Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22true 10557265 2023-02-01 2024-01-31 10557265 2022-02-01 2023-01-31 10557265 2024-01-31 10557265 2023-01-31 10557265 c:Director1 2023-02-01 2024-01-31 10557265 d:Buildings 2023-02-01 2024-01-31 10557265 d:Buildings 2024-01-31 10557265 d:Buildings 2023-01-31 10557265 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557265 d:FurnitureFittings 2023-02-01 2024-01-31 10557265 d:FurnitureFittings 2024-01-31 10557265 d:FurnitureFittings 2023-01-31 10557265 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557265 d:ComputerEquipment 2023-02-01 2024-01-31 10557265 d:ComputerEquipment 2024-01-31 10557265 d:ComputerEquipment 2023-01-31 10557265 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557265 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10557265 d:CurrentFinancialInstruments 2024-01-31 10557265 d:CurrentFinancialInstruments 2023-01-31 10557265 d:Non-currentFinancialInstruments 2024-01-31 10557265 d:Non-currentFinancialInstruments 2023-01-31 10557265 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10557265 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10557265 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10557265 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 10557265 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 10557265 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 10557265 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 10557265 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 10557265 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 10557265 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 10557265 d:UKTax 2023-02-01 2024-01-31 10557265 d:UKTax 2022-02-01 2023-01-31 10557265 d:ShareCapital 2024-01-31 10557265 d:ShareCapital 2023-01-31 10557265 d:RetainedEarningsAccumulatedLosses 2024-01-31 10557265 d:RetainedEarningsAccumulatedLosses 2023-01-31 10557265 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 10557265 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 10557265 c:FRS102 2023-02-01 2024-01-31 10557265 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10557265 c:FullAccounts 2023-02-01 2024-01-31 10557265 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10557265 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 10557265










CEPRO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CEPRO LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CEPRO LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cepro Limited for the year ended 31 January 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Cepro Limited, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Cepro Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cepro Limited and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Cepro Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Cepro Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Cepro Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 

23 January 2025
Page 1

 
CEPRO LIMITED
REGISTERED NUMBER: 10557265

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
166,094
169,901

  
166,094
169,901

Current assets
  

Cash at bank and in hand
 6 
2,807
2,263

  
2,807
2,263

Creditors: amounts falling due within one year
 7 
(39,733)
(38,652)

Net current liabilities
  
 
 
(36,926)
 
 
(36,389)

Total assets less current liabilities
  
129,168
133,512

Creditors: amounts falling due after more than one year
 8 
(106,116)
(115,379)

  

Net assets
  
23,052
18,133


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
23,050
18,131

  
23,052
18,133


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 January 2025.






Page 2

 
CEPRO LIMITED
REGISTERED NUMBER: 10557265

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

Mr Naheem Anwar
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
CEPRO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cepro Ltd is a company domiciled in England & Wales, registration number 10557265. The registered office is 33 Manor Row, Bradford, West Yorkshire, BD1 4PS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
CEPRO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
20%
straight line
Fixtures and fittings
-
20%
straight line
Computer equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
CEPRO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
2,515
2,287


2,515
2,287


Total current tax
2,515
2,287

Deferred tax

Total deferred tax
-
-


Tax on profit
2,515
2,287

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 19% (2023 - 19%) as set out below:

2024
2023
£
£


Profit on ordinary activities before tax
9,433
7,537


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)
1,792
1,432

Effects of:


Capital allowances for year in excess of depreciation
723
855

Total tax charge for the year
2,515
2,287


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 6

 
CEPRO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Freehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
192,664
146
2,066
194,876



At 31 January 2024

192,664
146
2,066
194,876



Depreciation


At 1 February 2023
22,800
109
2,066
24,975


Charge for the year on owned assets
3,800
7
-
3,807



At 31 January 2024

26,600
116
2,066
28,782



Net book value



At 31 January 2024
166,064
30
-
166,094



At 31 January 2023
169,864
37
-
169,901


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,807
2,263

2,807
2,263



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,477
5,477

Corporation tax
5,617
6,670

Other taxation and social security
1,213
1,019

Other creditors
27,426
25,486

39,733
38,652


Page 7

 
CEPRO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
106,116
115,379

106,116
115,379



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,477
5,477


5,477
5,477

Amounts falling due 1-2 years

Bank loans
8,448
8,448


8,448
8,448

Amounts falling due 2-5 years

Bank loans
25,344
25,344


25,344
25,344

Amounts falling due after more than 5 years

Bank loans
72,324
81,587

72,324
81,587

111,593
120,856


Page 8

 
CEPRO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,807
2,807




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


Other financial liabilities measured at fair value through profit or loss comprise bank loans.


Page 9