Accounts filed on 31-03-2020

			Company registration number:		05089007
CPM MOULD SOLUTIONS LIMITED
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2020

CPM MOULD SOLUTIONS LIMITED
BALANCE SHEET
AS AT 31 March 2020
					2020				2019
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			36,137				48,183
							36,137				48,183
CURRENT ASSETS
Stocks					109,832				3,218
Debtors					63,484				128,330
Cash at bank and in hand					64,724				74,512
					238,040				206,060
CREDITORS
Amounts falling due within one year					(138,231)				(135,702)
NET CURRENT ASSETS							99,809				70,358
TOTAL ASSETS LESS
CURRENT LIABILITIES							135,946				118,541
Creditors falling due after one year							(0)				(5,499)
NET ASSETS							135,946				113,042
CAPITAL AND RESERVES
Called-up equity share capital							100				100
Profit and loss account							135,846				112,942
SHAREHOLDERS FUNDS							135,946				113,042
For the year ending 31 March 2020 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.
All the members have consented to the preparation of abridged financial statements for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
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 23 December 2020 and signed on its behalf.
..........................................................................
Mark Harris - Director
23 December 2020
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 2020

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.

3.	Tangible fixed assets
				Total
	Cost
	At start of period			130,597
	At end of period			130,597
	Depreciation
	At start of period			82,414
	Provided during the period			12,046
	At end of period			94,460
	Net Book Value
	At start of period			48,183
	At end of period			36,137

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 £5,040 (2019 £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 £0 (2019 £5,499). 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 2020 Mr M Harris was owed £14,442 (2019 - £34,984) by the company.

7.

Pension costs

The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year £1,800 was contributed (2019- £1,800).