IRIS Accounts Production v24.3.2.46 03000066 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030000662023-10-31030000662024-10-31030000662023-11-012024-10-31030000662022-10-31030000662022-11-012023-10-31030000662023-10-3103000066ns15:EnglandWales2023-11-012024-10-3103000066ns14:PoundSterling2023-11-012024-10-3103000066ns10:Director12023-11-012024-10-3103000066ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3103000066ns10:SmallEntities2023-11-012024-10-3103000066ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3103000066ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3103000066ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3103000066ns10:FullAccounts2023-11-012024-10-3103000066ns10:OrdinaryShareClass12023-11-012024-10-3103000066ns10:Director22023-11-012024-10-3103000066ns10:Director32023-11-012024-10-3103000066ns10:Director42023-11-012024-10-3103000066ns10:CompanySecretary12023-11-012024-10-3103000066ns10:RegisteredOffice2023-11-012024-10-3103000066ns5:CurrentFinancialInstruments2024-10-3103000066ns5:CurrentFinancialInstruments2023-10-3103000066ns5:ShareCapital2024-10-3103000066ns5:ShareCapital2023-10-3103000066ns5:RetainedEarningsAccumulatedLosses2024-10-3103000066ns5:RetainedEarningsAccumulatedLosses2023-10-3103000066ns5:PlantMachinery2023-11-012024-10-3103000066ns5:FurnitureFittings2023-11-012024-10-3103000066ns5:MotorVehicles2023-11-012024-10-3103000066ns5:ComputerEquipment2023-11-012024-10-3103000066ns5:PlantMachinery2023-10-3103000066ns5:FurnitureFittings2023-10-3103000066ns5:MotorVehicles2023-10-3103000066ns5:ComputerEquipment2023-10-3103000066ns5:PlantMachinery2024-10-3103000066ns5:FurnitureFittings2024-10-3103000066ns5:MotorVehicles2024-10-3103000066ns5:ComputerEquipment2024-10-3103000066ns5:PlantMachinery2023-10-3103000066ns5:FurnitureFittings2023-10-3103000066ns5:MotorVehicles2023-10-3103000066ns5:ComputerEquipment2023-10-3103000066ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3103000066ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3103000066ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 03000066 (England and Wales)











C P S PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






C P S PARTNERSHIP LIMITED (REGISTERED NUMBER: 03000066)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


C P S PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: V C Hoad
N R J Hoad
Mrs T A Hoad
Mrs M T Hoad





SECRETARY: Mrs T A Hoad





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 03000066 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

C P S PARTNERSHIP LIMITED (REGISTERED NUMBER: 03000066)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,205 20,656

CURRENT ASSETS
Stocks 832,338 770,199
Debtors 5 254,256 257,055
Cash at bank 1,626,789 1,457,688
2,713,383 2,484,942
CREDITORS
Amounts falling due within one year 6 173,068 197,101
NET CURRENT ASSETS 2,540,315 2,287,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,559,520

2,308,497

PROVISIONS FOR LIABILITIES 4,801 5,164
NET ASSETS 2,554,719 2,303,333

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,554,619 2,303,233
SHAREHOLDERS' FUNDS 2,554,719 2,303,333

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

C P S PARTNERSHIP LIMITED (REGISTERED NUMBER: 03000066)

BALANCE SHEET - continued
31ST OCTOBER 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 13th March 2025 and were signed on its behalf by:





Mrs M T Hoad - Director


C P S PARTNERSHIP LIMITED (REGISTERED NUMBER: 03000066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

C P S Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 10% on reducing balance
Fixtures, fittings and equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


C P S PARTNERSHIP LIMITED (REGISTERED NUMBER: 03000066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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 year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 6,308 58,120 15,600 18,904 98,932
Additions - 1,587 - 68 1,655
Disposals - (163 ) - - (163 )
At 31st October 2024 6,308 59,544 15,600 18,972 100,424
DEPRECIATION
At 1st November 2023 3,116 45,777 14,429 14,954 78,276
Charge for year 319 1,382 293 1,005 2,999
Eliminated on disposal - (56 ) - - (56 )
At 31st October 2024 3,435 47,103 14,722 15,959 81,219
NET BOOK VALUE
At 31st October 2024 2,873 12,441 878 3,013 19,205
At 31st October 2023 3,192 12,343 1,171 3,950 20,656

C P S PARTNERSHIP LIMITED (REGISTERED NUMBER: 03000066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,431 170,487
Other debtors 111,825 86,568
254,256 257,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,769 98,689
Taxation and social security 114,232 95,172
Other creditors 4,067 3,240
173,068 197,101

7. CALLED UP SHARE CAPITAL

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