Complete Ceiling & Partitioning Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3710713

COMPLETE CEILING & PARTITIONING SYSTEMS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

COMPLETE CEILING & PARTITIONING SYSTEMS LIMITED

BALANCE SHEET

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		188,152		187,984

Current assets

Debtors	6	627,334	660,137
Cash at bank and in hand		258,439	37
		--------	--------
		885,773	660,174

Creditors: amounts falling due within one year	7	( 774,311)		( 778,823)
		--------		--------
Net current assets/(liabilities)			111,462		( 118,649)
			--------		--------
Total assets less current liabilities			299,614		69,335

Creditors: amounts falling due after more than one year	8	( 8,333)	( 58,333)
		--------	-------
Net assets		291,281	11,002
		--------	-------

Capital and reserves

Called up share capital	9	200	200
Profit and loss account		291,081	10,802
		--------	-------
Total shareholders' funds		291,281	11,002
		--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 November 2025 , and are signed on behalf of the board by:

G Rath

Director

Company registration number: 3710713

COMPLETE CEILING & PARTITIONING SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Bucks, HP18 0RA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	20% straight line
Plant and machinery	-	25% straight line
Office equipment	-	25% straight line
Motor vehicles	-	25% straight line
Computer equipment	-	33% straight line

Investment property

Investment properties are initially recognised at cost and directly attributable expenditure. Subsequent to initial recognition, investment properties are stated at fair value. Gains or losses arising from changes in the fair values are recognised in the profit and loss account in the year in which they arise. This is in accordance with FRS102 section 16 which does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Basic financial assets, which include other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, including trade and other payables, and bank loans are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to equity holders

Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	173,168	15,816	18,634	36,995	244,613
Additions	–	–	–	13,950	13,950
Disposals	–	–	–	( 5,000)	( 5,000)
	--------	-------	-------	-------	--------
At 31 March 2025	173,168	15,816	18,634	45,945	253,563
	--------	-------	-------	-------	--------
Depreciation
At 1 April 2024	10,800	13,053	13,611	19,165	56,629
Charge for the year	–	1,311	2,038	8,871	12,220
Disposals	–	–	–	( 3,438)	( 3,438)
	--------	-------	-------	-------	--------
At 31 March 2025	10,800	14,364	15,649	24,598	65,411
	--------	-------	-------	-------	--------
Carrying amount
At 31 March 2025	162,368	1,452	2,985	21,347	188,152
	--------	-------	-------	-------	--------
At 31 March 2024	162,368	2,763	5,023	17,830	187,984
	--------	-------	-------	-------	--------

The historical cost of the investment property is £173,168 (2024: £173,168). The investment property was valued at 31 March 2025 by G Rath , a director of the company and the cost of the property is considered to be a reasonable reflection of the open market value at the balance sheet date.

6. Debtors

	2025	2024
	£	£
Trade debtors	597,247	529,011
Other debtors	30,087	131,126
	--------	--------
	627,334	660,137
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	50,000	96,263
Trade creditors	155,444	106,628
Social security and other taxes	9,899	10,733
Other creditors	558,968	565,199
	--------	--------
	774,311	778,823
	--------	--------

Bank loans and overdrafts of £50,000 (2024: £96,263) are secured by a charge over the freehold property and a debenture over the company's assets.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	8,333	58,333
	------	-------

The bank loan of £8,333 (2024: £58,333) is secured by a charge over the freehold property and a debenture over the company's assets.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	20,000	200	20,000	200
	-------	----	-------	----