REGISTERED NUMBER: SC546140 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

CPP Trading Group Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

11,000

16,500

Tangible assets

5

53,741

30,793

64,741

47,293

CURRENT ASSETS

Stocks

461,742

439,481

Debtors

6

451,755

443,638

Cash at bank and in hand

363,191

320,662

1,276,688

1,203,781

CREDITORS

Amounts falling due within one year

7

(507,554

)

(423,736

)

NET CURRENT ASSETS

769,134

780,045

TOTAL ASSETS LESS CURRENT LIABILITIES

833,875

827,338

CREDITORS

Amounts falling due after more than one year

8

(337,662

)

(393,998

)

PROVISIONS FOR LIABILITIES

(5,600

)

(7,325

)

NET ASSETS

490,613

426,015

CAPITAL AND RESERVES

Called up share capital

40

40

Share premium

91,990

91,990

Retained earnings

398,583

333,985

SHAREHOLDERS' FUNDS

490,613

426,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:

Mr A M Steven - Director

Mr B Steven - Director

Mr S Steven - Director

Mr D Thomas - Director

1.	STATUTORY INFORMATION

CPP Trading Group Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC546140. The registered office is 71-75 Craigton Road, Glasgow, G51 3RB.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services in respect of the supply of paper products, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on cost

Plant and machinery

-

25% on cost and 10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost and 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

55,000

AMORTISATION

At 1 January 2024

38,500

Charge for year

5,500

At 31 December 2024

44,000

NET BOOK VALUE

At 31 December 2024

11,000

At 31 December 2023

16,500

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

1,996

14,650

80,230

Additions

32,350

-

-

At 31 December 2024

34,346

14,650

80,230

DEPRECIATION

At 1 January 2024

503

14,102

74,389

Charge for year

2,501

162

2,032

At 31 December 2024

3,004

14,264

76,421

NET BOOK VALUE

At 31 December 2024

31,342

386

3,809

At 31 December 2023

1,493

548

5,841

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

86,220

27,138

210,234

Additions

-

6,104

38,454

At 31 December 2024

86,220

33,242

248,688

DEPRECIATION

At 1 January 2024

67,220

23,227

179,441

Charge for year

7,125

3,686

15,506

At 31 December 2024

74,345

26,913

194,947

NET BOOK VALUE

At 31 December 2024

11,875

6,329

53,741

At 31 December 2023

19,000

3,911

30,793

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

28,500

DEPRECIATION

At 1 January 2024

9,500

Charge for year

7,125

At 31 December 2024

16,625

NET BOOK VALUE

At 31 December 2024

11,875

At 31 December 2023

19,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

333,693

341,899

Other debtors

118,062

101,739

451,755

443,638

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

4,675

4,667

Hire purchase contracts

6,000

6,000

Trade creditors

215,877

147,763

Taxation and social security

212,611

232,660

Other creditors

68,391

32,646

507,554

423,736

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

24,111

28,778

Hire purchase contracts

4,000

10,000

Other creditors

309,551

355,220

337,662

393,998

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

4,833

620

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

10,000

16,000

Amounts due on hire purchase contracts are secured against the assets to which they relate.