C.P. Services Limited Company accounts

C.P. Services Limited Company accounts

C.P. SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02224778
C.P. Services Limited
Unaudited Financial Statements
For the year ended
31 March 2022
C.P. Services Limited
Financial Statements
Year ended 31st March 2022
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
C.P. Services Limited
Directors' Report
Year ended 31st March 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022 .
Directors
The directors who served the company during the year were as follows:
Mr. D McGregor
Mr A Moll
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 4 December 2022 and signed on behalf of the board by:
Mr A Moll
Director
Registered office:
Building 2
30 Friern Park
North Finchley
London
N12 9DA
C.P. Services Limited
Statement of Income and Retained Earnings
Year ended 31st March 2022
2022
2021
Note
£
£
Turnover
33,785
–
--------
----
Gross profit
33,785
–
Administrative expenses
35,727
3,356
--------
-------
Operating loss
( 1,942)
( 3,356)
--------
-------
Loss before taxation
( 1,942)
( 3,356)
Tax on loss
–
–
-------
-------
Loss for the financial year and total comprehensive income
( 1,942)
( 3,356)
-------
-------
Retained losses at the start of the year
( 12,387)
( 9,031)
--------
--------
Retained losses at the end of the year
( 14,329)
( 12,387)
--------
--------
All the activities of the company are from continuing operations.
C.P. Services Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
£
Current assets
Investments
4
120
120
Cash at bank and in hand
39,942
11,057
--------
--------
40,062
11,177
Creditors: amounts falling due within one year
5
54,389
23,562
--------
--------
Net current liabilities
14,327
12,385
--------
--------
Total assets less current liabilities
( 14,327)
( 12,385)
--------
--------
Net liabilities
( 14,327)
( 12,385)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 14,329)
( 12,387)
--------
--------
Shareholders deficit
( 14,327)
( 12,385)
--------
--------
These financial statements have been prepared 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'.
For the year ending 31st March 2022 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 4 December 2022 , and are signed on behalf of the board by:
Mr A Moll
Director
Company registration number: 02224778
C.P. Services Limited
Notes to the Financial Statements
Year ended 31st March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Building 2, 30 Friern Park, North Finchley, London, N12 9DA.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
2022
2021
£
£
Other investments
120
120
----
----
5. Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
54,389
23,562
--------
--------
6. Related party transactions
Included in other creditors is an amount owed to the Director Mr A Moll of £29,281 (2021 £23,562). There are no formal terms.