Control and Power Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02897753 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

CONTROL AND POWER SYSTEMS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C Spencer

P M I'Anson

REGISTERED OFFICE:

Unit 7-8 Manor Court

Eastfield

Scarborough

North Yorkshire

YO11 3TU

REGISTERED NUMBER:

02897753 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

75,582

73,509

CURRENT ASSETS

Inventories

144,263

66,106

Debtors

5

368,357

459,234

Cash at bank and in hand

1,166,803

975,556

1,679,423

1,500,896

CREDITORS

Amounts falling due within one year

6

665,136

480,023

NET CURRENT ASSETS

1,014,287

1,020,873

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,089,869

1,094,382

PROVISIONS FOR LIABILITIES

9,876

11,963

NET ASSETS

1,079,993

1,082,419

CAPITAL AND RESERVES

Called up share capital

50

Capital redemption reserve

50

Retained earnings

1,079,893

1,082,319

SHAREHOLDERS' FUNDS

1,079,993

1,082,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 10 August 2026 and were signed on its behalf by:

P M I'Anson - Director

1.	STATUTORY INFORMATION

Control and Power Systems Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

The management consider that no significant judgements have had to made in preparing these financial statements.

Critical accounting estimates and assumptions

Revenue

The management have assessed the stage of completion on contracts at the balance sheet date based on previous experience and all available knowledge and information. Revenue is recognised according to management's assessment of the stage of completion of each contract at the balance sheet date.

The directors do not consider that any estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover comprises goods and services supplied, net of value added tax and trade discounts. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs.

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 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.

Leasing commitments

Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a straight line basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits

Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

Going concern

The directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2025 - 19 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 May 2025

132,434

55,589

47,072

50,385

285,480

Additions

16,743

-

6,969

23,712

Disposals

(62

)

(142

)

-

(204

)

At 30 April 2026

149,115

55,447

47,072

57,354

308,988

DEPRECIATION

At 1 May 2025

115,818

43,917

8,600

43,636

211,971

Charge for year

2,893

1,747

11,768

5,208

21,616

Eliminated on disposal

(59

)

(122

)

-

(181

)

At 30 April 2026

118,652

45,542

20,368

48,844

233,406

NET BOOK VALUE

At 30 April 2026

30,463

9,905

26,704

8,510

75,582

At 30 April 2025

16,616

11,672

38,472

6,749

73,509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

251,902

319,092

Amounts owed by group undertakings

16,000

Other debtors

100,455

124,142

368,357

459,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

280,498

184,975

Taxation and social security

167,350

153,672

Other creditors

217,288

141,376

665,136

480,023

7.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £118,246 (2025- £175,088).