IRIS Accounts Production v26.1.0.640 04703674 Board of Directors Board of Directors Board of Directors 1.2.25 31.1.26 31.1.26 false true false false true false 74990 1177 76167 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04703674 2025-01-31 04703674 2026-01-31 04703674 2025-02-01 2026-01-31 04703674 2024-01-31 04703674 2024-02-01 2025-01-31 04703674 2025-01-31 04703674 ns15:EnglandWales 2025-02-01 2026-01-31 04703674 ns14:PoundSterling 2025-02-01 2026-01-31 04703674 ns10:Director1 2025-02-01 2026-01-31 04703674 ns10:Director2 2025-02-01 2026-01-31 04703674 ns10:Director3 2025-02-01 2026-01-31 04703674 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 04703674 ns10:SmallEntities 2025-02-01 2026-01-31 04703674 ns10:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 04703674 ns10:SmallCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-31 04703674 ns10:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 04703674 ns10:FullAccounts 2025-02-01 2026-01-31 04703674 44 ns10:Director4 2024-01-31 04703674 44 ns10:Director4 2024-02-01 2025-01-31 04703674 ns10:Director4 2025-02-01 2026-01-31 04703674 ns10:CompanySecretary1 2025-02-01 2026-01-31 04703674 ns10:RegisteredOffice 2025-02-01 2026-01-31 04703674 ns5:CurrentFinancialInstruments 2026-01-31 04703674 ns5:CurrentFinancialInstruments 2025-01-31 04703674 ns5:Non-currentFinancialInstruments 2026-01-31 04703674 ns5:Non-currentFinancialInstruments 2025-01-31 04703674 ns5:ShareCapital 2026-01-31 04703674 ns5:ShareCapital 2025-01-31 04703674 ns5:RetainedEarningsAccumulatedLosses 2026-01-31 04703674 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 04703674 ns5:PlantMachinery 2025-02-01 2026-01-31 04703674 ns5:MotorVehicles 2025-02-01 2026-01-31 04703674 ns5:ComputerEquipment 2025-02-01 2026-01-31 04703674 ns5:LeaseholdImprovements 2025-01-31 04703674 ns5:PlantMachinery 2025-01-31 04703674 ns5:MotorVehicles 2025-01-31 04703674 ns5:ComputerEquipment 2025-01-31 04703674 ns5:LeaseholdImprovements 2025-02-01 2026-01-31 04703674 ns5:LeaseholdImprovements 2026-01-31 04703674 ns5:PlantMachinery 2026-01-31 04703674 ns5:MotorVehicles 2026-01-31 04703674 ns5:ComputerEquipment 2026-01-31 04703674 ns5:LeaseholdImprovements 2025-01-31 04703674 ns5:PlantMachinery 2025-01-31 04703674 ns5:MotorVehicles 2025-01-31 04703674 ns5:ComputerEquipment 2025-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-01-31 04703674 ns5:LeasedAssetsHeldAsLessee 2025-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-02-01 2026-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-02-01 2026-01-31 04703674 ns5:LeasedAssetsHeldAsLessee 2025-02-01 2026-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2026-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2026-01-31 04703674 ns5:LeasedAssetsHeldAsLessee 2026-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-01-31 04703674 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-01-31 04703674 ns5:LeasedAssetsHeldAsLessee 2025-01-31 04703674 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-31 04703674 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 04703674 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2026-01-31 04703674 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-01-31 04703674 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2026-01-31 04703674 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-01-31 04703674 ns5:HirePurchaseContracts 2026-01-31 04703674 ns5:HirePurchaseContracts 2025-01-31 04703674 ns5:WithinOneYear 2026-01-31 04703674 ns5:WithinOneYear 2025-01-31 04703674 ns5:BetweenOneFiveYears 2026-01-31 04703674 ns5:BetweenOneFiveYears 2025-01-31 04703674 ns5:MoreThanFiveYears 2026-01-31 04703674 ns5:MoreThanFiveYears 2025-01-31 04703674 ns5:AllPeriods 2026-01-31 04703674 ns5:AllPeriods 2025-01-31 04703674 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 04703674 ns5:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-31 04703674 ns10:Director1 1 2025-01-31 04703674 ns10:Director1 1 2024-01-31 04703674 ns10:Director1 1 2025-02-01 2026-01-31 04703674 ns10:Director1 1 2024-02-01 2025-01-31 04703674 ns10:Director1 1 2026-01-31 04703674 ns10:Director1 1 2025-01-31

