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REGISTERED NUMBER: 06193387 (England and Wales)















CSR SCIENTIFIC TRAINING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


CSR SCIENTIFIC TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R P Green
S Jukes
D K H Ho
Ms L Hammond
Mrs T Jukes
Ms E Moores





REGISTERED OFFICE: 1B Mitre Court, 38 Lichfield Road
Sutton Coldfield
Birmingham
West Midlands
B74 2LZ





REGISTERED NUMBER: 06193387 (England and Wales)





ACCOUNTANTS: Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 69,681 83,737

CURRENT ASSETS
Debtors 4 287,584 257,414
Cash at bank 137,582 131,071
425,166 388,485
CREDITORS
Amounts falling due within one year 5 166,423 134,590
NET CURRENT ASSETS 258,743 253,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,424

337,632

CREDITORS
Amounts falling due after more than one year 6 (86,882 ) (99,377 )

PROVISIONS FOR LIABILITIES (17,420 ) -
NET ASSETS 224,122 238,255

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 224,120 238,253
SHAREHOLDERS' FUNDS 224,122 238,255

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 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.

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 11 October 2023 and were signed on its behalf by:




R P Green - Director



S Jukes - Director


CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% on cost
Fixtures and fittings25% on cost
Motor vehicles25% on cost
Computer equipment33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value·of the asset, and is credited or charged to profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


1. 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 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
Basic financial assets, which include trade and other debtors 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 the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, 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 payments discounted at a market rate of interest.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 32 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 142,896
Additions 13,451
At 31 March 2023 156,347
DEPRECIATION
At 1 April 2022 59,159
Charge for year 27,507
At 31 March 2023 86,666
NET BOOK VALUE
At 31 March 2023 69,681
At 31 March 2022 83,737

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
Reclassification/transfer 76,550
At 31 March 2023 76,550
DEPRECIATION
Charge for year 19,138
Reclassification/transfer 4,784
At 31 March 2023 23,922
NET BOOK VALUE
At 31 March 2023 52,628

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 146,447 129,468
Other debtors 3,444 3,300
Directors' loan accounts 103,075 120,976
Prepayments 34,618 3,670
287,584 257,414

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,485 11,337
Hire purchase contracts 8,172 8,131
Trade creditors 37,000 27,425
Tax 31,256 12,040
Social security and other taxes 35,179 22,775
Pensions - 5,197
Other creditors 21,500 27,000
Directors' loan accounts 622 310
Accrued expenses 22,209 20,375
166,423 134,590

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 12,188 -
Bank loans - 2-5 years 21,475 39,679
Hire purchase contracts 53,219 59,698
86,882 99,377

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
R P Green
Balance outstanding at start of year 66,885 66,367
Amounts advanced 37,747 9,228
Amounts repaid (45,132 ) (8,710 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,500 66,885

S Jukes
Balance outstanding at start of year 54,091 53,403
Amounts advanced 40,545 8,998
Amounts repaid (51,062 ) (8,310 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,574 54,091