CJP Supersheds Limited 31/05/2024 iXBRL

Company registration number: 09040676

CJP Supersheds Limited

Unaudited filleted financial statements

31 May 2024

CJP Supersheds Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

CJP Supersheds Limited

Directors and other information


	Director	Mr Carwyn Jones-Parry


	Company number	09040676


	Registered office	3 Pen Hafodlas Bach
		Talysarn
		Caernarfon
		Gwynedd
		LL54 6AN


	Business address	3 Pen Hafodlas Bach
		Talysarn
		Caernarfon
		Gwynedd
		LL54 6AN

CJP Supersheds Limited

Statement of financial position

31 May 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,020		1,364
		_______		_______
			1,020		1,364

Current assets
Debtors	6	6,954		-
Cash at bank and in hand		3,493		1,098
		_______		_______
		10,447		1,098
Creditors: amounts falling due
within one year	7	( 15,927)		( 15,571)
		_______		_______
Net current liabilities			( 5,480)		( 14,473)
			_______		_______
Total assets less current liabilities			( 4,460)		( 13,109)

Creditors: amounts falling due
after more than one year	8		( 4,021)		( 6,265)

Provisions for liabilities			( 194)		( 259)

			_______		_______
Net liabilities			( 8,675)		( 19,633)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 8,677)		( 19,635)
			_______		_______
Shareholders deficit			( 8,675)		( 19,633)
			_______		_______

For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 03 October 2025 , and are signed on behalf of the board by:

Mr Carwyn Jones-Parry

Director

Company registration number: 09040676

CJP Supersheds Limited

Notes to the financial statements

Year ended 31 May 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is CJP Supersheds Limited, 3 Pen Hafodlas Bach, Talysarn, Caernarfon, Gwynedd, LL54 6AN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	33 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 June 2023 and 31 May 2024	300	874	4,750	5,924
	_______	_______	_______	_______
Depreciation
At 1 June 2023	300	870	3,390	4,560
Charge for the year	-	4	340	344
	_______	_______	_______	_______
At 31 May 2024	300	874	3,730	4,904
	_______	_______	_______	_______
Carrying amount
At 31 May 2024	-	-	1,020	1,020
	_______	_______	_______	_______
At 31 May 2023	-	4	1,360	1,364
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Other debtors	6,954	-
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	2,449	2,449
Corporation tax	10,706	8,154
Other creditors	2,772	4,968
	_______	_______
	15,927	15,571
	_______	_______

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,021	6,265
	_______	_______

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Carwyn Jones-Parry	( 2,662)	( 4,281)	11,862	4,919
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Carwyn Jones-Parry	( 959)	( 7,849)	6,146	( 2,662)
		_______	_______	_______	_______

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
CJP Building Contractors and Property Developers Ltd	2,035	-	2,035	-
	_______	_______	_______	_______

The Company is connected to CJP Building Contractors and Property Developers Ltd as they are all controlled by Mr C Jones-Parry. During the previous year the Director resolved to write off the total debt of £28,690 owed to the company by CJP Building Contractors and Property Developers Ltd.

11. Controlling party

The company is controlled by the director.

12. Going Concern

At the year end the Company's balance sheet is overdrawn. The Director is committed to financially support the Company and the accounts have been prepared on the going concern basis.