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REGISTERED NUMBER: 02868176 (England and Wales)












CONSUMABLES SOLUTIONS LIMITED

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 6

Other Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


CONSUMABLES SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J M Hall
R D Hall
T M Hall
M J Hall
J Trenwith





SECRETARIES: M J Hall
J A A Hall





REGISTERED OFFICE: Unit 4 Ignition
Faraday Road
Dorcan
Swindon
Wiltshire
SN3 5HS





REGISTERED NUMBER: 02868176 (England and Wales)





AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2023


The directors present their report with the financial statements of the company for the year ended 31 July 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2022 to the date of this report.

J M Hall
R D Hall
T M Hall
M J Hall

Other changes in directors holding office are as follows:

J Trenwith - appointed 25 November 2022

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J M Hall - Director


27 March 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES SOLUTIONS LIMITED


Opinion
We have audited the financial statements of Consumables Solutions Limited (the 'company') for the year ended 31 July 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 July 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES SOLUTIONS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES SOLUTIONS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities even though the audit has been properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, and the industry in which it operates. These include but are not limited to compliance with the Companies Act 2006, UK Generally Accepted Accounting Practice and the relevant tax compliance regulations for the company.

- We obtained an understanding of how the company is complying with these frameworks through discussions with management.

- We enquired with management whether there were any instances of non-compliance with laws and regulations or whether they had knowledge of actual or suspected fraud. These enquiries are corroborated through follow-up audit procedures including but not limited to a review of legal and professional costs and correspondence.

- We assessed the susceptibility of the company's financial statements to material misstatement, including the risk of fraud and management override of controls. We designed our audit procedures to respond to this assessment, including the identification and testing of any related party transactions and the testing of journal transactions that arise from management estimates, that are determined to be of significant value or unusual in their nature.

- We assessed the appropriateness of the collective competence and capabilities of the engagement team, including consideration of the engagement team's knowledge and understanding of the industry in which the company operates in, and their practical experience through training and participation with audit engagements of a similar nature.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




James Flood ACA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

2 April 2024

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Notes £ £

TURNOVER 12,089,136 10,563,981

Cost of sales (8,229,795 ) (7,291,393 )
GROSS PROFIT 3,859,341 3,272,588

Administrative expenses (3,003,959 ) (2,984,705 )
855,382 287,883

Other operating income 367 77,966
OPERATING PROFIT 4 855,749 365,849

Interest receivable and similar income 1,116 -
856,865 365,849
Gain on revaluation of assets - 105,000
856,865 470,849

Interest payable and similar expenses 5 (184,903 ) (85,104 )
PROFIT BEFORE TAXATION 671,962 385,745

Tax on profit 6 (139,356 ) 15,500
PROFIT FOR THE FINANCIAL YEAR 532,606 401,245

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Notes £ £

PROFIT FOR THE YEAR 532,606 401,245


OTHER COMPREHENSIVE INCOME
- (1 )
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

(1

)
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

532,606

401,244

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 8 1,130,309 1,244,927
Tangible assets 9 334,055 386,684
1,464,364 1,631,611

CURRENT ASSETS
Stocks 10 989,639 907,533
Debtors 11 3,496,360 2,441,787
Cash at bank 426,515 193,848
4,912,514 3,543,168
CREDITORS
Amounts falling due within one year 12 (4,612,290 ) (3,968,630 )
NET CURRENT ASSETS/(LIABILITIES) 300,224 (425,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,764,588

1,206,149

CREDITORS
Amounts falling due after more than one
year

13

(376,920

)

(158,285

)

PROVISIONS FOR LIABILITIES 17 (66,654 ) (77,905 )
NET ASSETS 1,321,014 969,959

CAPITAL AND RESERVES
Called up share capital 18 10,000 10,000
Non- distributable reserves 104,999 104,999
Retained earnings 1,206,015 854,960
SHAREHOLDERS' FUNDS 1,321,014 969,959

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





J M Hall - Director


CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023

Called up Non-
share Retained distributable Total
capital earnings reserves equity
£ £ £ £
Balance at 1 August 2021 10,000 726,216 - 736,216

