C. P. General Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04312288 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

C. P. GENERAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

C S Phillips

Mrs L H Phillips

SECRETARY:

C S Phillips

REGISTERED OFFICE:

Unit 7 Maritime Court

Bedwas House Industrial Estate

Bedwas

CAERPHILLY

CF83 8HU

REGISTERED NUMBER:

04312288 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

FIXED ASSETS

Intangible assets

4

19,110

38,219

Tangible assets

5

454,691

366,629

473,801

404,848

CURRENT ASSETS

Stocks

2,625

3,275

Debtors

6

70,803

66,007

Cash at bank and in hand

509,678

362,932

583,106

432,214

CREDITORS

Amounts falling due within one year

7

378,391

296,673

NET CURRENT ASSETS

204,715

135,541

TOTAL ASSETS LESS CURRENT LIABILITIES

678,516

540,389

CREDITORS

Amounts falling due after more than one year

8

(198,743

)

(172,320

)

PROVISIONS FOR LIABILITIES

(60,760

)

(28,489

)

NET ASSETS

419,013

339,580

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

418,913

339,480

SHAREHOLDERS' FUNDS

419,013

339,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 February 2024 and were signed on its behalf by:

C S Phillips - Director

1.	STATUTORY INFORMATION

C. P. General Services 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

5% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost and 25% on reducing balance

Computer equipment

-

33% 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 31 (2022 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2023

and 31 December 2023

191,091

25,000

216,091

AMORTISATION

At 1 January 2023

152,872

25,000

177,872

Amortisation for year

19,109

-

19,109

At 31 December 2023

171,981

25,000

196,981

NET BOOK VALUE

At 31 December 2023

19,110

-

19,110

At 31 December 2022

38,219

-

38,219

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2023

251,848

19,935

25,852

Additions

-

-

-

Disposals

-

-

-

At 31 December 2023

251,848

19,935

25,852

DEPRECIATION

At 1 January 2023

35,158

4,656

25,852

Charge for year

5,037

997

-

Eliminated on disposal

-

-

-

At 31 December 2023

40,195

5,653

25,852

NET BOOK VALUE

At 31 December 2023

211,653

14,282

-

At 31 December 2022

216,690

15,279

-

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2023

18,603

431,155

25,621

773,014

Additions

-

181,201

-

181,201

Disposals

-

(26,395

)

-

(26,395

)

At 31 December 2023

18,603

585,961

25,621

927,820

DEPRECIATION

At 1 January 2023

18,603

299,010

23,106

406,385

Charge for year

-

85,398

1,707

93,139

Eliminated on disposal

-

(26,395

)

-

(26,395

)

At 31 December 2023

18,603

358,013

24,813

473,129

NET BOOK VALUE

At 31 December 2023

-

227,948

808

454,691

At 31 December 2022

-

132,145

2,515

366,629

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Improvements

to

Motor

property

vehicles

Totals

£

£

£

COST

At 1 January 2023

19,935

236,637

256,572

Additions

-

181,201

181,201

Transfer to ownership

(19,935

)

(13,785

)

(33,720

)

At 31 December 2023

-

404,053

404,053

DEPRECIATION

At 1 January 2023

4,656

104,492

109,148

Charge for year

997

83,104

84,101

Transfer to ownership

(5,653

)

(11,491

)

(17,144

)

At 31 December 2023

-

176,105

176,105

NET BOOK VALUE

At 31 December 2023

-

227,948

227,948

At 31 December 2022

15,279

132,145

147,424

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade debtors

66,361

62,016

Other debtors

4,442

3,991

70,803

66,007

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Bank loans and overdrafts

23,278

23,278

Hire purchase contracts

85,076

60,418

Trade creditors

60,591

71,467

Taxation and social security

149,787

131,611

Other creditors

59,659

9,899

378,391

296,673

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.23

31.12.22

£

£

Bank loans

63,925

92,034

Hire purchase contracts

134,818

80,286

198,743

172,320

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.23

31.12.22

£

£

Bank loans

87,203

115,312

Hire purchase contracts

219,894

140,704

307,097

256,016

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23

31.12.22

£

£

C S Phillips

Balance outstanding at start of year

(189

)

(189

)

Amounts advanced

189

-

Amounts repaid

(52,010

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(52,010

)

(189

)

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £88,400 (2022 - £91,800) were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is C S Phillips.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C. P. General Services Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of C. P. General Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C. P. General Services Limited and state those matters that we have agreed to state to the Board of Directors of C. P. General Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. P. General Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C. P. General Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C. P. General Services Limited. You consider that C. P. General Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C. P. General Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

28 February 2024