CPP - LM Limited


FINANCIAL STATEMENTS


for the year ended 30th November 2023



CPP - LM Limited

CONTENTS

for the year ended 30th November 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

CPP - LM Limited

Company No. 01463285

STATEMENT OF FINANCIAL POSITION

as at 30th November 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment417311431655987
17311431655987
CURRENT ASSETS
Stocks51209985506
Debtors6185382280750
Cash at bank and in hand332464336989
529945703245
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7454317541541
NET CURRENT ASSETS75628161704
TOTAL ASSETS LESS CURRENT LIABILITIES18067711817691
 
Creditors: amounts falling due
after more than one year811120001132000
 
NET ASSETS694771685691
 
CAPITAL AND RESERVES
Called up share capital230230
Retained earnings694541685461
SHAREHOLDERS FUNDS694771685691

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th November 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 12 March 2024


A L Youseman

Director

Company Number 01463285 (England)

CPP - LM Limited

NOTES TO THE ACCOUNTS

for the year ended 30th November 2023


1   Statutory information

CPP - LM Limited is a private company limited by shares and registered under company number 01463285 in England. Its registered office address is K8 Lower Road, Northfleet, Gravesend, Kent, England, DA11 9BL.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 17 (2022 - 17).

4   Property, plant and equipment
 
PlantFixtures
Land andandand
BuildingsMachineryFittingsTotal
££££
Cost
At 1st December 2022 91935015754172301332724900
Additions-1612002021163221
At 30th November 202391935017366172321542888121
 
Depreciation
At 1st December 2022 -1015817530961068913
Charge for year-639002416588065
At 30th November 2023-1079717772611156978
 
Net Book Value
At 30th November 20239193506569001548931731143
At 30th November 20229193505596001770371655987

5   Stocks20232022
££
 
Work in progress-69742
Finished goods and goods for resale1209915764
1209985506

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20232022
££
 
Trade Debtors185382280750
185382280750

7   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts3363639968
Trade Creditors86555228165
Corporation tax263098067
Taxes and social security costs11757275142
Other creditors136751190199
Accruals and deferred income53494-
454317541541

8   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts11120001132000
11120001132000

9   Loans20232022
££
Analysis of maturity of debt:
 
Within one year3363639968
Between one and five years11120001132000
11456361171968
Secured loans626000656000

Loans are secured by mortgage


2023-11-30false2022-12-012023-11-3001463285uk-bus:Director12022-12-012023-11-3001463285uk-gaap:ShareCapital2023-11-3001463285uk-gaap:ShareCapital2022-11-3001463285uk-gaap:RetainedEarningsAccumulatedLosses2023-11-3001463285uk-gaap:RetainedEarningsAccumulatedLosses2022-11-3001463285uk-gaap:VehiclesPlantMachinery2022-12-012023-11-3001463285uk-gaap:LandBuildings2022-11-3001463285uk-gaap:PlantMachinery2022-11-3001463285uk-gaap:FurnitureFittingsToolsEquipment2022-11-3001463285uk-gaap:PlantMachinery2022-12-012023-11-3001463285uk-gaap:FurnitureFittingsToolsEquipment2022-12-012023-11-3001463285uk-gaap:LandBuildings2023-11-3001463285uk-gaap:PlantMachinery2023-11-3001463285uk-gaap:FurnitureFittingsToolsEquipment2023-11-3001463285uk-gaap:WithinOneYear2023-11-3001463285uk-gaap:WithinOneYear2022-11-3001463285uk-gaap:AfterOneYear2023-11-3001463285uk-gaap:AfterOneYear2022-11-30014632852022-12-012023-11-30014632852021-12-012022-11-30014632852023-11-30014632852022-11-3001463285uk-bus:SmallEntities2022-12-012023-11-3001463285uk-bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3001463285uk-bus:FullAccounts2022-12-012023-11-3001463285uk-bus:PrivateLimitedCompanyLtd2022-12-012023-11-3001463285countries:EnglandWales2022-12-012023-11-30iso4217:GBPxbrli:purexbrli:shares