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REGISTERED NUMBER: 03496669 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

COMMERCIAL REFURBISHMENT SERVICES LTD

COMMERCIAL REFURBISHMENT SERVICES LTD (REGISTERED NUMBER: 03496669)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMMERCIAL REFURBISHMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: B H Devine
Mrs D A H Devine





SECRETARY: Mrs D A H Devine





REGISTERED OFFICE: Hawthorns
Church Road
Swanmore
Southampton
Hampshire
SO32 2PA





REGISTERED NUMBER: 03496669 (England and Wales)





ACCOUNTANTS: Sheppard Rockey & Williams Ltd
Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT

COMMERCIAL REFURBISHMENT SERVICES LTD (REGISTERED NUMBER: 03496669)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,695 -
Investment property 5 715,000 715,000
720,695 715,000

CURRENT ASSETS
Debtors 6 651 1,232
Cash at bank 226,175 233,666
226,826 234,898
CREDITORS
Amounts falling due within one year 7 20,269 22,796
NET CURRENT ASSETS 206,557 212,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

927,252

927,102

PROVISIONS FOR LIABILITIES 9,082 8,000
NET ASSETS 918,170 919,102

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings - non distributable 28,690 28,690
Retained earnings 888,480 889,412
SHAREHOLDERS' FUNDS 918,170 919,102

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.

COMMERCIAL REFURBISHMENT SERVICES LTD (REGISTERED NUMBER: 03496669)

BALANCE SHEET - 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 20 November 2023 and were signed on its behalf by:




B H Devine - Director



Mrs D A H Devine - Director


COMMERCIAL REFURBISHMENT SERVICES LTD (REGISTERED NUMBER: 03496669)

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

1. STATUTORY INFORMATION

Commercial Refurbishment Services Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rental income receivable in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

COMMERCIAL REFURBISHMENT SERVICES LTD (REGISTERED NUMBER: 03496669)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022 2,192
Additions 8,538
At 31 March 2023 10,730
DEPRECIATION
At 1 April 2022 2,192
Charge for year 2,843
At 31 March 2023 5,035
NET BOOK VALUE
At 31 March 2023 5,695
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 715,000
NET BOOK VALUE
At 31 March 2023 715,000
At 31 March 2022 715,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 26,690
Valuation in 2019 10,000
Cost 678,310
715,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 678,310 678,310

The investment properties were valued on an open market basis on 31 March 2023 by the directors .

Deferred tax relating to the investment properties measured at fair value amounts to £8,000 (2021: £8,000).

COMMERCIAL REFURBISHMENT SERVICES LTD (REGISTERED NUMBER: 03496669)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 651 1,232

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 386
Taxation and social security 4,699 7,189
Other creditors 15,570 15,221
20,269 22,796

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RELATED PARTY DISCLOSURES

Included within other creditors falling due with one year are loan accounts from the directors amounting to £3,437 (2022: £3,088). The loans are unsecured, interest free and repayable on demand.