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REGISTERED NUMBER: 04360368 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CPW COMPUTING LIMITED

CPW COMPUTING LIMITED (REGISTERED NUMBER: 04360368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CPW COMPUTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr E J Sheppard





REGISTERED OFFICE: Suite 14
Norfolk House
Williamsport Way
Needham Market
Suffolk
IP6 8RW





REGISTERED NUMBER: 04360368 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

CPW COMPUTING LIMITED (REGISTERED NUMBER: 04360368)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,406 2,522

CURRENT ASSETS
Stocks 5 5,802 7,701
Debtors 6 92,443 135,807
Cash at bank and in hand 3,537 86
101,782 143,594
CREDITORS
Amounts falling due within one year 7 94,510 125,509
NET CURRENT ASSETS 7,272 18,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,678

20,607

CREDITORS
Amounts falling due after more than one
year

8

20,481

27,426
NET LIABILITIES (11,803 ) (6,819 )

CAPITAL AND RESERVES
Called up share capital 250 250
Capital redemption reserve 750 750
Retained earnings (12,803 ) (7,819 )
SHAREHOLDERS' FUNDS (11,803 ) (6,819 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CPW COMPUTING LIMITED (REGISTERED NUMBER: 04360368)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 29 July 2024 and were signed by:





Mr E J Sheppard - Director


CPW COMPUTING LIMITED (REGISTERED NUMBER: 04360368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

CPW Computing 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.
Equipment - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 6 (2022 - 7 ) .

CPW COMPUTING LIMITED (REGISTERED NUMBER: 04360368)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 4,660 2,750 14,623 22,033
Additions - - 173 173
Disposals (1,620 ) - (5,137 ) (6,757 )
At 31 October 2023 3,040 2,750 9,659 15,449
DEPRECIATION
At 1 November 2022 3,657 2,486 13,368 19,511
Charge for year 246 66 977 1,289
Eliminated on disposal (1,620 ) - (5,137 ) (6,757 )
At 31 October 2023 2,283 2,552 9,208 14,043
NET BOOK VALUE
At 31 October 2023 757 198 451 1,406
At 31 October 2022 1,003 264 1,255 2,522

5. STOCKS
2023 2022
£    £   
Stocks 5,802 7,701

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,021 58,873
Amounts owed by group undertakings 74,149 73,591
Other debtors 779 779
Prepayments and accrued income 2,494 2,564
92,443 135,807

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,457 13,306
Trade creditors 37,232 75,167
Social security and other taxes 1,019 1,844
VAT 7,443 6,259
Other creditors 1,085 1,085
Director's current account 10,295 10,295
Accrued expenses 1,465 1,465
Deferred income 14,514 16,088
94,510 125,509

CPW COMPUTING LIMITED (REGISTERED NUMBER: 04360368)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 13,449 10,068
Bank loans - 2-5 years 7,032 17,358
20,481 27,426

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bounce Back Loan 27,435 37,241

The Bounce Back Loan is secured by the UK government.