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REGISTERED NUMBER: 01021688 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CIRCUIT PLATING EQUIPMENT LIMITED

CIRCUIT PLATING EQUIPMENT LIMITED (REGISTERED NUMBER: 01021688)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CIRCUIT PLATING EQUIPMENT LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: V K Davey





SECRETARY: T Rooney





REGISTERED OFFICE: 43 Frog Hall Drive
Wokingham
Berkshire
RG40 2LE





REGISTERED NUMBER: 01021688 (England and Wales)





ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

CIRCUIT PLATING EQUIPMENT LIMITED (REGISTERED NUMBER: 01021688)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4,750 4,800
Debtors 5 592 232
Cash at bank 61,643 66,869
66,985 71,901
CREDITORS
Amounts falling due within one year 6 100,729 93,791
NET CURRENT LIABILITIES (33,744 ) (21,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,744

)

(21,890

)

CAPITAL AND RESERVES
Called up share capital 7 25,000 25,000
Retained earnings (58,744 ) (46,890 )
SHAREHOLDERS' FUNDS (33,744 ) (21,890 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 19 March 2025 and were signed by:





V K Davey - Director


CIRCUIT PLATING EQUIPMENT LIMITED (REGISTERED NUMBER: 01021688)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Circuit Plating Equipment Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 01021688 and its registered office address is PO Box 3198, 43 Frog Hall Drive, Wokingham, Berkshire, RG40 2HA.

The presentation currency of the financial statements is the GB pound (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Overall risk to operations
Following the year end, there have been no substantial developments that would affect the company's ability to trade profitably. The Company has therefore determined that there are no post balance sheet events and accordingly, the financial position as at, and results of the operations for, the year ended 31 March 2024 have not been adjusted to reflect their impact.

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.
Improvements to property - 20% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Going concern
The director has invested in the company and also supports the working capital as required. The director has confirmed that repayment of the loan will not be sought until the working capital position of the company allows.

On this basis the accounts have been prepared on the going concern basis.

CIRCUIT PLATING EQUIPMENT LIMITED (REGISTERED NUMBER: 01021688)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 31,406 6,869 55,940 94,215
DEPRECIATION
At 1 April 2023
and 31 March 2024 31,406 6,869 55,940 94,215
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106 232
VAT 486 -
592 232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 783 4,766
VAT - 629
Directors' current accounts 97,396 87,146
Accrued expenses 2,550 1,250
100,729 93,791

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary £1 25,000 25,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is V K Davey.