CPC Interiors Ian Mitchell - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08303864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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

Tangible assets

5

123,079

69,527

123,079

69,860

CURRENT ASSETS

Stocks

154,190

215,893

Debtors

6

1,136,185

1,141,189

Cash at bank

274,150

128,154

1,564,525

1,485,236

CREDITORS

Amounts falling due within one year

7

1,173,301

975,411

NET CURRENT ASSETS

391,224

509,825

TOTAL ASSETS LESS CURRENT LIABILITIES

514,303

579,685

CREDITORS

Amounts falling due after more than one year

8

192,351

170,010

NET ASSETS

321,952

409,675

CAPITAL AND RESERVES

Called up share capital

515

200

Retained earnings

321,437

409,475

SHAREHOLDERS' FUNDS

321,952

409,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 21 December 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 12 (2022 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2022

and 30 September 2023

2,000

AMORTISATION

At 1 October 2022

1,667

Charge for year

333

At 30 September 2023

2,000

NET BOOK VALUE

At 30 September 2023

-

At 30 September 2022

333

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2022

169,400

Additions

110,550

Disposals

(55,655

)

At 30 September 2023

224,295

DEPRECIATION

At 1 October 2022

99,873

Charge for year

53,250

Eliminated on disposal

(51,907

)

At 30 September 2023

101,216

NET BOOK VALUE

At 30 September 2023

123,079

At 30 September 2022

69,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,092,087

1,080,545

Other debtors

44,098

60,644

1,136,185

1,141,189

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

24,029

11,734

Hire purchase contracts

36,792

16,052

Trade creditors

891,545

775,228

Taxation and social security

207,676

169,923

Other creditors

13,259

2,474

1,173,301

975,411

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

98,948

134,844

Hire purchase contracts

93,403

35,166

192,351

170,010

9.	ULTIMATE CONTROLLING PARTY