C P Power & Automation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03776491 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

C P POWER & AUTOMATION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Melia

Dr E Melia

SECRETARY:

Dr E Melia

REGISTERED OFFICE:

Seven Stars House

1 Wheler Road

Coventry

West Midlands

CV3 4LB

REGISTERED NUMBER:

03776491 (England and Wales)

FIXED ASSETS

Tangible assets

4

7,266

10,173

CURRENT ASSETS

Stocks

25,040

32,159

Debtors

34,155

59,966

Cash at bank

237,386

247,220

296,581

339,345

CREDITORS

Amounts falling due within one year

61,184

129,432

NET CURRENT ASSETS

235,397

209,913

TOTAL ASSETS LESS CURRENT LIABILITIES

242,663

220,086

PROVISIONS FOR LIABILITIES

1,190

1,700

NET ASSETS

241,473

218,386

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

241,373

218,286

SHAREHOLDERS' FUNDS

241,473

218,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 2 March 2020 and were signed on its behalf by:

D Melia - Director

1.	STATUTORY INFORMATION

C P Power & Automation 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 company's place of business address is 3 Fairfield Court, Seven Stars Industrial Estate, Coventry, CV3 4LJ.

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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year.

The company has shortened its reporting period to 6 months in order to show that the company has quickly

recovered from last year. The company will return to annual financial statements. Consequently the comparative

amounts presented in the financial statements (including related notes) are not entirely comparable.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains 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, fixtures & fittings

-

25% on reducing balance

Fixtures & fittings

-

25% on cost

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.

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 4 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2018

40,162

Additions

97

At 30 November 2019

40,259

DEPRECIATION

At 1 December 2018

29,989

Charge for year

3,004

At 30 November 2019

32,993

NET BOOK VALUE

At 30 November 2019

7,266

At 30 November 2018

10,173

5.	SECURED LIABILITIES

In relation to the names, logos and domain names of the company; C Holt & J Holt hold a fixed charge and a

floating charge covering all property and undertakings of the company.