C P Cases Limited Company accounts

COMPANY REGISTRATION NUMBER: 01111889

C P Cases Limited

Financial Statements

31 March 2025

C P Cases Limited

Financial Statements

Period from 1 January 2024 to 31 March 2025

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	5

Statement of income and retained earnings	9

Statement of financial position	10

Statement of cash flows	11

Notes to the financial statements	12

C P Cases Limited

Strategic Report

Period from 1 January 2024 to 31 March 2025

Overview and strategy

We design and manufacture rugged, impact-resistant cases, containers and electronic racks. Established for more than 50 years, with established facilities in the UK and USA, both with wellequipped factories exporting to >45 countries. Our products are available in a wide range of sizes as standard, with the opportunity for customisation to accommodate any requirements.

Financial performance

The year to 31st March 2025 has shown a further strengthening of C P Cases Ltd's Financial performance. C P Cases Ltd continues to build on cash surpluses, fund capital expenditure and all of its operations debt free and out of existing cashflows. Summary of key performance indicators:

	2025	2023
	£	£
Turnover	11,432,010	8,964,433
Gross profit	5,223,757	3,730,350
Gross profit margin (%)	46	41
Net assets	5,558,996	5,256,363

The major factors that have contributed to the favourable performance is our UK based customers repeating to the same levels as 2023 and CP's overseas sales increasing with many blue chip companies choosing CP Cases Ltd to design and manufacture a quality product in large quantities. The factory has undergone refurbishments and CP Cases has many long-term serving employees that contribute to the high standards and efficiency to serve our customers. Overheads are controlled efficiently and our pre-tax profits for 2025 are £2.016m.

Future plans

The directors are driven to continue with the long-term plans for the organisation to develop and implement growth.

Risks and uncertainties

The directors have considered various relevant market and economic risks that may materially impact the business including supplier and customer credit terms, changes in interest rates, cashflow, pricing, market competition and current business trading trends to understand and model the financial impact. The directors have also considered the impact of increased interest rates, inflation and global affairs, with particular reference to how these may disrupt their business model, strategy and operations. The directors have considered the effects and believe that these will not significantly impact the ability to trade, or going concern. Taking into account all of the above risks and the options available to mitigate them, the directors are satisfied that the financial statements should continue to be prepared on a going concern basis and that there are no material foreseeable risks to the business that haven't been assessed or disclosed.

This report was approved by the board of directors on 20 August 2025 and signed on behalf of the board by:

Mr P M Ross

Director

Registered office:

4 Comet House

Calleva Park

Aldermaston

Berkshire

England

RG7 8JA

C P Cases Limited

Directors' Report

Period from 1 January 2024 to 31 March 2025

The directors present their report and the financial statements of the company for the period ended 31 March 2025 .

Directors

The directors who served the company during the period were as follows:

Mr P M Ross
Mr K M Y Akoul	(Appointed 25 March 2025)
Mr A Heder	(Appointed 25 March 2025)
Mr A T Lister	(Appointed 25 March 2025)
Mr D J Seall	(Resigned 16 July 2024)
Mr R E M Stuart	(Served from 17 July 2024 to 25 March 2025)
Ms H C King	(Served from 16 July 2024 to 17 July 2024)

Dividends

Particulars of recommended dividends are detailed in note 11 to the financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 20 August 2025 and signed on behalf of the board by:

Mr P M Ross

Director

Registered office:

4 Comet House

Calleva Park

Aldermaston

Berkshire

England

RG7 8JA

C P Cases Limited

Independent Auditor's Report to the Members of C P Cases Limited

Period from 1 January 2024 to 31 March 2025

Qualified opinion

We have audited the financial statements of C P Cases Limited (the 'company') for the period ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, except for the effects of the matter described in the basis for qualified opinion section of our report, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion

