IRIS Accounts Production v24.2.0.383 03084879 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030848792022-11-30030848792023-11-30030848792022-12-012023-11-30030848792021-11-30030848792021-12-012022-11-30030848792022-11-3003084879ns14:PoundSterling2022-12-012023-11-3003084879ns10:Director12022-12-012023-11-3003084879ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003084879ns10:SmallEntities2022-12-012023-11-3003084879ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3003084879ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003084879ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3003084879ns10:FullAccounts2022-12-012023-11-300308487912022-12-012023-11-3003084879ns10:Director22022-12-012023-11-3003084879ns10:Director32022-12-012023-11-3003084879ns10:Director42022-12-012023-11-3003084879ns10:CompanySecretary12022-12-012023-11-3003084879ns10:RegisteredOffice2022-12-012023-11-3003084879ns5:CurrentFinancialInstruments2023-11-3003084879ns5:CurrentFinancialInstruments2022-11-3003084879ns5:Non-currentFinancialInstruments2023-11-3003084879ns5:Non-currentFinancialInstruments2022-11-3003084879ns5:ShareCapital2023-11-3003084879ns5:ShareCapital2022-11-3003084879ns5:RetainedEarningsAccumulatedLosses2023-11-3003084879ns5:RetainedEarningsAccumulatedLosses2022-11-3003084879ns5:NetGoodwill2022-12-012023-11-3003084879ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3003084879ns5:NetGoodwill2022-11-3003084879ns5:NetGoodwill2023-11-3003084879ns5:NetGoodwill2022-11-3003084879ns5:LandBuildings2022-11-3003084879ns5:PlantMachinery2022-11-3003084879ns5:FurnitureFittings2022-11-3003084879ns5:MotorVehicles2022-11-3003084879ns5:LandBuildings2022-12-012023-11-3003084879ns5:PlantMachinery2022-12-012023-11-3003084879ns5:FurnitureFittings2022-12-012023-11-3003084879ns5:MotorVehicles2022-12-012023-11-3003084879ns5:LandBuildings2023-11-3003084879ns5:PlantMachinery2023-11-3003084879ns5:FurnitureFittings2023-11-3003084879ns5:MotorVehicles2023-11-3003084879ns5:LandBuildings2022-11-3003084879ns5:PlantMachinery2022-11-3003084879ns5:FurnitureFittings2022-11-3003084879ns5:MotorVehicles2022-11-3003084879ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3003084879ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 03084879













C.P.S. (WALES) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.P.S. (WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: S D Green
K Green
R A Green
L P Williams





SECRETARY: K Green





REGISTERED OFFICE: 34 Sir Alfred Owen Way
Pontygwindy Industrial Estate
Caerphilly
CF83 3HW





REGISTERED NUMBER: 03084879





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,014,425 903,814
Investment property 6 622,088 238,277
1,636,513 1,142,091

CURRENT ASSETS
Stocks 134,000 123,000
Debtors 7 1,823,371 1,972,094
Cash at bank and in hand 2,840,939 2,443,282
4,798,310 4,538,376
CREDITORS
Amounts falling due within one year 8 738,801 626,717
NET CURRENT ASSETS 4,059,509 3,911,659
TOTAL ASSETS LESS CURRENT LIABILITIES 5,696,022 5,053,750

CREDITORS
Amounts falling due after more than one
year

9

(24,055

)

(34,099

)

PROVISIONS FOR LIABILITIES (119,371 ) (86,044 )
NET ASSETS 5,552,596 4,933,607

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 5,551,596 4,932,607
SHAREHOLDERS' FUNDS 5,552,596 4,933,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

STATEMENT OF FINANCIAL POSITION - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

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





S D Green - Director


C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

C.P.S. (Wales) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery15% straight line
Fixtures & Fittings15% straight line
Motor Vehicles20% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 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 statement of financial position 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 30 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 30,000
AMORTISATION
At 1st December 2022
and 30th November 2023 30,000
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st December 2022 258,985 1,243,712 76,671 426,214 2,005,582
Additions - 302,788 - 19,151 321,939
Disposals - (2,609 ) - (25,000 ) (27,609 )
At 30th November 2023 258,985 1,543,891 76,671 420,365 2,299,912
DEPRECIATION
At 1st December 2022 - 774,149 76,053 251,566 1,101,768
Charge for year - 161,058 424 49,844 211,326
Eliminated on disposal - (2,608 ) - (24,999 ) (27,607 )
At 30th November 2023 - 932,599 76,477 276,411 1,285,487
NET BOOK VALUE
At 30th November 2023 258,985 611,292 194 143,954 1,014,425
At 30th November 2022 258,985 469,563 618 174,648 903,814

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022 238,277
Additions 383,811
At 30th November 2023 622,088
NET BOOK VALUE
At 30th November 2023 622,088
At 30th November 2022 238,277

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 684,226 684,926
Amounts owed by group undertakings 581,934 379,934
Other debtors 557,211 907,234
1,823,371 1,972,094

C.P.S. (WALES) LIMITED (REGISTERED NUMBER: 03084879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,285 10,615
Trade creditors 343,812 234,982
Taxation and social security 371,487 367,502
Other creditors 13,217 13,618
738,801 626,717

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,055 34,099

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The advances made to the directors during the year were repaid in full within 9 months of the year end.

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr. S.D. Green and Mrs. K. Green throughout the current and previous year, by virtue of their shareholdings in the ultimate parent company, CPS (Wales) Group Ltd.

Included within other debtors is a balance due from CPS (Wales) Group Ltd of £581,934 (2022 - £379,934).