Cellular Solutions And Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03837718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

CELLULAR SOLUTIONS AND SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Mottram

D Gardner

Mrs J Mottram

SECRETARY:

D Mottram

REGISTERED OFFICE:

44 Grand Parade

Brighton

East Sussex

BN2 9QA

REGISTERED NUMBER:

03837718 (England and Wales)

ACCOUNTANTS:

Chariot House Limited

Chartered Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

FIXED ASSETS

Tangible assets

4

180

225

CURRENT ASSETS

Stocks

7,140

11,147

Debtors

5

509,682

554,237

Cash at bank and in hand

3,550,630

4,947,450

4,067,452

5,512,834

CREDITORS

Amounts falling due within one year

6

(1,802,976

)

(2,091,551

)

NET CURRENT ASSETS

2,264,476

3,421,283

TOTAL ASSETS LESS CURRENT LIABILITIES

2,264,656

3,421,508

CAPITAL AND RESERVES

Called up share capital

28,500

28,500

Retained earnings

2,236,156

3,393,008

SHAREHOLDERS' FUNDS

2,264,656

3,421,508

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 11 May 2022 and were signed on its behalf by:

D Mottram - Director

1.	STATUTORY INFORMATION

Cellular Solutions And 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.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% 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

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 37 (2020 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Office

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2020

and 30 September 2021

39,456

11,154

142,936

193,546

DEPRECIATION

At 1 October 2020

39,456

10,929

142,936

193,321

Charge for year

-

45

-

45

At 30 September 2021

39,456

10,974

142,936

193,366

NET BOOK VALUE

At 30 September 2021

-

180

-

180

At 30 September 2020

-

225

-

225

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

471,933

466,277

Other debtors

(3,462

)

48,420

Prepayments and accrued income

41,211

39,540

509,682

554,237

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

77,339

45,512

Tax

53,775

247,504

Social security and other taxes

40,853

87,756

VAT

160,037

159,165

Other creditors

632,027

756,061

Deferred income and accruals

838,945

795,553

1,802,976

2,091,551

7.	CONTINGENT LIABILITIES

At 30th September 2021 the company had a maximum liability of £1,227,329 (2020: £1,087,103) regarding the equipment fund and other similar deals which the company offers to its customers as loyalty incentives. There is a provision of £820,615 (2020:729,824) included in the accounts regarding this potential liability.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Damian and Jenny Mottram.