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REGISTERED NUMBER: 05047217 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CPS-PROPERTY LTD

CPS-PROPERTY LTD (REGISTERED NUMBER: 05047217)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CPS-PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs B M Spokes
I Spokes





SECRETARY: I Spokes





REGISTERED OFFICE: 165 Stoke Lane
Westbury-On-Trym
Bristol
BS9 3RR





REGISTERED NUMBER: 05047217 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

CPS-PROPERTY LTD (REGISTERED NUMBER: 05047217)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,248 28,886

CURRENT ASSETS
Stocks 10,800 18,600
Debtors 5 52,988 44,618
Cash at bank 28,163 17,310
91,951 80,528
CREDITORS
Amounts falling due within one year 6 174,670 167,179
NET CURRENT LIABILITIES (82,719 ) (86,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,471

)

(57,765

)

CREDITORS
Amounts falling due after more than one
year

7

31,829

51,070
NET LIABILITIES (102,300 ) (108,835 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (103,300 ) (109,835 )
(102,300 ) (108,835 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CPS-PROPERTY LTD (REGISTERED NUMBER: 05047217)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 27 November 2024 and were signed on its behalf by:





I Spokes - Director


CPS-PROPERTY LTD (REGISTERED NUMBER: 05047217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

CPS-Property Ltd 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.
Plant and machinery etc - 33% per annum of net book value, 25% reducing balance and 15% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, 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 stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

CPS-PROPERTY LTD (REGISTERED NUMBER: 05047217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 83,610
Disposals (35,290 )
At 29 February 2024 48,320
DEPRECIATION
At 1 March 2023 54,724
Charge for year 3,917
Eliminated on disposal (22,569 )
At 29 February 2024 36,072
NET BOOK VALUE
At 29 February 2024 12,248
At 28 February 2023 28,886

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,988 44,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,173 6,191
Trade creditors - 3
Amounts owed to group undertakings 1,640 1,640
Taxation and social security 5,361 7,894
Other creditors 164,496 151,451
174,670 167,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 23,333 33,333
Hire purchase contracts 8,496 17,737
31,829 51,070