REGISTERED NUMBER: 03391485 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

CPS (GROUNDS) LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

C I Richardson

B J D Ferris

REGISTERED OFFICE:

The Workshop

Heathfield Farm, Siston Lane

Bristol

BS30 5LX

REGISTERED NUMBER:

03391485 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CPS (Grounds) Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CPS (Grounds) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CPS (Grounds) Ltd and state those matters that we have agreed to state to the Board of Directors of CPS (Grounds) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CPS (Grounds) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CPS (Grounds) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CPS (Grounds) Ltd. You consider that CPS (Grounds) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CPS (Grounds) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

25 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

564,876

563,781

564,876

563,781

CURRENT ASSETS

Stocks

15,376

14,919

Debtors

6

260,008

216,275

Investments

7

135,790

135,790

Cash at bank and in hand

33,927

73,702

445,101

440,686

CREDITORS

Amounts falling due within one year

8

341,029

357,883

NET CURRENT ASSETS

104,072

82,803

TOTAL ASSETS LESS CURRENT LIABILITIES

668,948

646,584

CREDITORS

Amounts falling due after more than one year

9

(242,132

)

(243,888

)

PROVISIONS FOR LIABILITIES

11

(107,327

)

(107,118

)

NET ASSETS

319,489

295,578

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

319,389

295,478

SHAREHOLDERS' FUNDS

319,489

295,578

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 25 September 2025 and were signed on its behalf by:

C I Richardson - Director

1.	STATUTORY INFORMATION

CPS (Grounds) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the service is rendered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Alterations to leasehold

- 10% on cost

Plant and machinery

- 20% to 25% on reducing balance

Fixtures and fittings

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

Webbs Heath premises

- 25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Critical accounting estimates and judgements

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

72,761

AMORTISATION

At 1 January 2024

and 31 December 2024

72,761

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Alterations

Fixtures

Plant and

to

and

machinery

leasehold

fittings

£

£

£

COST OR VALUATION

At 1 January 2024

1,139,573

10,000

18,822

Additions

189,284

-

415

Disposals

(178,677

)

-

-

At 31 December 2024

1,150,180

10,000

19,237

DEPRECIATION

At 1 January 2024

819,705

2,000

7,586

Charge for year

97,085

1,115

2,890

Eliminated on disposal

(102,676

)

-

-

At 31 December 2024

814,114

3,115

10,476

NET BOOK VALUE

At 31 December 2024

336,066

6,885

8,761

At 31 December 2023

319,868

8,000

11,236

Webbs

Motor

Heath

vehicles

premises

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

618,460

48,377

1,835,232

Additions

54,667

-

244,366

Disposals

(2,000

)

-

(180,677

)

At 31 December 2024

671,127

48,377

1,898,921

DEPRECIATION

At 1 January 2024

395,981

46,179

1,271,451

Charge for year

65,460

69

166,619

Eliminated on disposal

(1,349

)

-

(104,025

)

At 31 December 2024

460,092

46,248

1,334,045

NET BOOK VALUE

At 31 December 2024

211,035

2,129

564,876

At 31 December 2023

222,479

2,198

563,781

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade debtors

178,041

150,580

Other debtors

81,967

65,695

260,008

216,275

7.	CURRENT ASSET INVESTMENTS

2024

2023

as

restated

£

£

Other

135,790

135,790

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

135,454

139,355

Trade creditors

25,575

45,718

Taxation and social security

131,500

103,875

Other creditors

38,500

58,935

341,029

357,883

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as

restated

£

£

Bank loans

5,000

15,000

Hire purchase contracts

237,132

228,888

242,132

243,888

The hire purchase liabilities of £372,586 (2023: £368,244) are secured on the assets to which they relate.

10.	SECURED DEBTS

Included in loans is a government backed Bounce Back Loan.

11.	PROVISIONS FOR LIABILITIES

2024

2023

as

restated

£

£

Deferred tax

107,327

107,118

Deferred

tax

£

Balance at 1 January 2024

107,118

Accelerated capital allowances

209

Balance at 31 December 2024

107,327

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

100

Ordinary A

£1

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Director owed the company £57,278 (2023 £51,880) There were advances of £66,998 and repayments of £61,600.

14.	LEASING COMMITMENTS

At the year end the company had outstanding lease commitments of £2,504 (2023: £4,383).