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REGISTERED NUMBER: 07090729 (England and Wales)












CONSUMABLES CORPORATE GROUP LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


CONSUMABLES CORPORATE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: R D Hall
M J Hall
T M Hall
J M 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: 07090729 (England and Wales)





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

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2023


The directors present their strategic report of the company and the group for the year ended 31 July 2023.

REVIEW OF BUSINESS
The group's overall activity for the year ended 31 July 2023 resulted in an increase of 13.7% in turnover, and the highest turnover in the group's history. Following a decline in turnover post Covid, the 2022/23 financial year saw the position fully recovered with additional growth on top, particularly in the hygiene and janitorial product category. Direct costs followed a similar trend to the previous financial year through close monitoring and negotiations despite significant pressures surrounding supply chains. Overheads were largely impacted by inflation, increased interest rates and by outside geopolitical factors impacting freight costs both within the UK and on a global scale.

The group has continued to invest in their technology offering in order to maintain its position at the forefront of the industry, ensuring that it continues to provide exceptional added value solutions, services and products to their customers.

The group has managed to keep close control over direct costs and supply chain pressures through strict monitoring of stock levels and maintaining just-in-time demand planning software. Despite significant pressures with inflation, fuel surcharges, and extended delivery lead times due to pressures at the ports, the group has maintained strong relationships with both customers and suppliers.

The groups net assets at 31 July 2023 were £857,732 (2022: £541,397).

FUTURE DEVELOPMENTS
The group will continue to concentrate on providing exceptional customer service whilst organically growing existing sectors in the UK and looking to develop in new markets in Europe and beyond.Continued focus and investment in technology-based solutions to drive efficiencies and deliver value back to both its customers and suppliers remains the group's key focus.

PRINCIPAL RISKS AND UNCERTAINTIES
Geopolitical developments; there is an increasing risk of future global destabilisation which impacts on international business activities such as imports, exports, international trade restrictions, sanctions and supply chain delays.

Significant market shifts; changing customer demand, competitor activities, supplier availability and other stakeholder requirements are continually changing, there is a risk of unforeseen shifts which are outside the groups expectations.

Financial risks; ongoing interest rate fluctuations, inflation and general financial instability in the market leads to increasing costs of debt.

RESEARCH & DEVELOPMENT
During the year the group continued to invest in developing software that enhances efficiencies and allows for the improved monitoring and measurement of procurement using the group's bespoke technology.


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2023

KEY PERFORMANCE INDICATORS
Performance during the year, together with historical trend data is set out in the table below:

2023 2022 Definition, method of calculation
Turnover (£) 12,089,136 10,635,056 Taken directly from the consolidated income
statement.
Gross Margin (%) 31.92% 31.41% Gross margin is the ratio of gross profit before
exceptional items expressed as a percentage. The
directors are pleased that the gross margin has
increased despite the fall in turnover in theyear.
EBITDA (£) 1,124,176 593,456 Earnings before interest, tax, depreciation,
amortisation and exceptional items.

ON BEHALF OF THE BOARD:





J M Hall - Director


27 March 2024

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2023


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

DIVIDENDS
Interim dividends were paid monthly in respect of the company's Ordinary £1 shares.

The total distribution of dividends for the year ended 31 July 2023 was £186,821 (2022: £178,078).

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

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

Other changes in directors holding office are as follows:

J Trenwith - appointed 25 November 2022

DISCLOSURE IN THE STRATEGIC REPORT
The directors set out an analysis of the company's performance, key risks and uncertainties and future developments within the separate strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2023


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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





J M Hall - Director


27 March 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES CORPORATE GROUP LIMITED


Opinion
We have audited the financial statements of Consumables Corporate Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 July 2023 and of the group's 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 group 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 group's and the parent 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 Group Strategic Report and 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES CORPORATE GROUP LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES CORPORATE GROUP 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 CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Notes £ £

TURNOVER 12,089,136 10,635,056

Cost of sales (8,229,795 ) (7,294,960 )
GROSS PROFIT 3,859,341 3,340,096

Administrative expenses (3,035,609 ) (3,083,886 )
823,732 256,210

Other operating income 367 1,757
OPERATING PROFIT 4 824,099 257,967

Interest receivable and similar income 1,400 454
825,499 258,421
Gain on revaluation of assets - 105,000
825,499 363,421

Interest payable and similar expenses 5 (186,248 ) (90,096 )
PROFIT BEFORE TAXATION 639,251 273,325

Tax on profit 6 (139,649 ) 15,358
PROFIT FOR THE FINANCIAL YEAR 499,602 288,683
Profit attributable to:
Owners of the parent 499,487 288,611
Non-controlling interests 115 72
499,602 288,683