Changes in equity
Dividends - (177,500 ) - (177,500 )
Total comprehensive income - 296,245 104,999 401,244
Company purchase of own shares - 9,999 - 9,999
Balance at 31 July 2022 10,000 854,960 104,999 969,959

Changes in equity
Dividends - (181,551 ) - (181,551 )
Total comprehensive income - 532,606 - 532,606
Balance at 31 July 2023 10,000 1,206,015 104,999 1,321,014

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


1. STATUTORY INFORMATION

Consumables Solutions 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when the goods are despatched to the customer and the amount of revenue can be measured reliably.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in previous years, is being amortised over their estimated useful economic lives of ten years.

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets - domain names
Domain names are carried at their fair value less any accumulated amortisation and impairment losses. Revaluations are completed on a periodic basis to ensure the fair value used is accurate. Any uplift in valuation is held within non-distributable reserves.

Intangible assets - other intangible assets
Other intangible assets are initially measured at cost. After initial recognition the assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


2. ACCOUNTING POLICIES - continued

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.
Long leasehold - Over the length of the lease
Plant and machinery - Straight line over 5 years
Fixtures and fittings - 15% Straight line, Straight line over 4 years and Straight line over 3 years
Motor vehicles - Straight line over 3 years
Computer equipment and software - 3-10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less cost to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment and to see whether a stock provision is required. If stock is impaired, the carrying amount is reduced to its selling pice less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Stock is provided for where there has been no movements in the calendar year, at a percentage agreed upon by the directors.

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.

Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate future economic benefits and that its cost can be reliably measured. The capitalised developments costs are subsequently amortised on a straight line basis over their useful economic lives of 10 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivables as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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.

Financial 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 assets
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of 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.

3. EMPLOYEES AND DIRECTORS
2023 2022
£ £
Wages and salaries 1,257,262 1,219,316
Social security costs 122,427 116,985
Other pension costs 24,627 25,988
1,404,316 1,362,289

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2023 2022

Directors 5 4
One-Team 15 15
Customer services 6 6
Supply chain 2 2
Warehouse 15 16
Administration 4 4
47 47

2023 2022
£ £
Directors' remuneration 188,942 142,656

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£ £
Hire of plant and machinery 38,947 31,711
Other operating leases 14,148 53,897
Depreciation - owned assets 67,618 100,749
Loss/(profit) on disposal of fixed assets 302 (9,257 )
Goodwill amortisation 135,327 146,938
Other intangible assets amortisation 57,294 61,957
Auditors' remuneration 11,025 10,500
Warehouse rentals under lease 164,586 154,995

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£ £
Bank interest - 1,006
Bank loan interest 36,138 8,521
Directors' loan interest - 19
Interest on factored debts 148,396 71,163
Hire purchase 369 4,395
184,903 85,104

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


6. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
2023 2022
£ £
Current tax:
UK corporation tax 150,607 23,023
Prior year over/under provision - 4,206
Total current tax 150,607 27,229

Deferred tax (11,251 ) (42,729 )
Tax on profit 139,356 (15,500 )

Tax effects relating to effects of other comprehensive income

2022
Gross Tax Net
£ £ £
Revaluation of domain name (1 ) - (1 )

UK corporation tax has been charged at a marginal effective rate of 21% (2022 - 19%).

7. DIVIDENDS
2023 2022
£ £
Ordinary shares of 1 each
Interim 181,551 177,500

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


8. INTANGIBLE FIXED ASSETS
Other
Domain intangible
Goodwill names assets Totals
£ £ £ £
COST OR VALUATION
At 1 August 2022 2,108,179 105,000 662,930 2,876,109
Additions - - 78,003 78,003
At 31 July 2023 2,108,179 105,000 740,933 2,954,112
AMORTISATION
At 1 August 2022 1,312,890 - 318,292 1,631,182
Amortisation for year 135,327 - 57,294 192,621
At 31 July 2023 1,448,217 - 375,586 1,823,803
NET BOOK VALUE
At 31 July 2023 659,962 105,000 365,347 1,130,309
At 31 July 2022 795,289 105,000 344,638 1,244,927

