C. P. General Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04312288 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

C. P. GENERAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTOR:

C S 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

Mid Glamorgan

CF37 4DY

FIXED ASSETS

Intangible assets

4

138,559

158,918

Tangible assets

5

415,448

447,849

554,007

606,767

CURRENT ASSETS

Stocks

3,725

4,625

Debtors

6

50,734

39,766

Cash at bank

162,895

125,825

217,354

170,216

CREDITORS

Amounts falling due within one year

7

231,356

212,634

NET CURRENT LIABILITIES

(14,002

)

(42,418

)

TOTAL ASSETS LESS CURRENT LIABILITIES

540,005

564,349

CREDITORS

Amounts falling due after more than one year

8

(192,577

)

(231,689

)

PROVISIONS FOR LIABILITIES

(31,469

)

(38,568

)

NET ASSETS

315,959

294,092

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

315,859

293,992

SHAREHOLDERS' FUNDS

315,959

294,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 March 2018 and were signed 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

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 28 (2016 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2017

and 31 December 2017

191,091

25,000

216,091

AMORTISATION

At 1 January 2017

38,218

18,955

57,173

Amortisation for year

19,109

1,250

20,359

At 31 December 2017

57,327

20,205

77,532

NET BOOK VALUE

At 31 December 2017

133,764

4,795

138,559

At 31 December 2016

152,873

6,045

158,918

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2017

259,348

25,852

18,603

At 31 December 2017

259,348

25,852

18,603

DEPRECIATION

At 1 January 2017

4,337

22,788

4,865

Charge for year

5,187

2,306

3,178

Eliminated on disposal

-

-

-

At 31 December 2017

9,524

25,094

8,043

NET BOOK VALUE

At 31 December 2017

249,824

758

10,560

At 31 December 2016

255,011

3,064

13,738

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2017

265,047

16,951

585,801

Additions

48,503

-

48,503

Disposals

(7,188

)

-

(7,188

)

At 31 December 2017

306,362

16,951

627,116

DEPRECIATION

At 1 January 2017

91,943

14,019

137,952

Charge for year

66,290

1,403

78,364

Eliminated on disposal

(4,648

)

-

(4,648

)

At 31 December 2017

153,585

15,422

211,668

NET BOOK VALUE

At 31 December 2017

152,777

1,529

415,448

At 31 December 2016

173,104

2,932

447,849

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

Motor

vehicles

£

COST

At 1 January 2017

127,120

Additions

48,503

Transfer to ownership

(9,630

)

Reclassification/transfer

100,774

At 31 December 2017

266,767

DEPRECIATION

At 1 January 2017

30,753

Charge for year

58,039

Transfer to ownership

(8,027

)

Reclassification/transfer

39,646

At 31 December 2017

120,411

NET BOOK VALUE

At 31 December 2017

146,356

At 31 December 2016

96,367

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

48,613

37,751

Other debtors

2,121

2,015

50,734

39,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

17,027

17,027

Hire purchase contracts

64,352

54,599

Trade creditors

55,035

57,353

Taxation and social security

87,282

67,645

Other creditors

7,660

16,010

231,356

212,634

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans

115,439

127,401

Hire purchase contracts

77,138

104,288

192,577

231,689

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Bank loans

132,466

144,428

Hire purchase contracts

141,490

158,887

273,956

303,315

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017 and

31 December 2016:

31.12.17

31.12.16

£

£

C Phillips (deceased)

Balance outstanding at start of year

(11,436

)

(21,156

)

Amounts advanced

10,400

9,720

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,036

)

(11,436

)

C S Phillips

Balance outstanding at start of year

(189

)

(189

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(189

)

(189

)

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £79,500 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 director 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 Director 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 2017 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 director of C. P. General Services Limited 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 director of C. P. General Services Limited 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 director 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

Mid Glamorgan

CF37 4DY

28 March 2018