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Notes £ £

PROFIT FOR THE YEAR 499,602 288,683


OTHER COMPREHENSIVE INCOME
Gain on revaluation of fixed assets - (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

499,602

288,682

Total comprehensive income attributable to:
Owners of the parent 499,487 288,682
Non-controlling interests 115 -
499,602 288,682

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 9 800,105 914,723
Tangible assets 10 462,878 554,060
Investments 11 - -
1,262,983 1,468,783

CURRENT ASSETS
Stocks 12 989,639 907,533
Debtors 13 3,230,149 2,164,093
Cash at bank 430,727 201,368
4,650,515 3,272,994
CREDITORS
Amounts falling due within one year 14 (4,612,192 ) (3,964,190 )
NET CURRENT ASSETS/(LIABILITIES) 38,323 (691,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,301,306

777,587

CREDITORS
Amounts falling due after more than one
year

15

(376,920

)

(158,285

)

PROVISIONS FOR LIABILITIES 19 (66,654 ) (77,905 )
NET ASSETS 857,732 541,397

CAPITAL AND RESERVES
Called up share capital 20 1,140 1,140
Non - distributable reserves 104,999 104,999
Retained earnings 751,474 433,538
SHAREHOLDERS' FUNDS 857,613 539,677

NON-CONTROLLING INTERESTS 119 1,720
TOTAL EQUITY 857,732 541,397

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 CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

COMPANY BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 - -
Investments 11 21,997 21,997
21,997 21,997

CURRENT ASSETS
Debtors 13 43,330 144,911

CREDITORS
Amounts falling due within one year 14 (20,857 ) (121,093 )
NET CURRENT ASSETS 22,473 23,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,470

45,815

CAPITAL AND RESERVES
Called up share capital 20 1,140 1,140
Retained earnings 43,330 44,675
SHAREHOLDERS' FUNDS 44,470 45,815

Company's profit for the financial year 180,206 216,387

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 CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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

Called up Non -
share Retained distributable
capital earnings reserves
£ £ £
Balance at 1 August 2021 1,140 418,006 -

Changes in equity
Dividends - (178,078 ) -
Total comprehensive income - 183,611 104,999
Company purchase of own shares - 9,999 -
Balance at 31 July 2022 1,140 433,538 104,999

Changes in equity
Dividends - (181,551 ) -
Total comprehensive income - 499,487 -
Balance at 31 July 2023 1,140 751,474 104,999
Non-controlling Total
Total interests equity
£ £ £
Balance at 1 August 2021 419,146 - 419,146

Changes in equity
Dividends (178,078 ) - (178,078 )
Total comprehensive income 288,610 - 288,610
Company purchase of own shares 9,999 - 9,999
Balance at 31 July 2022 539,677 - 539,677

Changes in equity
Dividends (181,551 ) - (181,551 )
Total comprehensive income 499,487 115 499,602
Balance at 31 July 2023 857,613 115 857,728

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 August 2021 1,140 5,788 6,928

Changes in equity
Dividends - (177,500 ) (177,500 )
Total comprehensive income - 216,387 216,387
Balance at 31 July 2022 1,140 44,675 45,815

Changes in equity
Dividends - (181,551 ) (181,551 )
Total comprehensive income - 180,206 180,206
Balance at 31 July 2023 1,140 43,330 44,470

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 722,618 655,510
Interest paid (186,248 ) (85,701 )
Interest element of hire purchase payments
paid

-

(4,395

)
Tax paid (22,367 ) (6,399 )
Net cash from operating activities 514,003 559,015

Cash flows from investing activities
Purchase of intangible fixed assets (78,003 ) (80,299 )
Purchase of tangible fixed assets (15,291 ) (129,368 )
Sale of tangible fixed assets 302 6,173
Interest received 1,400 454
Net cash from investing activities (91,592 ) (203,040 )

Cash flows from financing activities
New loans in year 450,000 -
Loan repayments in year (107,763 ) (17,094 )
Capital repayments in year (17,788 ) (43,287 )
Amount introduced by directors - (2,803 )
Amount withdrawn by directors (100,235 ) (51,088 )
Loan to participating interest (533,333 ) -
Increase in invoice factoring utilised 297,618 (34,948 )
Equity dividends paid (181,551 ) (176,790 )
Net cash from financing activities (193,052 ) (326,010 )

Increase in cash and cash equivalents 229,359 29,965
Cash and cash equivalents at beginning of
year

