CP12 Energy Ltd 10080594 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is gas safety and engineering services Digita Accounts Production Advanced 6.30.9574.0 true true 10080594 2023-04-01 2024-03-31 10080594 2024-03-31 10080594 core:RetainedEarningsAccumulatedLosses 2024-03-31 10080594 core:ShareCapital 2024-03-31 10080594 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10080594 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10080594 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 10080594 core:FurnitureFittingsToolsEquipment 2024-03-31 10080594 core:MotorVehicles 2024-03-31 10080594 bus:SmallEntities 2023-04-01 2024-03-31 10080594 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10080594 bus:FilletedAccounts 2023-04-01 2024-03-31 10080594 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10080594 bus:RegisteredOffice 2023-04-01 2024-03-31 10080594 bus:Director1 2023-04-01 2024-03-31 10080594 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10080594 core:FurnitureFittings 2023-04-01 2024-03-31 10080594 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10080594 core:MotorVehicles 2023-04-01 2024-03-31 10080594 countries:AllCountries 2023-04-01 2024-03-31 10080594 2023-03-31 10080594 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 10080594 core:FurnitureFittingsToolsEquipment 2023-03-31 10080594 core:MotorVehicles 2023-03-31 10080594 2022-04-01 2023-03-31 10080594 2023-03-31 10080594 core:RetainedEarningsAccumulatedLosses 2023-03-31 10080594 core:ShareCapital 2023-03-31 10080594 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10080594 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10080594 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 10080594 core:FurnitureFittingsToolsEquipment 2023-03-31 10080594 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10080594

CP12 Energy Ltd



Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

CP12 Energy Ltd

 

(Registration number: 10080594)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

300,000

300,000

Tangible assets

5

14,082

17,824

 

314,082

317,824

Current assets

 

Stocks

6

10,000

10,000

Debtors

7

46,393

110,995

Cash at bank and in hand

 

830

6,615

 

57,223

127,610

Creditors: Amounts falling due within one year

8

(293,514)

(289,012)

Net current liabilities

 

(236,291)

(161,402)

Total assets less current liabilities

 

77,791

156,422

Creditors: Amounts falling due after more than one year

8

(27,851)

(32,535)

Provisions for liabilities

(32,626)

(32,626)

Net assets

 

17,314

91,261

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(167,013)

(93,066)

Non-distributable reserve

 

184,325

184,325

Total equity

 

17,314

91,261

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

CP12 Energy Ltd

 

(Registration number: 10080594)
Balance Sheet as at 31 March 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 April 2025
 

.........................................
E Moskovitch
Director

 

CP12 Energy Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL
England

These financial statements were authorised for issue by the director on 9 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

CP12 Energy Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

20% Reducing Balance

Motor Vehicles

25% Reducing Balance

Intangible assets

The intangible asset relates to software development, which is stated at its fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

CP12 Energy Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 20 (2023 - 15).

 

CP12 Energy Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 April 2023

301,042

301,042

At 31 March 2024

301,042

301,042

Amortisation

At 1 April 2023

1,042

1,042

At 31 March 2024

1,042

1,042

Carrying amount

At 31 March 2024

300,000

300,000

At 31 March 2023

300,000

300,000

 

CP12 Energy Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

4,256

26,875

31,131

Additions

771

-

771

At 31 March 2024

5,027

26,875

31,902

Depreciation

At 1 April 2023

2,310

10,997

13,307

Charge for the year

543

3,970

4,513

At 31 March 2024

2,853

14,967

17,820

Carrying amount

At 31 March 2024

2,174

11,908

14,082

At 31 March 2023

1,946

15,878

17,824

6

Stocks

2024
£

2023
£

Other inventories

10,000

10,000

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

28,330

78,110

Amounts owed by related parties

12,348

23,807

Prepayments

 

5,715

5,715

Other debtors

 

-

3,363

   

46,393

110,995

 

CP12 Energy Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

19,149

308

Trade creditors

 

40,212

65,545

Taxation and social security

 

90,200

42,496

Accruals and deferred income

 

4,384

2,884

Other creditors

 

139,569

177,779

 

293,514

289,012

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

27,851

32,535