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REGISTERED NUMBER: 02081107 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Commercial Systems International Limited

Commercial Systems International Limited (Registered number: 02081107)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Commercial Systems International Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D A Craven
M Kleinhout





REGISTERED OFFICE: Unit A
133 Marfleet Avenue
Hull
E Yorks
HU9 5SA





REGISTERED NUMBER: 02081107 (England and Wales)






Commercial Systems International Limited (Registered number: 02081107)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 321,497 373,849

CURRENT ASSETS
Stocks 1,617,500 1,685,356
Debtors 5 749,144 467,971
Cash at bank and in hand 78,202 556,257
2,444,846 2,709,584
CREDITORS
Amounts falling due within one year 6 1,561,989 1,766,962
NET CURRENT ASSETS 882,857 942,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204,354

1,316,471

CREDITORS
Amounts falling due after more than one
year

7

(44,911

)

(60,311

)

PROVISIONS FOR LIABILITIES (32,896 ) -
NET ASSETS 1,126,547 1,256,160

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,125,547 1,255,160
SHAREHOLDERS' FUNDS 1,126,547 1,256,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Commercial Systems International Limited (Registered number: 02081107)

Balance Sheet - continued
31 January 2023


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 Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





D A Craven - Director


Commercial Systems International Limited (Registered number: 02081107)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Commercial Systems International 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Straight line over 20 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

Taxation
Taxation for the yearyear 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 as 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.

Commercial Systems International Limited (Registered number: 02081107)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

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 53 (2022 - 52 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 30,080 618,331 93,599
Additions - 10,525 306
Disposals - - -
At 31 January 2023 30,080 628,856 93,905
DEPRECIATION
At 1 February 2022 5,606 423,667 73,653
Charge for year 1,503 30,206 3,030
Eliminated on disposal - - -
At 31 January 2023 7,109 453,873 76,683
NET BOOK VALUE
At 31 January 2023 22,971 174,983 17,222
At 31 January 2022 24,474 194,664 19,946

Commercial Systems International Limited (Registered number: 02081107)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 233,896 142,670 1,118,576
Additions - 2,187 13,018
Disposals (4,000 ) - (4,000 )
At 31 January 2023 229,896 144,857 1,127,594
DEPRECIATION
At 1 February 2022 151,574 90,227 744,727
Charge for year 19,892 7,989 62,620
Eliminated on disposal (1,250 ) - (1,250 )
At 31 January 2023 170,216 98,216 806,097
NET BOOK VALUE
At 31 January 2023 59,680 46,641 321,497
At 31 January 2022 82,322 52,443 373,849

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 124,738 143,210 267,948
DEPRECIATION
At 1 February 2022 63,155 83,289 146,444
Charge for year 9,237 14,980 24,217
At 31 January 2023 72,392 98,269 170,661
NET BOOK VALUE
At 31 January 2023 52,346 44,941 97,287
At 31 January 2022 61,583 59,921 121,504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 405,719 156,054
Amounts owed by group undertakings 132,969 130,083
Other debtors 210,456 181,834
749,144 467,971

Commercial Systems International Limited (Registered number: 02081107)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts - 51,719
Hire purchase contracts 13,930 47,463
Trade creditors 1,328,785 1,478,038
Taxation and social security 55,571 27,822
Other creditors 163,703 161,920
1,561,989 1,766,962

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 44,911 60,311

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts 58,841 107,774

Obligations under hire purchase agreements are secured by a charge over the assets to which they relate.

9. RELATED PARTY DISCLOSURES

31.1.2331.1.22
££
Amounts owing from related parties 87,80139,483
Amounts owing to related parties 196,93421,715
Management charges received from related parties -33,000
Sales to related parties during the year 309,224434,177
Purchases from related parties during the year 134,839188,351

Related parties are companies which the director is also a director or has a controlling interest.

10. ULTIMATE CONTROLLING PARTY

The controlling party is DCMK Limited.

There is no ultimate controlling party.