Registered number
15482451
Composite Panel Structures UK Limited
Unaudited Filleted Accounts For The Period Ended
28 February 2025
Composite Panel Structures UK Limited
Registered number: 15482451
Balance Sheet
as at 28 February 2025
Notes 2025
£
Current assets
Debtors 3 3,886
Cash at bank and in hand 2,921
6,807
Creditors: amounts falling due within one year 4 (1,785)
Net current assets 5,022
Total assets less current liabilities 5,022
Net assets 5,022
Capital and reserves
Called up share capital 1
Profit and loss account 5,021
Shareholders' funds 5,022
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.
D Henderson
Director
Approved by the board on 15 May 2025
Composite Panel Structures UK Limited
Notes to the Accounts
for the period from 11 February 2024 to 28 February 2025
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. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025
Number
Average number of persons employed by the company 1
3 Debtors 2025
£
Other debtors 3,886
3,886
4 Creditors: amounts falling due within one year 2025
£
Taxation and social security costs 915
Other creditors 870
1,785
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D Henderson
- 38,152 (34,266) 3,886
- 38,152 (34,266) 3,886
6 Other information
Composite Panel Structures UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
113 Oakfield Road
Whickham
Newcastle Upon Tyne
NE16 5QU
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