CPC Interiors Ian Mitchell - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08303864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

CPC INTERIORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Wood

Mrs C Mitchell

REGISTERED OFFICE:

Archer House

Britland Estate

Northbourne Road

Eastbourne

BN22 8PW

REGISTERED NUMBER:

08303864 (England and Wales)

ACCOUNTANTS:

Dominic Hill Associates Limited

Archer House

Britland Estate

Northbourne Road

Eastbourne

BN22 8PW

FIXED ASSETS

Intangible assets

4

333

1,000

Tangible assets

5

69,527

40,896

69,860

41,896

CURRENT ASSETS

Stocks

215,893

-

Debtors

6

1,141,189

666,870

Cash at bank

128,154

122,429

1,485,236

789,299

CREDITORS

Amounts falling due within one year

7

975,411

308,608

NET CURRENT ASSETS

509,825

480,691

TOTAL ASSETS LESS CURRENT LIABILITIES

579,685

522,587

CREDITORS

Amounts falling due after more than one year

8

170,010

179,501

NET ASSETS

409,675

343,086

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

409,475

342,886

SHAREHOLDERS' FUNDS

409,675

343,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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.

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 19 January 2023 and were signed on its behalf by:

Mrs C Mitchell - Director

1.	STATUTORY INFORMATION

CPC Interiors Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2021 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2021

and 30 September 2022

2,000

AMORTISATION

At 1 October 2021

1,000

Charge for year

667

At 30 September 2022

1,667

NET BOOK VALUE

At 30 September 2022

333

At 30 September 2021

1,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

164,693

Additions

62,627

Disposals

(57,920

)

At 30 September 2022

169,400

DEPRECIATION

At 1 October 2021

123,797

Charge for year

31,496

Eliminated on disposal

(55,420

)

At 30 September 2022

99,873

NET BOOK VALUE

At 30 September 2022

69,527

At 30 September 2021

40,896

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,080,545

532,708

Other debtors

60,644

134,162

1,141,189

666,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

11,734

-

Hire purchase contracts

16,052

12,617

Trade creditors

775,228

263,291

Taxation and social security

169,923

30,311

Other creditors

2,474

2,389

975,411

308,608

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

134,844

169,885

Hire purchase contracts

35,166

9,616

170,010

179,501

9.	ULTIMATE CONTROLLING PARTY