We were not appointed as the auditor of the company until after 31 December 2023 and thus did not observe the counting of physical inventories at the end of the prior year end. We have undertaken other testing to give comfort over the value of stock held at the prior year end, however cannot completely satisfy ourselves by alternative means concerning the inventory quantities existence as at 31 December 2023, which is included in the balance sheet at £765,083. Although, from our alternate testing, we we have no reason to believe that the value in the accounts for inventory is incorrect, we were unable to determine whether any adjustment to this amount was necessary with regards to existence.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. As described in the basis for qualified audit opinion section of our audit report, we were unable to satisfy ourselves completely concerning the inventory quantities of £765,083 held at 31 December 2023. We have concluded that where the other information refers to the inventory balance or related business such as cost of sales, although we have no reason to believe it is, it may be materially misstated for the same reason.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered; the nature of the industry, control environment and business performance with particular reference to the Company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets. We also consider the results of our enquiries of management and the Audit Committee, relating to their own identification and assessment of the risks of irregularities and possible related fraud. This includes reviewing available documentation on their policies and procedures and performing tests of controls to evidence their effectiveness. Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end, posting of unusual journals and manipulating the Company's performance measures to meet remuneration targets and bank covenants. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit. Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Collyer MSc ACA

(Senior Statutory Auditor)

For and on behalf of

Burgess Hodgson Audit Limited

Chartered accountants & statutory auditor

Camburgh House

27 New Dover Road

Canterbury

Kent

CT1 3DN

13 October 2025

C P Cases Limited

Statement of Income and Retained Earnings

Period from 1 January 2024 to 31 March 2025

		Period from
		1 Jan 24 to	Year to
		31 Mar 25	31 Dec 23
Note		£	£
Turnover	4	11,432,010	8,964,433

Cost of sales	6,208,253	5,234,083
	-------------	------------
Gross profit	5,223,757	3,730,350

Distribution costs		100,708	64,204
Administrative expenses		3,195,563	2,496,860
		------------	------------
Operating profit	5	1,927,486	1,169,286

Other interest receivable and similar income	9	88,293	545
		------------	------------
Profit before taxation		2,015,779	1,169,831

Tax on profit	10	513,146	243,580
		------------	------------
Profit for the financial period and total comprehensive income		1,502,633	926,251
		------------	------------

Dividends paid and payable	11	( 1,200,000)	( 764,980)

Retained earnings at the start of the period	5,080,859	4,919,588
	------------	------------
Retained earnings at the end of the period	5,383,492	5,080,859
	------------	------------

All the activities of the company are from continuing operations.

C P Cases Limited

Statement of Financial Position

31 March 2025

	31 Mar 25	31 Dec 23
Note	£	£

Fixed assets

Intangible assets	12	67,626	77,287
Tangible assets	13	425,684	540,724
		---------	---------
		493,310	618,011

Current assets

Stocks	14	934,823	765,083
Debtors	15	3,526,141	2,662,366
Cash at bank and in hand		2,693,283	2,625,335
		------------	------------
		7,154,247	6,052,784

Creditors: amounts falling due within one year	16	1,965,234	1,254,251
		------------	------------
Net current assets		5,189,013	4,798,533
		------------	------------
Total assets less current liabilities		5,682,323	5,416,544

Provisions	17	123,327	160,181
		------------	------------
Net assets		5,558,996	5,256,363
		------------	------------

Capital and reserves

Called up share capital	20	62,000	62,000
Revaluation reserve	21	100,000	100,000
Capital redemption reserve	21	13,504	13,504
Profit and loss account	21	5,383,492	5,080,859
		------------	------------
Shareholders funds		5,558,996	5,256,363
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:

Mr P M Ross

Director

Company registration number: 01111889

C P Cases Limited

Statement of Cash Flows

Period from 1 January 2024 to 31 March 2025

	31 Mar 25	31 Dec 23
	£	£

Cash flows from operating activities

Profit for the financial period	1,502,633	926,251

Adjustments for:
Depreciation of tangible assets	288,407	202,685
Amortisation of intangible assets	9,661	22,713
Other interest receivable and similar income	( 88,293)	( 545)
Tax on profit	513,146	243,580
Accrued expenses	208,693	171,138

