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REGISTERED NUMBER: NI055758 (Northern Ireland)















CPD POWERLINE LTD

Unaudited Financial Statements for the Year Ended 30 June 2024






CPD POWERLINE LTD (REGISTERED NUMBER: NI055758)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CPD POWERLINE LTD

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Colm Campbell





REGISTERED OFFICE: 65 Tirmacrannon Road
Loughgall
Co. Armagh
BT61 8LW





REGISTERED NUMBER: NI055758 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

CPD POWERLINE LTD (REGISTERED NUMBER: NI055758)

Statement of Financial Position
30 JUNE 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 107,101 300,864
107,101 300,864

CURRENT ASSETS
Inventories 7 63,750 87,055
Receivables 8 2,440,528 3,041,658
Cash at bank 1,819 109,756
2,506,097 3,238,469
PAYABLES
Amounts falling due within one year 9 (2,271,391 ) (1,773,340 )
NET CURRENT ASSETS 234,706 1,465,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,807

1,765,993

PAYABLES
Amounts falling due after more than
one year

10

(70,833

)

(124,896

)

PROVISIONS FOR LIABILITIES (48,489 ) (48,489 )
NET ASSETS 222,485 1,592,608

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 222,483 1,592,606
SHAREHOLDERS' FUNDS 222,485 1,592,608

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CPD POWERLINE LTD (REGISTERED NUMBER: NI055758)

Statement of Financial Position - continued
30 JUNE 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 director and authorised for issue on 5 March 2025 and were signed by:





Colm Campbell - Director


CPD POWERLINE LTD (REGISTERED NUMBER: NI055758)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

CPD Powerline Ltd is a private company limited by shares incorporated in Northern Ireland.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% straight line
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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 year end and that are expected to apply to the reversal of the timing difference.

CPD POWERLINE LTD (REGISTERED NUMBER: NI055758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit & Loss when received.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 1,050,000
AMORTISATION
At 1 July 2023
and 30 June 2024 1,050,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

CPD POWERLINE LTD (REGISTERED NUMBER: NI055758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 July 2023 341,504 1,194,098 291,693 1,020,498 2,847,793
Additions - 106,979 3,114 - 110,093
Disposals - (733,976 ) - - (733,976 )
At 30 June 2024 341,504 567,101 294,807 1,020,498 2,223,910
DEPRECIATION
At 1 July 2023 340,504 993,117 257,428 955,880 2,546,929
Charge for year 1,000 10,582 9,023 16,153 36,758
Eliminated on disposal - (466,878 ) - - (466,878 )
At 30 June 2024 341,504 536,821 266,451 972,033 2,116,809
NET BOOK VALUE
At 30 June 2024 - 30,280 28,356 48,465 107,101
At 30 June 2023 1,000 200,981 34,265 64,618 300,864

7. INVENTORIES
2024 2023
£ £
Inventories 63,750 87,055

8. RECEIVABLES
2024 2023
£ £
Trade receivables 1,061,666 1,200,339
Other receivables 156,152 154,853
Amounts owed by group undertakings 1,108,880 1,534,704
VAT 70,300 83,574
Prepayments and accrued income 43,530 68,188
2,440,528 3,041,658

The amounts owed by the group undertakings are interest free and payable on demand.

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 213,273 53,971
Hire purchase contracts - 11,323
Trade payables 327,044 352,107
Amounts owed to group undertakings 1,346,170 964,112
Taxation and social security 50,772 85,357
Other payables 334,132 306,470
2,271,391 1,773,340

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 70,833 124,896

CPD POWERLINE LTD (REGISTERED NUMBER: NI055758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary shares £1 2 2

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Umami Holdings Ltd.