Company Registration No. 04287294 (England and Wales)
CEP Carlisle Limited
Unaudited accounts
for the year ended 31 October 2024
CEP Carlisle Limited
Unaudited accounts
Contents
CEP Carlisle Limited
Company Information
for the year ended 31 October 2024
Directors
Kevin Winter
Carol Winter
Calvin Winter
Company Number
04287294 (England and Wales)
Registered Office
CEP
JUNCTION STREET
CARLISLE
CA2 5XH
Accountants
Alpha Accountancy
106 Wigton Road
Carlisle
CA2 7ES
CEP Carlisle Limited
Statement of financial position
as at 31 October 2024
Tangible assets
98,062
111,848
Cash at bank and in hand
(69,141)
860
Creditors: amounts falling due within one year
(81,591)
(168,654)
Net current liabilities
(62,597)
(44,377)
Total assets less current liabilities
35,465
67,471
Creditors: amounts falling due after more than one year
(25,254)
(23,731)
Provisions for liabilities
Deferred tax
(9,576)
(9,576)
Called up share capital
101
101
Profit and loss account
534
34,063
Shareholders' funds
635
34,164
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by
Kevin Winter
Director
Company Registration No. 04287294
CEP Carlisle Limited
Notes to the Accounts
for the year ended 31 October 2024
CEP Carlisle Limited is a private company, limited by shares, registered in England and Wales, registration number 04287294. The registered office is CEP, JUNCTION STREET, CARLISLE, CA2 5XH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight line
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
15% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
CEP Carlisle Limited
Notes to the Accounts
for the year ended 31 October 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2023
171,293
34,989
5,800
62,506
52,958
327,546
At 31 October 2024
171,293
34,989
5,800
62,506
52,958
327,546
At 1 November 2023
88,938
31,922
1,450
52,077
41,311
215,698
Charge for the year
8,565
460
1,450
1,564
1,747
13,786
At 31 October 2024
97,503
32,382
2,900
53,641
43,058
229,484
At 31 October 2024
73,790
2,607
2,900
8,865
9,900
98,062
At 31 October 2023
82,355
3,067
4,350
10,429
11,647
111,848
Amounts falling due within one year
Trade debtors
43,225
57,242
Accrued income and prepayments
1,200
1,237
CEP Carlisle Limited
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
60,895
Trade creditors
50,287
64,128
Taxes and social security
-
9,221
Loans from directors
25,759
2,317
Bank loans and overdrafts of £60,895 (2022 - £62,128) and other creditors of £21,228 (2022 - £21,228) are secured on the company's assets.
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
6,221
-
Advances are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).