Changes in:
Stocks	( 169,740)	165,477
Trade and other debtors	( 872,675)	728,575
Trade and other creditors	161,190	( 200,827)
	------------	------------
Cash generated from operations	1,553,022	2,259,047

Interest received	88,293	545
Tax paid	( 200,000)	( 402)
	------------	------------
Net cash from operating activities	1,441,315	2,259,190
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 173,367)	( 159,397)
	------------	------------
Net cash used in investing activities	( 173,367)	( 159,397)
	------------	------------

Cash flows from financing activities

Dividends paid	( 1,200,000)	( 764,980)
	------------	------------
Net cash used in financing activities	( 1,200,000)	( 764,980)
	------------	------------

Net increase in cash and cash equivalents	67,948	1,334,813
Cash and cash equivalents at beginning of period	2,625,335	1,290,522
	------------	------------
Cash and cash equivalents at end of period	2,693,283	2,625,335
	------------	------------

C P Cases Limited

Notes to the Financial Statements

Period from 1 January 2024 to 31 March 2025

(continued)

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Comet House, Calleva Park, Aldermaston, Berkshire, RG7 8JA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	20% straight line
Patents, trademarks and licences	-	20% straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and 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.

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:

Short leasehold property	-	In accordance with the property
Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£
Sale of goods	11,432,010	8,964,433
	-------------	------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£
Amortisation of intangible assets	9,661	22,713
Depreciation of tangible assets	288,407	202,685
Foreign exchange differences	( 57,424)	( 68,185)
	---------	---------

6. Auditor's remuneration

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£
Fees payable for the audit of the financial statements	20,000	21,500
	--------	--------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	3,200	16,750
	--------	--------

7. Staff costs

The average number of persons employed by the company during the period, including the directors, amounted to:

	31 Mar 25	31 Dec 23
	No.	No.
Administrative and production staff	56	51
	----	----

The aggregate payroll costs incurred during the period, relating to the above, were:

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£
Wages and salaries	560,979	460,302
Social security costs	53,827	54,833
Other pension costs	417,014	382,211
	------------	---------
	1,031,820	897,346
	------------	---------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£
Remuneration	107,683	82,478
Company contributions to defined contribution pension plans	300,000	300,000
	---------	---------
	407,683	382,478
	---------	---------

9. Other interest receivable and similar income

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£
Interest on bank deposits	88,293	545
	--------	----

10. Tax on profit

Major components of tax expense

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£

Current tax:

UK current tax expense	550,000	254,402

Deferred tax:

Origination and reversal of timing differences	( 36,854)	( 10,822)
	---------	---------
Tax on profit	513,146	243,580
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the period is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 24 %).

	Period from
	1 Jan 24 to	Year to
	31 Mar 25	31 Dec 23
	£	£
Profit on ordinary activities before taxation	2,015,779	1,169,831
	------------	------------
Profit on ordinary activities by rate of tax	515,929	275,151
Effect of expenses not deductible for tax purposes	2,896	901
Effect of capital allowances and depreciation	31,175	12,584
Utilisation of tax losses	–	( 34,234)
Effect of deferred tax provisions	( 36,854)	( 10,822)
	------------	------------
Tax on profit	513,146	243,580
	------------	------------

11. Dividends

	31 Mar 25	31 Dec 23
	£	£
Dividends paid during the period (excluding those for which a liability existed at the end of the prior period )	1,200,000	764,980
	------------	---------

12. Intangible assets

	Goodwill	Patents, trademarks and licences	Total
	£	£	£
Cost
At 1 January 2024 and 31 March 2025	19,011	113,565	132,576
	--------	---------	---------
Amortisation
At 1 January 2024	19,011	36,278	55,289
Charge for the period	–	9,661	9,661
	--------	---------	---------
At 31 March 2025	19,011	45,939	64,950
	--------	---------	---------
Carrying amount
At 31 March 2025	–	67,626	67,626
	--------	---------	---------
At 31 December 2023	–	77,287	77,287
	--------	---------	---------

13. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	267,850	1,766,426	340,578	24,350	2,399,204
Additions	28,898	84,215	60,254	–	173,367
Disposals	–	( 63,083)	–	–	( 63,083)
	---------	------------	---------	--------	------------
At 31 March 2025	296,748	1,787,558	400,832	24,350	2,509,488
	---------	------------	---------	--------	------------
Depreciation
At 1 January 2024	233,442	1,268,851	331,837	24,350	1,858,480
Charge for the period	30,924	248,662	10,278	( 1,457)	288,407
Disposals	–	( 63,083)	–	–	( 63,083)
	---------	------------	---------	--------	------------
At 31 March 2025	264,366	1,454,430	342,115	22,893	2,083,804
	---------	------------	---------	--------	------------
Carrying amount
At 31 March 2025	32,382	333,128	58,717	1,457	425,684
	---------	------------	---------	--------	------------
At 31 December 2023	34,408	497,575	8,741	–	540,724
	---------	------------	---------	--------	------------

14. Stocks

	31 Mar 25	31 Dec 23
	£	£
Raw materials and consumables	934,823	765,083
	---------	---------

15. Debtors

	31 Mar 25	31 Dec 23
	£	£
Trade debtors	2,485,892	1,462,658
Amounts owed by group undertakings	651,382	672,668
Prepayments and accrued income	276,037	386,673
Other debtors	112,830	140,367
	------------	------------
	3,526,141	2,662,366
	------------	------------

16. Creditors: amounts falling due within one year

	31 Mar 25	31 Dec 23
	£	£
Trade creditors	838,871	647,164
Accruals and deferred income	441,783	241,990
Corporation tax	604,000	254,000
Social security and other taxes	80,580	111,097
	------------	------------
	1,965,234	1,254,251
	------------	------------

17. Provisions

	Deferred tax (note 18)
	£
At 1 January 2024	160,181
Additions	( 36,854)
	---------
At 31 March 2025	123,327
	---------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	31 Mar 25	31 Dec 23
	£	£
Included in provisions (note 17)	123,327	160,181
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	31 Mar 25	31 Dec 23
	£	£
Provisions	123,327	160,181
	---------	---------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 417,014 (2023: £ 382,211 ).

20. Called up share capital

Issued, called up and fully paid

	31 Mar 25		31 Dec 23
	No.	£	No.	£
Ordinary A shares of £ 1 each	60,000	60,000	60,000	60,000
Ordinary B shares of £ 1 each	2,000	2,000	2,000	2,000
	--------	--------	--------	--------
	62,000	62,000	62,000	62,000
	--------	--------	--------	--------

21. Reserves

At the year end date, the entity held a capital redemption reserve of £13,504 (2023: £13,504), recording the nominal value of shares repurchased by the company. At the year end date, the entity held a revaluation reserve of £100,000 (2023: £100,000) with respect to short leasehold property held by the entity. This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.

22. Analysis of changes in net debt

	At 1 Jan 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	2,625,335	67,948	2,693,283
	------------	--------	------------

C P Cases Limited

Notes to the Financial Statements (continued)

Period from 1 January 2024 to 31 March 2025

23. Related party transactions

During the year sales of £1,158,909 (2023: £460,860) were made to group companies and purchases of £30,228 (2023: £11,770) were made from group companies. At the year end there were trade debtors of £802,158 (2023: £131,132) and loan debtors of £651,382 (2023: £672,668) owed from group companies.

24. Controlling party

CP Global Limited is deemed to be the parent company of the entity, holding 100% of the shares in issue. CP Global Limited is a company registered in England and Wales (company number 04103195). The parent company's registered office address is 4 Comet House, Calleva Park, Aldermanston, Berkshire, England, RG7 8JA .