REGISTERED NUMBER: 04703674 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

CP Nitro Ltd

| CP Nitro Ltd (Registered number: 04703674) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 9 |

| CP Nitro Ltd |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | M D Barnes

| Mrs C E Barnes

| Mrs T J Hayden

| C A Barnes

| SECRETARY: | Mrs C E Barnes

| REGISTERED OFFICE: | 27F Pennygillam Way

| Launceston

| Cornwall

| PL15 7ED

| REGISTERED NUMBER: | 04703674 (England and Wales)

| ACCOUNTANTS: | UHY Peninsula

| 9 Western Road

| Launceston

| Cornwall

| PL15 7AR

| CP Nitro Ltd (Registered number: 04703674) |

Balance Sheet

31 January 2026

| 31.1.26 | 31.1.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 404,860 |  | 405,284 |  |

CURRENT ASSETS

Stocks | 51,336 |  | 55,935 |  |

Debtors | 5 | 121,605 |  | 96,253 |  |

Cash at bank and in hand | 242,675 |  | 175,944 |  |

415,616 |  | 328,132 |  |

CREDITORS

Amounts falling due within one year | 6 | 355,033 |  | 266,665 |  |

NET CURRENT ASSETS | 60,583 |  | 61,467 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 465,443 |  | 466,751 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (61,652 | ) | (86,126 | ) |

PROVISIONS FOR LIABILITIES | (90,766 | ) | (90,281 | ) |

NET ASSETS | 313,025 |  | 290,344 |  |

CAPITAL AND RESERVES

Called up share capital | 1,320 |  | 1,320 |  |

Retained earnings | 10 | 311,705 |  | 289,024 |  |

SHAREHOLDERS' FUNDS | 313,025 |  | 290,344 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

| CP Nitro Ltd (Registered number: 04703674) |

Balance Sheet - continued

31 January 2026

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 2 April 2026 and were signed on its behalf by:

M D Barnes - Director | C A Barnes - Director

Mrs T J Hayden - Director

| CP Nitro Ltd (Registered number: 04703674) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| CP Nitro 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 15% on reducing balance

| Stocks

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

| 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.

| CP Nitro Ltd (Registered number: 04703674) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2025 - 24 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2025 | 4,791 |  | 918,968 |  | 562,452 |  | 52,613 |  | 1,538,824 |  |

| Additions | - |  | 32,001 |  | 78,550 |  | 2,435 |  | 112,986 |  |

| Disposals | - |  | - |  | (39,640 | ) | - |  | (39,640 | ) |

| At 31 January 2026 | 4,791 |  | 950,969 |  | 601,362 |  | 55,048 |  | 1,612,170 |  |

| DEPRECIATION

| At 1 February 2025 | - |  | 792,743 |  | 300,625 |  | 40,172 |  | 1,133,540 |  |

| Charge for year | - |  | 22,304 |  | 84,060 |  | 2,229 |  | 108,593 |  |

| Eliminated on disposal | - |  | - |  | (34,823 | ) | - |  | (34,823 | ) |

| At 31 January 2026 | - |  | 815,047 |  | 349,862 |  | 42,401 |  | 1,207,310 |  |

| NET BOOK VALUE

| At 31 January 2026 | 4,791 |  | 135,922 |  | 251,500 |  | 12,647 |  | 404,860 |  |

| At 31 January 2025 | 4,791 |  | 126,225 |  | 261,827 |  | 12,441 |  | 405,284 |  |

