Accounts filed on 31-03-2019

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			Company registration number:			05089007
CPM MOULD SOLUTIONS LIMITED
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2019

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CPM MOULD SOLUTIONS LIMITED
BALANCE SHEET
AS AT 31 March 2019
					2019				2018
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			48,183				41,580
							48,183				41,580
CURRENT ASSETS
Stocks					3,218				3,218
Debtors					128,330				45,353
Cash at bank and in hand					74,512				59,752
					206,060				108,323
CREDITORS
Amounts falling due within one year					(135,702)				(81,111)
NET CURRENT ASSETS							70,358				27,212
TOTAL ASSETS LESS
CURRENT LIABILITIES							118,541				68,792
Creditors falling due after one year							(5,499)				(13,059)
NET ASSETS							113,042				55,733
CAPITAL AND RESERVES
Called-up equity share capital							100				100
Profit and loss account							112,942				55,633
SHAREHOLDERS FUNDS							113,042				55,733
For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 29 July 2019 and signed on its behalf.
All members have consented to the preparation of these abridged financial statements.
..........................................................................
Mark Harris - Director
29 July 2019
The annexed notes form part of these financial statements.

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CPM MOULD SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign Currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 25% per annum reducing balance

Fixtures and Fittings - 33 % per annum of cost

Stocks and Work In Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension Scheme

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.

Employees

The average number of persons employed by the company (including directors during the year was 1 (2018 : 3).

3.	Tangible fixed assets
				Total
	Cost
	At start of period			113,076
	Additions			17,521
	At end of period			130,597
	Depreciation
	At start of period			71,496
	Provided during the period			10,918
	At end of period			82,414
	Net Book Value
	At start of period			41,580
	At end of period			48,183

4.

Creditors due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £7,101 (2018 £7,101). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

5.

Creditors due after more than one year

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £5,499 (2018 £13,059). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

6.

Directors' advances, credits and guarantees

At the 31st March 2019 Mr M Harris was owed £34,984 by the company.