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Registration number: 05589427

Control Panels and Installations Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Control Panels and Installations Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Control Panels and Installations Ltd

(Registration number: 05589427)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,602,660 | 1,602,660
Current assets |  |  |
Debtors | 5 | 1,019,719 | 1,263,659
Cash at bank and in hand |  | 3,572 | 1,628
|  | 1,023,291 | 1,265,287
Creditors: Amounts falling due within one year | 6 | (1,825,771) | (1,833,638)
Net current liabilities |  | (802,480) | (568,351)
Total assets less current liabilities |  | 800,180 | 1,034,309
Creditors: Amounts falling due after more than one year | 6 | (552,755) | (511,800)
Provisions for liabilities |  | (59,571) | (59,571)
Net assets |  | 187,854 | 462,938
Capital and reserves |  |  |
Called up share capital | 7 | 110 | 110
Revaluation reserve |  | 187,338 | 187,338
Retained earnings |  | 406 | 275,490
Shareholders' funds |  | 187,854 | 462,938

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 January 2026 and signed on its behalf by:

......................................... R S Bride Director

Control Panels and Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lakeside
Hoop End
Tetney
Grimsby
North East Lincolnshire
DN36 5LB
United Kingdom

These financial statements were authorised for issue by the Board on 20 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements are prepared in accordance with the Financial Reporting Standard 102 Section 1A for the first time. There have been no transitional adjustments.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements show the position of Control Panels and Installations Limited as an individual entity, the company not forming part of a group.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The accounts have been prepared on a going concern basis

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Control Panels and Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Control Panels and Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 8 (2024 - 8).

4 | Investment properties

| 2025 £
At 1 September | 1,602,660
At 31 August | 1,602,660

The fair value of the company's investment properties was determined by the Directors on 31 August 2025.

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 53,691 | 20,736
Prepayments | 4,387 | 4,897
Other debtors | 961,641 | 1,238,026
| 1,019,719 | 1,263,659

Control Panels and Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 381 | 1,796
Taxation and social security | 199,281 | 189,664
Accruals and deferred income | 5,399 | 5,300
Other creditors | 1,620,710 | 1,636,878
| 1,825,771 | 1,833,638

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 552,755 | 511,800

| 2025 £ | 2024 £
Due after more than five years |  |
| - | -

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100
Ordinary B of £1 each | 10 | 10 | 10 | 10
| 110 | 110 | 110 | 110

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 552,755 | 511,800

Control Panels and Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9 | Related party transactions

Transactions with Directors

2025 | At 1 September 2024 £ | Advances to Director £ | Repayments by Director £ | At 31 August 2025 £
R S Bride
Overdrawn director's loan account - interest charged at HMRC official rate of interest | 554,884 | 27,628 | (239,039) | 343,473
J Bride
Overdrawn director's loan account - interest charged at HMRC official rate | 554,884 | 27,628 | (239,039) | 343,473
J R Bride
Overdrawn director's loan account - interest charged at HMRC official rate | 8,700 | - | - | 8,700
K Bride
Overdrawn director's loan account - interest charged at HMRC official rate | 8,700 | - | - | 8,700

2024 | At 1 September 2023 £ | Advances to Director £ | Repayments by Director £ | At 31 August 2024 £
R S Bride
Overdrawn director's loan account - interest charged at HMRC official rate of interest | 830,373 | 281,647 | (557,136) | 554,884
J Bride
Overdrawn director's loan account - interest charged at HMRC official rate | 830,372 | 281,647 | (557,135) | 554,884
J R Bride
Overdrawn director's loan account - interest charged at HMRC official rate | 8,700 | - | - | 8,700
K Bride
Overdrawn director's loan account - interest charged at HMRC official rate | 8,700 | - | - | 8,700