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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
Page
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CEP Carlisle Limited Company Information for the year ended 31 October 2024
Directors
Kevin Winter Carol Winter Calvin Winter
Secretary
Carol Winter
Company Number
04287294 (England and Wales)
Registered Office
CEP JUNCTION STREET CARLISLE CA2 5XH
Accountants
Alpha Accountancy 106 Wigton Road Carlisle CA2 7ES
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CEP Carlisle Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,062 
111,848 
Current assets
Inventories
43,710 
64,938 
Debtors
44,425 
58,479 
Cash at bank and in hand
(69,141)
860 
18,994 
124,277 
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)
Net assets
635 
34,164 
Capital and reserves
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
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CEP Carlisle Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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
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.
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CEP Carlisle Limited Notes to the Accounts for the year ended 31 October 2024
Financial instruments
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 
£ 
Cost
At 1 November 2023
20,000 
At 31 October 2024
20,000 
Amortisation
At 1 November 2023
20,000 
At 31 October 2024
20,000 
Net book value
At 31 October 2024
- 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,225 
57,242 
Accrued income and prepayments
1,200 
1,237 
44,425 
58,479 
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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 
VAT
3,065 
8,385 
Trade creditors
50,287 
64,128 
Taxes and social security
- 
9,221 
Other creditors
- 
21,228 
Loans from directors
25,759 
2,317 
Accruals
2,480 
2,480 
81,591 
168,654 
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 
£ 
£ 
Bank loans
19,033 
23,731 
Taxes and social security
6,221 
- 
25,254 
23,731 
9
Loans to directors
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).
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