Registered number
07597191
CP ENERGY (UK) LIMITED
Filleted Accounts
30 April 2024
CP ENERGY (UK) LIMITED
Registered number: 07597191
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 250,237 196,071
Cash at bank and in hand 302,368 100,138
552,605 296,209
Creditors: amounts falling due within one year 4 (513,462) (131,052)
Net current assets 39,143 165,157
Total assets less current liabilities 39,143 165,157
Creditors: amounts falling due after more than one year 5 (100,000) (200,000)
Net liabilities (60,857) (34,843)
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (160,857) (134,843)
Shareholders' funds (60,857) (34,843)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Vidhish Sunil Shah
Director
Approved by the board on 14 April 2025
CP ENERGY (UK) LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 4
3 Debtors 2024 2023
£ £
Other debtors 250,237 196,071
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 513,462 131,052
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan 100,000 200,000
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 100,000 200,000
7 Related party transactions
The directors current account was in credit as at 30.04.2024.
8 Controlling party
The company is controlled by directors Mr Vidhish Sunil Shah and Miss Sonam Sunil Shah each holding 50% share capital.
9 Other information
CP ENERGY (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
10 Regency Court
Unwin Way
Stanmore
HA7 1FE
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