Custom Group Hold Co Limited - Period Ending 2021-05-31
Custom Group Hold Co Limited - Period Ending 2021-05-31
Registration number:
Custom Group Hold Co Limited
for the Year Ended 31 May 2021
Custom Group Hold Co Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Custom Group Hold Co Limited
Company Information
Directors |
R J Rybij M D Johnson R W Dallison |
Company secretary |
M D Johnson |
Registered office |
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Accountants |
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Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Custom Group Hold Co Limited
for the Year Ended 31 May 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Custom Group Hold Co Limited for the year ended 31 May 2021 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Custom Group Hold Co Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Custom Group Hold Co Limited and state those matters that we have agreed to state to the Board of Directors of Custom Group Hold Co Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Custom Group Hold Co Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Custom Group Hold Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Custom Group Hold Co Limited. You consider that Custom Group Hold Co 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 accounts of Custom Group Hold Co 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 accounts.
Millennium Way
Pride Park
Derby
DE24 8HG
Custom Group Hold Co Limited
(Registration number: 07476952)
Balance Sheet as at 31 May 2021
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2021 |
2020 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
Company secretary and director
Custom Group Hold Co Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of the registered office is given in the company information on page 1 of the financial statements.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and rounded to the nearest £1.
Going concern
The global pandemic known as Covid-19 is causing uncertainty throughout the UK economy and the company has been affected by this. The Company is working closely with customers and suppliers to review their plans and expected activities in the coming months.
At the time of approving the accounts there is uncertainty over the projected income for the company because this pandemic is unprecedented so no one can accurately predict how the economy and our market sector will react over the coming year. Consideration has been given to the risks of reduced turnover and the value of assets owned by the company.
Based on the information available and using a reasonable range of assumptions, the business can continue as a going concern and the accounts have been prepared on this basis.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Custom Group Hold Co Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021
Investments |
2021 |
2020 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 June 2020 |
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At 31 May 2021 |
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Provision |
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At 1 June 2020 |
- |
At 31 May 2021 |
- |
Carrying amount |
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At 31 May 2021 |
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At 31 May 2020 |
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Debtors |
2021 |
2020 |
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Amounts owed by group undertakings |
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Custom Group Hold Co Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021
Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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51,000 |
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51,000 |
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49,000 |
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49,000 |
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Controlling party |
The company's controlling party is R J Rybij, the majority shareholder.
Non adjusting events after the financial period |
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