Acorah Software Products - Accounts Production 16.4.675 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10880873 Simon Krstev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10880873 2023-07-31 10880873 2024-07-31 10880873 2023-08-01 2024-07-31 10880873 frs-core:CurrentFinancialInstruments 2024-07-31 10880873 frs-core:PlantMachinery 2024-07-31 10880873 frs-core:PlantMachinery 2023-08-01 2024-07-31 10880873 frs-core:PlantMachinery 2023-07-31 10880873 frs-core:ShareCapital 2024-07-31 10880873 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10880873 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10880873 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10880873 frs-bus:SmallEntities 2023-08-01 2024-07-31 10880873 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10880873 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10880873 frs-bus:Director1 2023-08-01 2024-07-31 10880873 frs-countries:EnglandWales 2023-08-01 2024-07-31 10880873 2022-07-31 10880873 2023-07-31 10880873 2022-08-01 2023-07-31 10880873 frs-core:CurrentFinancialInstruments 2023-07-31 10880873 frs-core:ShareCapital 2023-07-31 10880873 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10880873
CPS Automotive Limited
Financial Statements
For The Year Ended 31 July 2024
M.A.R Accountants Ltd
Chartered Certified Accountants
685 Cranbrook Road
Ilford
IG2 6SY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10880873
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,599 27,667
43,599 27,667
CURRENT ASSETS
Stocks 5 8,715 8,715
Cash at bank and in hand 118,374 142,126
127,089 150,841
Creditors: Amounts Falling Due Within One Year 6 (113,601 ) (169,503 )
NET CURRENT ASSETS (LIABILITIES) 13,488 (18,662 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,087 9,005
NET ASSETS 57,087 9,005
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 56,987 8,905
SHAREHOLDERS' FUNDS 57,087 9,005
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Simon Krstev
Director
28/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
CPS Automotive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10880873 . The registered office is Unit 4 Abbot Close, Byfleet, West Byfleet, Surrey, KT14 7JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 73,358
Additions 23,626
As at 31 July 2024 96,984
Depreciation
As at 1 August 2023 45,691
Provided during the period 7,694
As at 31 July 2024 53,385
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 July 2024 43,599
As at 1 August 2023 27,667
5. Stocks
2024 2023
£ £
Stock 8,715 8,715
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 101,744 154,443
Taxation and social security 11,857 15,060
113,601 169,503
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3