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REGISTERED NUMBER: 11019910 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Commercial Repair Services Ltd

Commercial Repair Services Ltd (Registered number: 11019910)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Commercial Repair Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M Evans





REGISTERED OFFICE: Nissen Hut
62 Church Street
Darlaston
West Midlands
WS10 8DZ





REGISTERED NUMBER: 11019910 (England and Wales)





ACCOUNTANTS: Concept Accountancy Services Ltd
1 Market Square
High Street
Cradley Heath
West Midlands
B64 5HH

Commercial Repair Services Ltd (Registered number: 11019910)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,838 17,340

CURRENT ASSETS
Stocks 33,750 22,900
Debtors 5 3,591 2,670
Cash at bank and in hand 3,570 226
40,911 25,796
CREDITORS
Amounts falling due within one year 6 24,446 9,978
NET CURRENT ASSETS 16,465 15,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,303

33,158

CREDITORS
Amounts falling due after more than one
year

7

(15,497

)

(18,101

)

PROVISIONS FOR LIABILITIES 8 (3,009 ) (3,295 )
NET ASSETS 13,797 11,762

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 3,797 1,762
SHAREHOLDERS' FUNDS 13,797 11,762

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

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

Commercial Repair Services Ltd (Registered number: 11019910)

Balance Sheet - continued
31 October 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 12 March 2024 and were signed by:





M Evans - Director


Commercial Repair Services Ltd (Registered number: 11019910)

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

1. STATUTORY INFORMATION

Commercial Repair 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% 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.

Commercial Repair Services Ltd (Registered number: 11019910)

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

2. ACCOUNTING POLICIES - continued

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

Financial instruments and equity instruments
The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 37,215 1,798 2,000 41,013
Additions 5,312 - - 5,312
At 31 October 2023 42,527 1,798 2,000 46,325
DEPRECIATION
At 1 November 2022 21,263 1,210 1,200 23,673
Charge for year 6,145 269 400 6,814
At 31 October 2023 27,408 1,479 1,600 30,487
NET BOOK VALUE
At 31 October 2023 15,119 319 400 15,838
At 31 October 2022 15,952 588 800 17,340

Commercial Repair Services Ltd (Registered number: 11019910)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 3,154 2,670
Other debtors 437 -
3,591 2,670

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,556 2,556
Trade creditors 11,881 357
Taxation and social security 6,533 4,171
Other creditors 3,476 2,894
24,446 9,978

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,497 18,101

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 5,273 7,877

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 3,009 3,295

Deferred
tax
£   
Balance at 1 November 2022 3,295
Provided during year (286 )
Balance at 31 October 2023 3,009

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1,000 Ordinary £10 10,000 10,000

Commercial Repair Services Ltd (Registered number: 11019910)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Evans.