Client Services (Global) Limited - Accounts to registrar (filleted) - small 18.2

Client Services (Global) Limited - Accounts to registrar (filleted) - small 18.2

CLIENT SERVICES (GLOBAL) LIMITED - Company Information

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REGISTERED NUMBER: 08445854 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

CLIENT SERVICES (GLOBAL) LIMITED
CLIENT SERVICES (GLOBAL) LIMITED (REGISTERED NUMBER: 08445854)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLIENT SERVICES (GLOBAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTOR: Mrs K Leo





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 08445854 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ
Page 1
CLIENT SERVICES (GLOBAL) LIMITED (REGISTERED NUMBER: 08445854)

BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,183 1,597
Investments 5 1,176 -
4,359 1,597

CURRENT ASSETS
Debtors 6 440,334 405,884
Cash at bank 290,289 625,821
730,623 1,031,705
CREDITORS
Amounts falling due within one year 7 60,920 431,142
NET CURRENT ASSETS 669,703 600,563
TOTAL ASSETS LESS CURRENT
LIABILITIES
674,062
602,160

PROVISIONS FOR LIABILITIES 668 335
NET ASSETS 673,394 601,825

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 673,294 601,725
673,394 601,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 16 September 2021 and were signed by:



Mrs K Leo - Director


The notes form part of these financial statements

Page 2
CLIENT SERVICES (GLOBAL) LIMITED (REGISTERED NUMBER: 08445854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


1. STATUTORY INFORMATION

Client Services (Global) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Page 3 continued...
CLIENT SERVICES (GLOBAL) LIMITED (REGISTERED NUMBER: 08445854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are initially recorded at cost and revalued to market value at the balance sheet date. Changes in market value are recognised in the statement of profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2020 1,226 18,596 19,822
Additions 580 3,562 4,142
Disposals (1,226 ) (17,220 ) (18,446 )
At 31 December 2020 580 4,938 5,518
DEPRECIATION
At 1 January 2020 1,202 17,023 18,225
Charge for year 217 1,399 1,616
Eliminated on disposal (1,226 ) (16,280 ) (17,506 )
At 31 December 2020 193 2,142 2,335
NET BOOK VALUE
At 31 December 2020 387 2,796 3,183
At 31 December 2019 24 1,573 1,597

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
Additions 1,000
Revaluations 176
At 31 December 2020 1,176
NET BOOK VALUE
At 31 December 2020 1,176

Cost or valuation at 31 December 2020 is represented by:

Other
investments
£
Valuation in 2020 176
Cost 1,000
1,176

Page 4 continued...
CLIENT SERVICES (GLOBAL) LIMITED (REGISTERED NUMBER: 08445854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2020 2019
£ £
Cost 1,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade debtors 225,192 182,118
Amounts owed by group undertakings 111,097 115,003
Other debtors 104,045 108,763
440,334 405,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade creditors 14,327 293,389
Amounts owed to group undertakings - 43,696
Taxation and social security 20,877 81,744
Other creditors 25,716 12,313
60,920 431,142

8. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £320,643 (2019: £84,055).

9. POST BALANCE SHEET EVENTS

On 13 January 2021 the company entered into an operating lease agreement with total commitments of £28,267. The lease period runs from February 2021 to February 2022.

Page 5