REGISTERED NUMBER: 14009371 (England and Wales)

C&P Commercials Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Director:

J Cockburn

Registered office:

South Farm

South Road

Belford

Northumberland

NE70 7DP

Registered number:

14009371 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

36,705

25,967

Current assets

Stocks

7,325

29,038

Debtors

5

51,416

30,393

Cash at bank

12,706

10,775

71,447

70,206

Creditors

Amounts falling due within one year

6

84,274

83,836

Net current liabilities

(12,827

)

(13,630

)

Total assets less current liabilities

23,878

12,337

Creditors

Amounts falling due after more than one year

7

(1,000

)

(8,000

)

Provisions for liabilities

(6,974

)

(4,085

)

Net assets

15,904

252

Capital and reserves

Called up share capital

100

100

Retained earnings

15,804

152

15,904

252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30th December 2025 and were signed by:

J Cockburn - Director

1.	Statutory information

C&P Commercials 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.

Turnover

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

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

Straight line over 4 years

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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.

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 Statement of Income and Retained Earnings.

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 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

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 set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st April 2024

19,674

12,950

1,106

33,730

Additions

16,240

-

-

16,240

At 31st March 2025

35,914

12,950

1,106

49,970

Depreciation

At 1st April 2024

3,283

4,181

299

7,763

Charge for year

3,030

2,193

279

5,502

At 31st March 2025

6,313

6,374

578

13,265

Net book value

At 31st March 2025

29,601

6,576

528

36,705

At 31st March 2024

16,391

8,769

807

25,967

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

28,185

30,393

Other debtors

23,231

-

51,416

30,393

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

47,878

35,567

Taxation and social security

21,396

29,841

Other creditors

15,000

18,428

84,274

83,836

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

1,000

8,000

8.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 31st March 2025:

2025

2024

£

£

Director 1

Balance outstanding at start of year

-

-

Amounts advanced

39,641

-

Amounts repaid

(16,410

)

-

Balance outstanding at end of year

23,231

-

This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.

9.	Post balance sheet events

On 30th December 2025 a final dividend of £240 per share was declared in respect of the year ended 31st March 2025.