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REGISTERED NUMBER: 02181065 (England and Wales)















C.P.S. (CONTRACTORS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2023 TO 5 APRIL 2024






C.P.S. (CONTRACTORS) LIMITED (REGISTERED NUMBER: 02181065)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


C.P.S. (CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 5 APRIL 2024







DIRECTORS: K R Ilett
Mrs B L Ilett





SECRETARY: K R Ilett





REGISTERED OFFICE: 14 London Road
Newark
Nottinghamshire
NG24 1TW





REGISTERED NUMBER: 02181065 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

C.P.S. (CONTRACTORS) LIMITED (REGISTERED NUMBER: 02181065)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 158,117 65,471

CURRENT ASSETS
Inventories 8,414 25,259
Debtors 5 52,666 58,388
Cash at bank 332,129 153,530
393,209 237,177
CREDITORS
Amounts falling due within one year 6 507,156 279,234
NET CURRENT LIABILITIES (113,947 ) (42,057 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,170 23,414

CREDITORS
Amounts falling due after more than one year 7 (9,918 ) (14,582 )

PROVISIONS FOR LIABILITIES (32,807 ) (8,237 )
NET ASSETS 1,445 595

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,345 495
SHAREHOLDERS' FUNDS 1,445 595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2024 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.

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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





K R Ilett - Director


C.P.S. (CONTRACTORS) LIMITED (REGISTERED NUMBER: 02181065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 5 APRIL 2024

1. STATUTORY INFORMATION

C.P.S. (Contractors) 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance, 10% on reducing balance and 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories and work in progress are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the period 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 statement of financial position date.

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 period 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 period was 6 (2023 - 5 ) .

C.P.S. (CONTRACTORS) LIMITED (REGISTERED NUMBER: 02181065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 5 APRIL 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 101,385 175,534 276,919
Additions - 108,784 108,784
Disposals - (19,995 ) (19,995 )
At 5 April 2024 101,385 264,323 365,708
DEPRECIATION
At 1 June 2023 84,620 126,828 211,448
Charge for period 2,794 12,500 15,294
Eliminated on disposal - (19,151 ) (19,151 )
At 5 April 2024 87,414 120,177 207,591
NET BOOK VALUE
At 5 April 2024 13,971 144,146 158,117
At 31 May 2023 16,765 48,706 65,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,646 35,882
Other debtors 32,020 22,506
52,666 58,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,832 7,000
Trade creditors 85,344 101,571
Taxation and social security 61,609 69,491
Other creditors 354,371 101,172
507,156 279,234

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,918 14,582

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100