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REGISTERED NUMBER: 03231298 (England and Wales)















CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED (REGISTERED NUMBER: 03231298)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Edwards
Mrs C S Edwards
M D M Doolin
Mrs C Dennis





SECRETARY: Mrs C S Edwards





REGISTERED OFFICE: T/A Prime Facility Services
Unit B3
Halesfield 11
Telford
Shropshire
TF7 4PH





REGISTERED NUMBER: 03231298 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED (REGISTERED NUMBER: 03231298)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,865 113,429
Tangible assets 5 258,299 253,728
306,164 367,157

CURRENT ASSETS
Debtors 6 1,193,070 1,250,196
Cash at bank 127,743 11,387
1,320,813 1,261,583
CREDITORS
Amounts falling due within one year 7 844,879 865,075
NET CURRENT ASSETS 475,934 396,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

782,098

763,665

CREDITORS
Amounts falling due after more than one
year

8

(36,675

)

(24,792

)

PROVISIONS FOR LIABILITIES (48,814 ) (47,887 )
NET ASSETS 696,609 690,986

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 696,509 690,886
SHAREHOLDERS' FUNDS 696,609 690,986

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

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

CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED (REGISTERED NUMBER: 03231298)

Balance Sheet - continued
31 December 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 29 February 2024 and were signed on its behalf by:





D J Edwards - Director


CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED (REGISTERED NUMBER: 03231298)

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

1. STATUTORY INFORMATION

Contract Services (Wolverhampton & Wrekin) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of business in 2018 and 2022, is being amortised evenly over its estimated useful life of five 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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED (REGISTERED NUMBER: 03231298)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 382 (2022 - 365 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 500,858
AMORTISATION
At 1 January 2023 387,429
Charge for year 65,564
At 31 December 2023 452,993
NET BOOK VALUE
At 31 December 2023 47,865
At 31 December 2022 113,429

CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED (REGISTERED NUMBER: 03231298)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 141,238 157,137 17,609
Additions - 9,428 -
Disposals - (2,499 ) -
At 31 December 2023 141,238 164,066 17,609
DEPRECIATION
At 1 January 2023 108,291 82,482 15,349
Charge for year 4,711 12,661 339
Eliminated on disposal - (1,925 ) -
At 31 December 2023 113,002 93,218 15,688
NET BOOK VALUE
At 31 December 2023 28,236 70,848 1,921
At 31 December 2022 32,947 74,655 2,260

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 221,247 72,043 609,274
Additions 37,990 6,080 53,498
Disposals (14,122 ) - (16,621 )
At 31 December 2023 245,115 78,123 646,151
DEPRECIATION
At 1 January 2023 104,456 44,968 355,546
Charge for year 21,059 4,862 43,632
Eliminated on disposal (9,401 ) - (11,326 )
At 31 December 2023 116,114 49,830 387,852
NET BOOK VALUE
At 31 December 2023 129,001 28,293 258,299
At 31 December 2022 116,791 27,075 253,728

The net book value of tangible fixed assets includes £ 78,102 (2022 - £ 52,067 ) in respect of assets held under hire purchase contracts.

CONTRACT SERVICES (WOLVERHAMPTON &
WREKIN) LIMITED (REGISTERED NUMBER: 03231298)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 585,555 673,056
Amounts owed group undertaking 538,196 512,613
Other debtors - 4,771
Prepayments and accrued income 69,319 59,756
1,193,070 1,250,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 20,833
Hire purchase contracts 18,509 14,976
Trade creditors 132,047 146,634
Social security and other taxes 381,544 291,074
Other creditors 307,408 12,759
Invoice discounting liability - 257,508
Directors' current accounts - 29,458
Accruals and deferred income 5,371 91,833
844,879 865,075

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 36,675 24,792

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 20,833
Hire purchase contracts 55,184 39,768
Invoice discounting liability - 257,508
55,184 318,109

The invoice discounting liability is secured on the company's trade debtors. The hire purchase liability is secured on the asset to which the borrowing relates.

10. OTHER FINANCIAL COMMITMENTS

At 31 December 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £95,393.