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REGISTERED NUMBER: 04916027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Taskforce (GB) Limited

Taskforce (GB) Limited (Registered number: 04916027)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taskforce (GB) Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: Mr N E Stevens
Mr G J Cannon
Mrs E Stevens
Mrs B J Cannon





REGISTERED OFFICE: Taskforce Group
24 Campbell Court
Bramley
Hampshire
RG26 5EG





REGISTERED NUMBER: 04916027 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Taskforce (GB) Limited (Registered number: 04916027)

Balance Sheet
31 October 2022

31.10.22 31.10.21
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 179,434 194,465
Investments 5 201 201
179,635 194,666

CURRENT ASSETS
Stocks 120,000 110,000
Debtors 6 1,667,454 2,179,236
Cash at bank and in hand 681,528 225,232
2,468,982 2,514,468
CREDITORS
Amounts falling due within one year 7 (965,434 ) (1,218,445 )
NET CURRENT ASSETS 1,503,548 1,296,023
TOTAL ASSETS LESS CURRENT LIABILITIES 1,683,183 1,490,689

CREDITORS
Amounts falling due after more than one year 8 (94,939 ) (101,855 )

PROVISIONS FOR LIABILITIES - (817 )
NET ASSETS 1,588,244 1,388,017

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,588,144 1,387,917
SHAREHOLDERS' FUNDS 1,588,244 1,388,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

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

Taskforce (GB) Limited (Registered number: 04916027)

Balance Sheet - continued
31 October 2022


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 28 February 2024 and were signed on its behalf by:





Mr G J Cannon - Director


Taskforce (GB) Limited (Registered number: 04916027)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Taskforce (GB) 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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due. Turnover is recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and 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.


Taskforce (GB) Limited (Registered number: 04916027)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

2. ACCOUNTING POLICIES - continued
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.

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.

Investments
Investments in subsidiary undertakings are stated at cost less any provisions for impairment in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2021 154,598 322,769 477,367
Disposals - (12,691 ) (12,691 )
At 31 October 2022 154,598 310,078 464,676
DEPRECIATION
At 1 November 2021 - 282,902 282,902
Charge for year - 15,031 15,031
Eliminated on disposal - (12,691 ) (12,691 )
At 31 October 2022 - 285,242 285,242
NET BOOK VALUE
At 31 October 2022 154,598 24,836 179,434
At 31 October 2021 154,598 39,867 194,465

Taskforce (GB) Limited (Registered number: 04916027)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. 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
At 1 November 2021
and 31 October 2022 31,705
DEPRECIATION
At 1 November 2021 528
Charge for year 6,341
At 31 October 2022 6,869
NET BOOK VALUE
At 31 October 2022 24,836
At 31 October 2021 31,177

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 November 2021
and 31 October 2022 201
NET BOOK VALUE
At 31 October 2022 201
At 31 October 2021 201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
as restated
£    £   
Trade debtors 1,147,893 1,749,820
Other debtors 519,561 429,416
1,667,454 2,179,236

Taskforce (GB) Limited (Registered number: 04916027)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
as restated
£    £   
Bank loans and overdrafts 5,919 9,424
Hire purchase contracts (see note 9) 4,501 15,295
Trade creditors 601,548 791,831
Taxation and social security 239,830 283,876
Other creditors 113,636 118,019
965,434 1,218,445

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.22 31.10.21
as restated
£    £   
Bank loans 74,346 76,761
Hire purchase contracts (see note 9) 20,593 25,094
94,939 101,855

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 50,669 29,494

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.10.22 31.10.21
as restated
£    £   
Net obligations repayable:
Within one year 4,501 15,295
Between one and five years 20,593 25,094
25,094 40,389

Non-cancellable operating leases
31.10.22 31.10.21
as restated
£    £   
Within one year 1,074 3,221
Between one and five years - 1,074
1,074 4,295

Taskforce (GB) Limited (Registered number: 04916027)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
as restated
£    £   
Bank loans 80,265 86,185

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
as restated
£    £   
Mr N E Stevens
Balance outstanding at start of year 31,243 21,243
Amounts advanced 5,195 10,000
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,438 31,243

Mr G J Cannon
Balance outstanding at start of year 29,305 29,305
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,305 29,305

12. RELATED PARTY DISCLOSURES

N E Stevens and G J Cannon (Company directors and shareholders) are also directors and shareholders of Taskforce GB (Recruitment) Limited and Taskforce (Field Marketing) Limited.

During the year the company made a loan of £95,000 to Taskforce (Field Marketing) Limited. All transactions were made under normal trading terms. As at 31 October 2022 the company was owed £440,005 (2021: £345,005 as restated) by Taskforce (Field Marketing) Limited.

During the year the company has written off a net amount of £36,058 owed to Taskforce GB (Recruitment) Limited as Taskforce GB (Recruitment) Limited has been dissolved.

13. ULTIMATE CONTROLLING PARTY

Throughout the year, N E Stevens, Mrs E Stevens, G J Cannon, Mrs B Cannon (Directors) and the estate of Mr E J Stevens controlled the company by virtue of their holding 20% each of the ordinary issued share capital.