| CP Nitro Ltd (Registered number: 04703674) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 February 2025 | - |  | 154,494 |  | 154,494 |  |

| Additions | - |  | 57,555 |  | 57,555 |  |

| Reclassification/transfer | 7,500 |  | - |  | 7,500 |  |

| At 31 January 2026 | 7,500 |  | 212,049 |  | 219,549 |  |

| DEPRECIATION

| At 1 February 2025 | - |  | 66,471 |  | 66,471 |  |

| Charge for year | 956 |  | 36,396 |  | 37,352 |  |

| Reclassification/transfer | 1,125 |  | - |  | 1,125 |  |

| At 31 January 2026 | 2,081 |  | 102,867 |  | 104,948 |  |

| NET BOOK VALUE

| At 31 January 2026 | 5,419 |  | 109,182 |  | 114,601 |  |

| At 31 January 2025 | - |  | 88,023 |  | 88,023 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Trade debtors | 100,717 |  | 73,991 |  |

| Other debtors | 20,888 |  | 22,262 |  |

121,605 |  | 96,253 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Bank loans and overdrafts | 3,334 |  | 10,000 |  |

| Hire purchase contracts (see note 8) | 76,046 |  | 30,662 |  |

| Trade creditors | 98,212 |  | 63,193 |  |

| Taxation and social security | 139,030 |  | 126,103 |  |

| Other creditors | 38,411 |  | 36,707 |  |

355,033 |  | 266,665 |  |

| CP Nitro Ltd (Registered number: 04703674) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Hire purchase contracts (see note 8) | 61,652 |  | 82,792 |  |

| Other creditors | - |  | 3,334 |  |

61,652 |  | 86,126 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31.1.26 |  | 31.1.25 |

£ | £ |

| Net obligations repayable:

| Within one year | 76,046 |  | 30,662 |  |

| Between one and five years | 61,652 |  | 82,792 |  |

137,698 |  | 113,454 |  |

| Non-cancellable |

| operating leases |

| 31.1.26 |  | 31.1.25

£ | £ |

| Within one year | 38,000 |  | 38,000 |  |

| Between one and five years | 152,000 |  | 152,000 |  |

| In more than five years | 152,000 |  | 190,000 |  |

342,000 |  | 380,000 |  |

| The lease for the rental of the unit at 27F Pennygillam Way, Launceston commenced on 29 October 2024 and is paid on a quarterly basis.

| The lease for the rental of the depot at Ringwood has now expired and rent is paid on a quarterly basis.

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.1.26 |  | 31.1.25

£ | £ |

| Hire purchase contracts | 137,698 |  | 113,454 |  |

| Hire purchase and finance lease commitments are secured on the relevant assets

| CP Nitro Ltd (Registered number: 04703674) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

10. | RESERVES

| Retained

| earnings

£ |

| At 1 February 2025 | 289,024 |  |

| Profit for the year | 152,681 |  |

| Dividends | (130,000 | ) |

| At 31 January 2026 | 311,705 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

| 31.1.26 |  | 31.1.25

£ | £ |

| M D Barnes and Mrs C E Barnes

| Balance outstanding at start of year | - |  | 74,990 |  |

| Amounts advanced | - |  | 1,177 |  |

| Amounts repaid | - |  | (76,167 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

12. | RELATED PARTY DISCLOSURES

| The company paid rent of £840 to Mr and Mrs C E Barnes and £312 to Ms T Hayden.

| During the year total dividends of £105,000 (2025 £144,930) were paid to the directors.

13. | ULTIMATE CONTROLLING PARTY

| No one director or shareholder has control of the company

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

CP Nitro Ltd

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 CP Nitro Ltd for the year ended 31 January 2026 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 CP Nitro 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 CP Nitro Ltd and state those matters that we have agreed to state to the Board of Directors of CP Nitro 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 CP Nitro Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CP Nitro 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 CP Nitro Ltd. You consider that CP Nitro 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 CP Nitro 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.

UHY Peninsula

9 Western Road

Launceston

Cornwall

PL15 7AR

2 April 2026