurnitureFittings2022-04-012023-03-3109665830core:OfficeEquipment2022-04-012023-03-3109665830dpl:AdministrativeExpenses2022-04-012023-03-3109665830core:NetGoodwill2022-04-012023-03-3109665830core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109665830dpl:GroupUndertakings2022-04-012023-03-3109665830dpl:ParticipatingInterests2022-04-012023-03-3109665830dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109665830core:ListedExchangeTraded2022-04-012023-03-3109665830dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109665830core:UnlistedNon-exchangeTraded2022-04-012023-03-3109665830core:NetGoodwill2024-03-3109665830core:IntangibleAssetsOtherThanGoodwill2024-03-3109665830core:LandBuildings2024-03-3109665830core:PlantMachinery2024-03-3109665830core:Vehicles2024-03-3109665830core:FurnitureFittings2024-03-3109665830core:OfficeEquipment2024-03-3109665830core:AfterOneYear2024-03-3109665830core:WithinOneYear2024-03-3109665830core:ListedExchangeTraded2024-03-3109665830core:UnlistedNon-exchangeTraded2024-03-3109665830core:ShareCapital2024-03-3109665830core:SharePremium2024-03-3109665830core:RevaluationReserve2024-03-3109665830core:OtherReservesSubtotal2024-03-3109665830core:RetainedEarningsAccumulatedLosses2024-03-3109665830core:NetGoodwill2023-03-3109665830core:IntangibleAssetsOtherThanGoodwill2023-03-3109665830core:LandBuildings2023-03-3109665830core:PlantMachinery2023-03-3109665830core:Vehicles2023-03-3109665830core:FurnitureFittings2023-03-3109665830core:OfficeEquipment2023-03-3109665830core:AfterOneYear2023-03-3109665830core:WithinOneYear2023-03-3109665830core:Liste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CORNWALL HIGH PERFORMANCE LIMITED

Registered Number
09665830
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

CORNWALL HIGH PERFORMANCE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

GUY, Samuel
SMALDON, Robert

Registered Address

11a Kimberley Park Road
Falmouth
TR11 2DA

Registered Number

09665830 (England and Wales)
CORNWALL HIGH PERFORMANCE LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets33,1436,286
Tangible assets419,12018,473
22,26324,759
Current assets
Debtors524,20217,812
Cash at bank and on hand12,7345,359
36,93623,171
Creditors amounts falling due within one year6(44,465)(55,117)
Net current assets (liabilities)(7,529)(31,946)
Total assets less current liabilities14,734(7,187)
Creditors amounts falling due after one year7(10,961)(12,970)
Provisions for liabilities8(3,633)(3,507)
Net assets140(23,664)
Capital and reserves
Called up share capital22
Profit and loss account138(23,666)
Shareholders' funds140(23,664)
The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2024, and are signed on its behalf by:
GUY, Samuel
Director
Registered Company No. 09665830
CORNWALL HIGH PERFORMANCE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Office Equipment15
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2322,00022,000
At 31 March 2422,00022,000
Amortisation and impairment
At 01 April 2315,71415,714
Charge for year3,1433,143
At 31 March 2418,85718,857
Net book value
At 31 March 243,1433,143
At 31 March 236,2866,286
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2317,959-5,00012,04935,008
Additions334--3,6874,021
At 31 March 2418,293-5,00015,73639,029
Depreciation and impairment
At 01 April 238,885-3,4284,22216,535
Charge for year1,4112361,727-3,374
At 31 March 2410,2962365,1554,22219,909
Net book value
At 31 March 247,997(236)(155)11,51419,120
At 31 March 239,074-1,5727,82718,473
5.Debtors: amounts due within one year

2024

2023

££
Other debtors24,20217,812
Total24,20217,812
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables940
Bank borrowings and overdrafts8,0222,136
Taxation and social security29320
Other creditors35,48052,262
Accrued liabilities and deferred income661659
Total44,46555,117
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,96112,970
Total10,96112,970
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,6333,507
Total3,6333,507