C S G (Ushers) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06496317 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 April 2022

for

C S G (Ushers) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R G Usher

Mr S K Farrens

Mr M D Barker

Mr C U Usher

REGISTERED OFFICE:

Unit 13

Waterways Business Centre

Navigation Drive

Enfield

Middlesex

EN3 6JJ

REGISTERED NUMBER:

06496317 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Tangible assets

4

428,725

432,903

CURRENT ASSETS

Stocks

-

53,847

Debtors

5

273,129

425,086

Cash at bank

805,582

606,937

1,078,711

1,085,870

CREDITORS

Amounts falling due within one year

6

418,183

488,568

NET CURRENT ASSETS

660,528

597,302

TOTAL ASSETS LESS CURRENT LIABILITIES

1,089,253

1,030,205

CREDITORS

Amounts falling due after more than one year

7

(96,458

)

(133,888

)

PROVISIONS FOR LIABILITIES

9

(78,866

)

(77,030

)

NET ASSETS

913,929

819,287

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

912,929

818,287

SHAREHOLDERS' FUNDS

913,929

819,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:

Mr R G Usher - Director

Mr M D Barker - Director

1.	STATUTORY INFORMATION

C S G (Ushers) 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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Government grants

Grants relating to revenue are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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.

Financial instruments

The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2021 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2021

406,346

28,515

309,197

33,616

777,674

Additions

34,873

-

64,145

-

99,018

Disposals

(18,159

)

-

(3,700

)

-

(21,859

)

At 30 April 2022

423,060

28,515

369,642

33,616

854,833

DEPRECIATION

At 1 May 2021

158,845

21,550

142,622

21,754

344,771

Charge for year

37,792

1,741

49,088

2,966

91,587

Eliminated on disposal

(8,545

)

-

(1,705

)

-

(10,250

)

At 30 April 2022

188,092

23,291

190,005

24,720

426,108

NET BOOK VALUE

At 30 April 2022

234,968

5,224

179,637

8,896

428,725

At 30 April 2021

247,501

6,965

166,575

11,862

432,903

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2021

231,345

96,650

327,995

Additions

25,900

43,195

69,095

Disposals

(17,250

)

-

(17,250

)

Transfer to ownership

(56,550

)

-

(56,550

)

At 30 April 2022

183,445

139,845

323,290

DEPRECIATION

At 1 May 2021

50,619

17,993

68,612

Charge for year

-

23,155

23,155

Eliminated on disposal

(7,979

)

-

(7,979

)

Transfer to ownership

(23,750

)

-

(23,750

)

At 30 April 2022

18,890

41,148

60,038

NET BOOK VALUE

At 30 April 2022

164,555

98,697

263,252

At 30 April 2021

180,726

78,657

259,383

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

189,118

312,343

Other debtors

84,011

112,743

273,129

425,086

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

9,996

9,163

Hire purchase contracts

79,389

80,569

Trade creditors

98,017

119,015

Taxation and social security

154,386

134,175

Other creditors

76,395

145,646

418,183

488,568

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

30,837

40,837

Hire purchase contracts

65,621

93,051

96,458

133,888

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable after

more than five years

-

40,837

-

40,837

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Hire purchase contracts

145,010

173,620

9.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

78,866

77,030

Deferred

tax

£

Balance at 1 May 2021

77,030

Charge to Statement of Income and Retained Earnings during year

1,836

Balance at 30 April 2022

78,866

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

10,000

Ordinary A

£0.10

1,000

1,000