Commercial & Educational - Accounts to registrar (filleted) - small 23.2.5

Commercial & Educational - Accounts to registrar (filleted) - small 23.2.5

COMMERCIAL & EDUCATIONAL MAINTENANCE SERVICES LTD - Company Information

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REGISTERED NUMBER: 09233097 (England and Wales)















Financial Statements for the Year Ended 30 September 2022

for

Commercial & Educational Maintenance
Services Ltd
Commercial & Educational Maintenance
Services Ltd (Registered number: 09233097)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Commercial & Educational Maintenance
Services Ltd

Company Information
for the Year Ended 30 September 2022







DIRECTOR: Mr M D Irwin





REGISTERED OFFICE: Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH





REGISTERED NUMBER: 09233097 (England and Wales)





ACCOUNTANTS: HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH
Page 1
Accountants' Report to the Director
on the Unaudited Financial Statements of
Commercial & Educational Maintenance
Services Ltd

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 Income Statement 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 Commercial & Educational Maintenance Services Ltd for the period ended 30 September 2022 which comprises the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Commercial & Educational Maintenance Services Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Commercial & Educational Maintenance Services Ltd and state those matters that we have agreed to state to the Board of Directors of Commercial & Educational Maintenance Services Ltd, as a body, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Commercial & Educational Maintenance Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position of profit or loss of Commercial & Educational Maintenance Services Ltd. You consider that Commercial & Educational Maintenance Services Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Commercial & Educational Maintenance Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the statutory financial statements.






HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH


8 August 2023

This page does not form part of the statutory financial statements

Page 2
Commercial & Educational Maintenance
Services Ltd (Registered number: 09233097)

Balance Sheet
30 September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,000 -
Tangible assets 5 8,013 166
19,013 166

CURRENT ASSETS
Stocks 1,278 -
Cash at bank and in hand 15,554 42
16,832 42
CREDITORS
Amounts falling due within one year 6 13,939 145
NET CURRENT ASSETS/(LIABILITIES) 2,893 (103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,906
63

CREDITORS
Amounts falling due after more than one
year
7
17,217
-
NET ASSETS 4,689 63

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,688 62
SHAREHOLDERS' FUNDS 4,689 63

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 notes form part of these financial statements

Page 3
Commercial & Educational Maintenance
Services Ltd (Registered number: 09233097)

Balance Sheet - continued
30 September 2022


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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2023 and were signed by:





Mr M D Irwin - Director


The notes form part of these financial statements

Page 4
Commercial & Educational Maintenance
Services Ltd (Registered number: 09233097)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

Commercial & Educational Maintenance Services Ltd 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.

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 are 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.

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 2022, is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Page 5
Commercial & Educational Maintenance
Services Ltd (Registered number: 09233097)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

2. ACCOUNTING POLICIES - continued

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.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from the suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Page 6
Commercial & Educational Maintenance
Services Ltd (Registered number: 09233097)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 12,000
At 30 September 2022 12,000
AMORTISATION
Charge for year 1,000
At 30 September 2022 1,000
NET BOOK VALUE
At 30 September 2022 11,000

During the year the company acquired the business of Commercial & Educational Maintenance and paid £12,000 in respect of goodwill.

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2021 359 - 299 658
Additions 2,558 6,695 333 9,586
At 30 September 2022 2,917 6,695 632 10,244
DEPRECIATION
At 1 October 2021 269 - 223 492
Charge for year 376 1,255 108 1,739
At 30 September 2022 645 1,255 331 2,231
NET BOOK VALUE
At 30 September 2022 2,272 5,440 301 8,013
At 30 September 2021 90 - 76 166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,868 -
Taxation and social security 5,690 -
Other creditors 6,381 145
13,939 145

Page 7
Commercial & Educational Maintenance
Services Ltd (Registered number: 09233097)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 5,217 -
Other creditors 12,000 -
17,217 -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M D Irwin.

Page 8