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REGISTERED NUMBER: 03103700 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2022

for

COMMONFIELD SERVICES LIMITED

COMMONFIELD SERVICES LIMITED (REGISTERED NUMBER: 03103700)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


COMMONFIELD SERVICES LIMITED

Company Information
for the Year Ended 30 September 2022







DIRECTORS: K L Davies
M Honeysett
L Pearce
J D Davies





REGISTERED OFFICE: 107 Hindes Road
Harrow
Middlesex
HA1 1RU





BUSINESS ADDRESS: Unit 1 Lawrence Way Trading Estate
Lawrence Way
Brewers Hill Road
Dunstable
Bedfordshire
LU6 1BD





REGISTERED NUMBER: 03103700 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
107 Hindes Road
Harrow
Middlesex
HA1 1RU

COMMONFIELD SERVICES LIMITED (REGISTERED NUMBER: 03103700)

Abridged Balance Sheet
30 September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 822,639 701,862
Investments 5 102,100 102,100
924,739 803,962

CURRENT ASSETS
Stocks 499,343 725,086
Debtors 1,310,141 1,475,027
Cash at bank and in hand 58,447 439,704
1,867,931 2,639,817
CREDITORS
Amounts falling due within one year 1,749,247 1,601,523
NET CURRENT ASSETS 118,684 1,038,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,043,423

1,842,256

CREDITORS
Amounts falling due after more than one
year

(489,676

)

(681,469

)

PROVISIONS FOR LIABILITIES - (119,023 )
NET ASSETS 553,747 1,041,764

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 552,747 1,040,764
SHAREHOLDERS' FUNDS 553,747 1,041,764

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 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.

COMMONFIELD SERVICES LIMITED (REGISTERED NUMBER: 03103700)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





L Pearce - Director


COMMONFIELD SERVICES LIMITED (REGISTERED NUMBER: 03103700)

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

1. STATUTORY INFORMATION

Commonfield Services 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.

Preparation of consolidated financial statements
The financial statements contain information about Commonfield Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Improvements to property - Over the life of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

COMMONFIELD SERVICES LIMITED (REGISTERED NUMBER: 03103700)

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

2. ACCOUNTING POLICIES - continued

Foreign exchange
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2021 - 57 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021 1,458,799
Additions 296,898
Disposals (140,770 )
At 30 September 2022 1,614,927
DEPRECIATION
At 1 October 2021 756,937
Charge for year 134,969
Eliminated on disposal (99,618 )
At 30 September 2022 792,288
NET BOOK VALUE
At 30 September 2022 822,639
At 30 September 2021 701,862

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2021
and 30 September 2022 102,100
NET BOOK VALUE
At 30 September 2022 102,100
At 30 September 2021 102,100

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 87,330 38,841
Between one and five years 238,448 150,846
325,778 189,687

COMMONFIELD SERVICES LIMITED (REGISTERED NUMBER: 03103700)

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

6. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2022 2021
£    £   
Within one year 287,947 259,367
Between one and five years 420,584 782,368
708,531 1,041,735

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank overdrafts 286,950 293,785
Bank loans 411,279 523,122
Hire purchase contracts 325,778 189,687
1,024,007 1,006,594

8. ULTIMATE CONTROLLING PARTY

The company is controlled by P S Meredith, M R Meredith and J L Meredith by virtue of their shareholding.