REGISTERED NUMBER: 05622250 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JANUARY 2025

FOR

CP ASSEMBLY LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Property, plant and equipment

4

4,842

5,697

CURRENT ASSETS

Inventories

113,538

126,859

Debtors

5

105,084

138,042

Cash at bank

29,423

86,536

248,045

351,437

CREDITORS

Amounts falling due within one year

6

(152,088

)

(228,950

)

NET CURRENT ASSETS

95,957

122,487

TOTAL ASSETS LESS CURRENT LIABILITIES

100,799

128,184

CREDITORS

Amounts falling due after more than one year

7

(5,563

)

(15,696

)

PROVISIONS FOR LIABILITIES

(920

)

(1,082

)

NET ASSETS

94,316

111,406

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

94,216

111,306

94,316

111,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

A R Dyche - Director

1.	STATUTORY INFORMATION

CP Assembly Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05622250

Registered office:

Unit 2A Brown Lees Road Industrial Estat

Forge Way

Knypersley

Stoke-On-Trent

Staffordshire

ST8 7DN

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.

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

SIGNIFICANT JUDGEMENTS AND ESTIMATES

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.

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% reducing balance from date purchased

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

STOCKS

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

At 31 January 2024

and 30 January 2025

3,105

34,569

37,674

DEPRECIATION

At 31 January 2024

3,105

28,872

31,977

Charge for year

-

855

855

At 30 January 2025

3,105

29,727

32,832

NET BOOK VALUE

At 30 January 2025

-

4,842

4,842

At 30 January 2024

-

5,697

5,697

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.25

30.1.24

£

£

Trade debtors

98,096

126,746

Other debtors

6,988

11,296

105,084

138,042

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.25

30.1.24

£

£

Bank loans and overdrafts

8,334

8,334

Trade creditors

39,372

32,350

Taxation and social security

32,739

60,633

Other creditors

71,643

127,633

152,088

228,950

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.1.25

30.1.24

£

£

Bank loans

5,563

15,696

8.	SECURED DEBTS

The factoring account is secured by a fixed and floating charge covering all property and assets of the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 January 2025 and the period ended 30 January 2024:

30.1.25

30.1.24

£

£

A R Dyche

Balance outstanding at start of year

4,949

6,931

Amounts advanced

24,953

27,230

Amounts repaid

(29,212

)

(29,212

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

690

4,949

L M Breakwell

Balance outstanding at start of year

3,147

7,059

Amounts advanced

27,623

24,400

Amounts repaid

(28,312

)

(28,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,458

3,147

The advance is unsecured, repayable on demand and interest fee.

10.	EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.