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 2021

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

1,000

1,667

Tangible assets

5

40,896

59,027

41,896

60,694

CURRENT ASSETS

Stocks

-

146,000

Debtors

6

666,870

698,281

Cash at bank

122,429

403,360

789,299

1,247,641

CREDITORS

Amounts falling due within one year

7

308,608

654,754

NET CURRENT ASSETS

480,691

592,887

TOTAL ASSETS LESS CURRENT LIABILITIES

522,587

653,581

CREDITORS

Amounts falling due after more than one year

8

179,501

202,234

NET ASSETS

343,086

451,347

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

342,886

451,147

SHAREHOLDERS' FUNDS

343,086

451,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 23 December 2021 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

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 (2020 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2020

and 30 September 2021

2,000

AMORTISATION

At 1 October 2020

333

Charge for year

667

At 30 September 2021

1,000

NET BOOK VALUE

At 30 September 2021

1,000

At 30 September 2020

1,667

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

152,135

Additions

12,558

At 30 September 2021

164,693

DEPRECIATION

At 1 October 2020

93,108

Charge for year

30,689

At 30 September 2021

123,797

NET BOOK VALUE

At 30 September 2021

40,896

At 30 September 2020

59,027

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

532,708

572,667

Other debtors

134,162

125,614

666,870

698,281

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

12,617

17,563

Trade creditors

258,551

448,059

Taxation and social security

30,311

167,648

Other creditors

7,129

21,484

308,608

654,754

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

169,885

180,000

Hire purchase contracts

9,616

22,234

179,501

202,234

9.	ULTIMATE CONTROLLING PARTY