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

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

C P POWER & AUTOMATION LIMITED - Company Information

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REGISTERED NUMBER: 03776491 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

FOR

C P POWER & AUTOMATION LIMITED









C P POWER & AUTOMATION LIMITED (REGISTERED NUMBER: 03776491)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


C P POWER & AUTOMATION LIMITED

COMPANY INFORMATION
for the year ended 30 November 2020







DIRECTORS: D Melia
Dr E Melia





SECRETARY: Dr E Melia





REGISTERED OFFICE: Seven Stars House
1 Wheler Road
Coventry
West Midlands
CV3 4LB





BUSINESS ADDRESS: 3 Fairfield Court
Seven Stars Industrial Estate
Coventry
West Midlands
CV3 4LJ





REGISTERED NUMBER: 03776491 (England and Wales)





Page 1
C P POWER & AUTOMATION LIMITED (REGISTERED NUMBER: 03776491)

ABRIDGED BALANCE SHEET
30 November 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,145 7,266

CURRENT ASSETS
Stocks 48,369 25,040
Debtors 66,783 34,155
Cash at bank 206,153 237,386
321,305 296,581
CREDITORS
Amounts falling due within one year 75,275 61,184
NET CURRENT ASSETS 246,030 235,397
TOTAL ASSETS LESS CURRENT
LIABILITIES
251,175
242,663

PROVISIONS FOR LIABILITIES 821 1,190
NET ASSETS 250,354 241,473

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 250,254 241,373
SHAREHOLDERS' FUNDS 250,354 241,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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 notes form part of these financial statements

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C P POWER & AUTOMATION LIMITED (REGISTERED NUMBER: 03776491)

ABRIDGED BALANCE SHEET - continued
30 November 2020


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 2020 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 and authorised for issue on 12 August 2021 and were signed on its behalf by:





D Melia - Director


The notes form part of these financial statements

Page 3
C P POWER & AUTOMATION LIMITED (REGISTERED NUMBER: 03776491)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2020

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 & machinery - 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.


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C P POWER & AUTOMATION LIMITED (REGISTERED NUMBER: 03776491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2020

2. ACCOUNTING POLICIES - continued
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 (2019 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2019 40,259
Additions 340
At 30 November 2020 40,599
DEPRECIATION
At 1 December 2019 32,993
Charge for year 2,461
At 30 November 2020 35,454
NET BOOK VALUE
At 30 November 2020 5,145
At 30 November 2019 7,266

5. PENSION COMMITMENTS

There are no amounts outstanding to pension providers at the year end for the current year or prior year.

6. 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.

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