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REGISTERED NUMBER: 05704624 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2023

for

Control Solutions & Pipework Services
Limited

Control Solutions & Pipework Services
Limited (Registered number: 05704624)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Control Solutions & Pipework Services
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A S Bonehill
S A Bonehill





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 05704624 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Control Solutions & Pipework Services
Limited

Report of the Accountants to the Directors of
Control Solutions & Pipework Services
Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 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 as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


2 November 2023

Control Solutions & Pipework Services
Limited (Registered number: 05704624)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 146,949 139,345
146,949 139,345

CURRENT ASSETS
Stocks 336,593 391,601
Debtors 6 492,506 545,815
Cash at bank 427,305 607,692
1,256,404 1,545,108
CREDITORS
Amounts falling due within one year 7 572,873 792,804
NET CURRENT ASSETS 683,531 752,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,480

891,649

CREDITORS
Amounts falling due after more than
one year

8

(82,974

)

(91,684

)

PROVISIONS FOR LIABILITIES (25,613 ) (26,044 )
NET ASSETS 721,893 773,921

Control Solutions & Pipework Services
Limited (Registered number: 05704624)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 721,793 773,821
SHAREHOLDERS' FUNDS 721,893 773,921

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





A S Bonehill - Director


Control Solutions & Pipework Services
Limited (Registered number: 05704624)

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


1. STATUTORY INFORMATION

Control Solutions & Pipework 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Short leasehold - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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.

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.


Control Solutions & Pipework Services
Limited (Registered number: 05704624)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 20 ) .

Control Solutions & Pipework Services
Limited (Registered number: 05704624)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022
and 31 March 2023 100,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2022 36,254 168,843 30,003
Additions - 7,991 -
At 31 March 2023 36,254 176,834 30,003
DEPRECIATION
At 1 April 2022 36,254 126,621 20,196
Charge for year - 12,554 2,451
At 31 March 2023 36,254 139,175 22,647
NET BOOK VALUE
At 31 March 2023 - 37,659 7,356
At 31 March 2022 - 42,222 9,807

Control Solutions & Pipework Services
Limited (Registered number: 05704624)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 172,952 25,279 433,331
Additions 47,595 1,000 56,586
At 31 March 2023 220,547 26,279 489,917
DEPRECIATION
At 1 April 2022 93,801 17,114 293,986
Charge for year 31,686 2,291 48,982
At 31 March 2023 125,487 19,405 342,968
NET BOOK VALUE
At 31 March 2023 95,060 6,874 146,949
At 31 March 2022 79,151 8,165 139,345

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 104,235 3,245 107,480
Additions 47,595 - 47,595
At 31 March 2023 151,830 3,245 155,075
DEPRECIATION
At 1 April 2022 37,831 2,668 40,499
Charge for year 28,500 144 28,644
At 31 March 2023 66,331 2,812 69,143
NET BOOK VALUE
At 31 March 2023 85,499 433 85,932
At 31 March 2022 66,404 577 66,981

Control Solutions & Pipework Services
Limited (Registered number: 05704624)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 405,390 520,952
Other debtors 87,116 24,863
492,506 545,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 20,110 15,516
Trade creditors 173,165 524,102
Taxation and social security 79,514 139,609
Other creditors 300,084 113,577
572,873 792,804

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 82,974 60,434
Other creditors - 31,250
82,974 91,684

Control Solutions & Pipework Services
Limited (Registered number: 05704624)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 25,446 19,629
Between one and five years 90,427 65,764
115,873 85,393

Finance charges repayable:
Within one year 5,336 4,113
Between one and five years 7,453 5,330
12,789 9,443

Net obligations repayable:
Within one year 20,110 15,516
Between one and five years 82,974 60,434
103,084 75,950

Non-cancellable operating leases
2023 2022
£    £   
Within one year 59,973 59,972
Between one and five years 131,941 191,914
191,914 251,886