CSPF Limited 13013233 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of a personal investment company. Digita Accounts Production Advanced 6.30.9574.0 true true 13013233 2023-02-01 2024-01-31 13013233 2024-01-31 13013233 core:RetainedEarningsAccumulatedLosses 2024-01-31 13013233 core:ShareCapital 2024-01-31 13013233 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-01-31 13013233 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13013233 core:Non-currentFinancialInstruments 2024-01-31 13013233 bus:SmallEntities 2023-02-01 2024-01-31 13013233 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13013233 bus:FullAccounts 2023-02-01 2024-01-31 13013233 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13013233 bus:RegisteredOffice 2023-02-01 2024-01-31 13013233 bus:Director1 2023-02-01 2024-01-31 13013233 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13013233 1 2023-02-01 2024-01-31 13013233 countries:EnglandWales 2023-02-01 2024-01-31 13013233 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 13013233 2022-02-01 2023-01-31 13013233 2023-01-31 13013233 core:RetainedEarningsAccumulatedLosses 2023-01-31 13013233 core:ShareCapital 2023-01-31 13013233 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13013233 core:Non-currentFinancialInstruments 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13013233

CSPF Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

CSPF Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

CSPF Limited

(Registration number: 13013233)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

3,580

3,580

Other financial assets

5

97,258

-

 

100,838

3,580

Current assets

 

Cash at bank and in hand

 

56,013

87,898

Creditors: Amounts falling due within one year

(39,413)

-

Net current assets

 

16,600

87,898

Net assets

 

117,438

91,478

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

117,338

91,378

Total equity

 

117,438

91,478

For the financial year ending 31 January 2024 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 31 October 2024
 

Ms S E Tongue

Director

 

CSPF Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The reporting period has been extended to 31 March 2024 from 31 January 2024 to align with the directors tax affairs, therefore amounts presented within these financial statements are not entirely comparable.

Going concern

The financial statements have been prepared on a going concern basis. The initial loss making period of the company has been supported by a loan from the directors. The directors have committed not to demand repayment of the loan if this would cause any doubt about the viability of CSPF Limited as a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

CSPF Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

Total
£

Cost or valuation

At 1 February 2023

3,580

Carrying amount

At 31 January 2024

3,580

At 31 January 2023

3,580

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

Fair value adjustments

3,615

3,615

Additions

93,643

93,643

At 31 January 2024

97,258

97,258

Carrying amount

At 31 January 2024

97,258

97,258