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REGISTERED NUMBER: 01586702 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CITY & ESSEX LIMITED

CITY & ESSEX LIMITED (REGISTERED NUMBER: 01586702)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY & ESSEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: I R Hookway





SECRETARY: Mrs S J Hookway





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 01586702 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

CITY & ESSEX LIMITED (REGISTERED NUMBER: 01586702)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,379 80,855
Investments 5 2,656,883 646,883
2,856,262 727,738

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 2,374,171 1,642,810
Cash at bank 976,242 2,722,661
3,352,413 4,367,471
CREDITORS
Amounts falling due within one year 7 2,027,035 1,241,752
NET CURRENT ASSETS 1,325,378 3,125,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,181,640

3,853,457

PROVISIONS FOR LIABILITIES 8 46,829 12,925
NET ASSETS 4,134,811 3,840,532

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Retained earnings 4,133,561 3,839,282
SHAREHOLDERS' FUNDS 4,134,811 3,840,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CITY & ESSEX LIMITED (REGISTERED NUMBER: 01586702)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 22 April 2024 and were signed by:





I R Hookway - Director


CITY & ESSEX LIMITED (REGISTERED NUMBER: 01586702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

City & Essex 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
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.

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.

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.

CITY & ESSEX LIMITED (REGISTERED NUMBER: 01586702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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 are measured at fair value, unless in the case of unlisted investments were fair value cannot be reliably measured, in which case it is measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 468 (2022 - 388 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Computer Plant and and
software machinery equipment
£    £    £   
COST
At 1 October 2022 22,909 177,850 35,692
Additions - 89,533 -
Disposals - - -
At 30 September 2023 22,909 267,383 35,692
DEPRECIATION
At 1 October 2022 22,909 126,398 26,865
Charge for year - 19,006 1,324
Eliminated on disposal - - -
At 30 September 2023 22,909 145,404 28,189
NET BOOK VALUE
At 30 September 2023 - 121,979 7,503
At 30 September 2022 - 51,452 8,827

CITY & ESSEX LIMITED (REGISTERED NUMBER: 01586702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 53,616 31,442 321,509
Additions 62,800 7,394 159,727
Disposals (27,418 ) - (27,418 )
At 30 September 2023 88,998 38,836 453,818
DEPRECIATION
At 1 October 2022 37,995 26,487 240,654
Charge for year 10,491 3,575 34,396
Eliminated on disposal (20,611 ) - (20,611 )
At 30 September 2023 27,875 30,062 254,439
NET BOOK VALUE
At 30 September 2023 61,123 8,774 199,379
At 30 September 2022 15,621 4,955 80,855

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022 646,883
Additions 2,010,000
At 30 September 2023 2,656,883
NET BOOK VALUE
At 30 September 2023 2,656,883
At 30 September 2022 646,883

Other investments represent the acquisition of unlisted shares in subsidiary companies and are currently valued at cost less impairment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,957,708 1,209,645
Other debtors - 22,514
Loan - Advance Cleaning Services Ltd 312,200 345,101
Prepayments and accrued income 104,263 65,550
2,374,171 1,642,810

CITY & ESSEX LIMITED (REGISTERED NUMBER: 01586702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 316,950 230,616
Tax 61,925 57,986
Social security and other taxes 316,272 202,935
VAT 583,541 361,530
Other creditors 528,660 377,687
Accrued expenses 219,687 10,998
2,027,035 1,241,752

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 46,829 12,925

Deferred
tax
£   
Balance at 1 October 2022 12,925
Provided during year 33,904
Balance at 30 September 2023 46,829

9. RELATED PARTY DISCLOSURES

During the year the company paid a lump sum contribution of £40,000 (2022: - £40,000) to the Hookway Family Pension Scheme of which I R Hookway is a trustee and beneficiary.

The company received £900,000 (2022: £768,000) during the year from City & Essex (London) Ltd for administration charges, I R Hookway is also a director of this company.

The company received £Nil (2022: £14,000) during the year from Advance Cleaning Services Ltd for administration charges, I R Hookway is also a director of this company.