C & S Facilities Management Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: SC265917 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2023

for

C & S Facilities Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

K Boyle

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC265917 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

196,670

193,240

CURRENT ASSETS

Stocks

229,562

512,856

Debtors

5

2,092,140

392,796

Cash at bank

632,098

1,450,064

2,953,800

2,355,716

CREDITORS

Amounts falling due within one year

6

1,557,606

1,620,780

NET CURRENT ASSETS

1,396,194

734,936

TOTAL ASSETS LESS CURRENT LIABILITIES

1,592,864

928,176

CREDITORS

Amounts falling due after more than one year

7

(12,788

)

(16,186

)

PROVISIONS FOR LIABILITIES

8

(17,307

)

(23,743

)

NET ASSETS

1,562,769

888,247

CAPITAL AND RESERVES

Called up share capital

29

29

Capital redemption reserve

71

71

Retained earnings

1,562,669

888,147

SHAREHOLDERS' FUNDS

1,562,769

888,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 12 December 2023 and were signed by:

K Boyle - Director

1.	STATUTORY INFORMATION

C & S Facilities Management Limited is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Long leasehold

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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

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.

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 31 (2022 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 April 2022

57,000

17,950

32,438

Additions

-

-

-

Disposals

-

-

-

At 31 March 2023

57,000

17,950

32,438

DEPRECIATION

At 1 April 2022

2,299

4,371

31,397

Charge for year

1,140

359

245

Eliminated on disposal

-

-

-

At 31 March 2023

3,439

4,730

31,642

NET BOOK VALUE

At 31 March 2023

53,561

13,220

796

At 31 March 2022

54,701

13,579

1,041

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

20,899

286,470

28,838

443,595

Additions

-

79,732

662

80,394

Disposals

-

-

(965

)

(965

)

At 31 March 2023

20,899

366,202

28,535

523,024

DEPRECIATION

At 1 April 2022

15,636

170,532

26,120

250,355

Charge for year

1,316

71,541

2,038

76,639

Eliminated on disposal

-

-

(640

)

(640

)

At 31 March 2023

16,952

242,073

27,518

326,354

NET BOOK VALUE

At 31 March 2023

3,947

124,129

1,017

196,670

At 31 March 2022

5,263

115,938

2,718

193,240

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

Motor

vehicles

£

COST

At 1 April 2022

114,558

Additions

28,815

At 31 March 2023

143,373

DEPRECIATION

At 1 April 2022

62,878

Charge for year

33,771

At 31 March 2023

96,649

NET BOOK VALUE

At 31 March 2023

46,724

At 31 March 2022

51,680

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

748,205

387,380

Other debtors

1,343,935

5,416

2,092,140

392,796

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts and finance leases

20,031

20,990

Trade creditors

1,074,022

907,625

Taxation and social security

356,135

586,446

Other creditors

107,418

105,719

1,557,606

1,620,780

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts and finance leases

12,788

16,186

8.	PROVISIONS FOR LIABILITIES

31.3.23

31.3.22

£

£

Deferred tax

17,307

23,743

Deferred

tax

£

Balance at 1 April 2022

23,743

Provided during year

(6,436

)

Balance at 31 March 2023

17,307

9.	RELATED PARTY DISCLOSURES

As at 31/03/2023, C&S Facilities Management Limited was owed £1,292,974 by C&S Developments Limited. The companies share a director.

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 C & S Facilities Management Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of C & S Facilities Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C & S Facilities Management Limited and state those matters that we have agreed to state to the director of C & S Facilities Management Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that C & S Facilities Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C & S Facilities Management Limited. You consider that C & S Facilities Management 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 financial statements of C & S Facilities Management 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 financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

12 December 2023