Cost or valuation at 31 July 2023 is represented by:

Other
Domain intangible
Goodwill names assets Totals
£ £ £ £
Valuation in 2022 - 104,999 - 104,999
Cost 2,108,179 1 740,933 2,849,113
2,108,179 105,000 740,933 2,954,112

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


9. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 August 2022 129,320 185,091 47,242
Additions - 5,568 786
Disposals (4,176 ) - -
At 31 July 2023 125,144 190,659 48,028
DEPRECIATION
At 1 August 2022 15,202 60,494 19,908
Charge for year 8,770 20,749 6,178
Eliminated on disposal (3,874 ) - -
At 31 July 2023 20,098 81,243 26,086
NET BOOK VALUE
At 31 July 2023 105,046 109,416 21,942
At 31 July 2022 114,118 124,597 27,334

Computer
equipment
Motor and
vehicles software Totals
£ £ £
COST
At 1 August 2022 1,610 344,366 707,629
Additions 2,600 6,337 15,291
Disposals - - (4,176 )
At 31 July 2023 4,210 350,703 718,744
DEPRECIATION
At 1 August 2022 1,208 224,133 320,945
Charge for year 806 31,115 67,618
Eliminated on disposal - - (3,874 )
At 31 July 2023 2,014 255,248 384,689
NET BOOK VALUE
At 31 July 2023 2,196 95,455 334,055
At 31 July 2022 402 120,233 386,684

10. STOCKS
2023 2022
£ £
Stocks 989,639 907,533

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 2,464,431 2,040,136
Amounts owed by group undertakings 268,486 280,933
Amounts owed by participating interests 533,333 -
Other debtors 45,987 47,233
Prepayments and accrued income 184,123 73,485
3,496,360 2,441,787

Amounts owed by group undertakings and participating interests are interest free and repayable on demand.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 14) 198,223 74,621
Hire purchase contracts (see note 15) - 17,788
Trade creditors 1,642,069 1,453,405
Amounts owed to group undertakings 42,320 142,596
Tax 151,556 23,023
Social security and other taxes 27,414 28,722
VAT 211,144 122,937
Other creditors 2,130,277 1,850,562
Accruals and deferred income 209,287 254,976
4,612,290 3,968,630

Amounts owed to group undertakings are interest free and repayable on demand.

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans (see note 14) 376,920 158,285

14. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 198,223 74,621

Amounts falling due between one and two years:
Bank loans - 1-2 years 185,391 158,285

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


14. LOANS - continued
2023 2022
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 191,529 -

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year - 17,788

Non-cancellable
operating leases
2023 2022
£ £
Within one year 262,102 165,379
Between one and five years 819,478 715,496
In more than five years 1,144,712 1,464,367
2,226,292 2,345,242

16. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts - 17,788
Other creditors 2,075,739 1,778,121
Loans 416,859 -
2,492,598 1,795,909

Hire purchase liabilities are secured against the assets to which the finance relates.

Included in other creditors is an invoice factoring facility, which is secured via a fixed and floating charge over all of the company's fixed and current assets.

Personal guarantees to the total value of £295,000 have been provided by three directors over the invoice factoring and cash flow loan facilities. Upon full repayment of the cash flow loan, the value of personal guarantees will reduce to £150,000.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


17. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 66,654 77,905

Deferred tax
£
Balance at 1 August 2022 77,905
Accelerated capital allowances (11,251 )
Balance at 31 July 2023 66,654

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10,000 Ordinary 1 10,000 10,000

19. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year restructuring took place resulting in a loan of £533,333 being made to Consumables MBO Limited, a company with a participating interest in Consumables Solutions Limited. At the balance sheet date, the company was owed £533,333 by Consumables MBO Limited. The loan is interest free and repayable on demand.

20. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Consumables Corporate Group Limited whose registered office is Unit 4 Ignition Faraday Road, Dorcan, Swindon, England, SN3 5HS.

The smallest and largest company which prepares consolidated accounts in which these figures are included is Consumables Corporate Group Limited. Copies of these financial statements are available at Companies House.