2

201,368

171,403

Cash and cash equivalents at end of year 2 430,727 201,368

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2023


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£ £
Profit before taxation 639,251 273,325
Depreciation charges 106,171 126,141
Profit on disposal of fixed assets - (9,257 )
Gain on revaluation of fixed assets - (105,000 )
Goodwill amortisation 135,327 146,938
Other intangible amortisation 57,294 61,957
Non-controlling interest (1,716 ) -
Finance costs 186,248 90,096
Finance income (1,400 ) (454 )
1,121,175 583,746
(Increase)/decrease in stocks (82,106 ) 14,113
(Increase)/decrease in trade and other debtors (532,723 ) 13,197
Increase in trade and other creditors 216,272 44,454
Cash generated from operations 722,618 655,510

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2023
31.7.23 1.8.22
£ £
Cash and cash equivalents 430,727 201,368
Year ended 31 July 2022
31.7.22 1.8.21
£ £
Cash and cash equivalents 201,368 171,403


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2023


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.8.22 Cash flow At 31.7.23
£ £ £
Net cash
Cash at bank 201,368 229,359 430,727
201,368 229,359 430,727
Debt
Finance leases (17,788 ) 17,788 -
Debts falling due within 1 year (74,621 ) (123,602 ) (198,223 )
Debts falling due after 1 year (158,285 ) (218,635 ) (376,920 )
(250,694 ) (324,449 ) (575,143 )
Total (49,326 ) (95,090 ) (144,416 )

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


1. STATUTORY INFORMATION

Consumables Corporate Group 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 General 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 disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure Is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the group. 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.

Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

Going Concern
Consumables Manufacturing Limited, a company consolidated within the accounts, ceased operations at the beginning of the financial year. The company is in the process of disposing of its remaining assets as at the date of this report.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


2. ACCOUNTING POLICIES - continued

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.

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 - 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 Consolidated 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.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


2. ACCOUNTING POLICIES - continued

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 an 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.

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 period of the lease.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The Group 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 Group's statement of financial position when the group 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 group 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 group.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


3. EMPLOYEES AND DIRECTORS
2023 2022
£ £
Wages and salaries 1,219,356 1,188,347
Social security costs 144,796 135,389
Other pension costs 24,627 25,988
1,388,779 1,349,724

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 6 6
Warehouse 15 15
Technology and data 3 3
Administration 6 6
56 55

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 106,171 126,140
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 164,586 154,995

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£ £
Bank interest - 1,006
Bank loan interest 36,138 8,521
Directors' loan interest 1,345 5,011
Interest on factored debts 148,396 71,163
Hire purchase 369 4,395
186,248 90,096

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
Foreign tax - current 293 142
Total current tax 150,900 27,371

Deferred tax (11,251 ) (42,729 )
Tax on profit 139,649 (15,358 )

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


6. TAXATION - continued

Reconciliation of total tax charge/(credit) included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£ £
Profit before tax 639,251 273,325
Profit multiplied by the standard rate of corporation tax in the UK of 21 %
(2022 - 19 %)

134,243

51,932

Effects of:
Expenses not deductible for tax purposes 5,861 8,817
Income not taxable for tax purposes - (19,950 )
Adjustments to tax charge in respect of previous periods - 4,206
Allowable R&D costs and enhanced deduction (44,717 ) (51,440 )
Depreciation and amortisation on non-qualifying assets 41,026 52,624
Difference in rates for capital allowances - (13,940 )

adjustment
Effect of intercompany fixed asset movement - (47,607 )
Effect of change in tax rate (1,870 ) -
Deferred tax not provided on current year timing differences 5,106 -
Total tax charge/(credit) 139,649 (15,358 )

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 July 2023.

2022
Gross Tax Net
£ £ £
Gain on revaluation of fixed assets (1 ) - (1 )

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

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
2023 2022
£ £
Ordinary shares of 1 each
Interim 181,551 178,078

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


9. INTANGIBLE FIXED ASSETS

Group
Other
Domain intangible
Goodwill names assets Totals
£ £ £ £
COST OR VALUATION
At 1 August 2022 1,777,975 105,000 662,930 2,545,905
Additions - - 78,003 78,003
At 31 July 2023 1,777,975 105,000 740,933 2,623,908
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 329,758 105,000 365,347 800,105
At 31 July 2022 465,085 105,000 344,638 914,723

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 1,777,975 1 740,933 2,518,909
1,777,975 105,000 740,933 2,623,908

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


10. TANGIBLE FIXED ASSETS

Group
Fixtures
Long Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 August 2022 129,320 378,418 47,242
Additions - 5,568 786
Disposals (4,176 ) - -
At 31 July 2023 125,144 383,986 48,028
DEPRECIATION
At 1 August 2022 15,202 86,445 19,908
Charge for year 8,770 59,302 6,178
Eliminated on disposal (3,874 ) - -
At 31 July 2023 20,098 145,747 26,086
NET BOOK VALUE
At 31 July 2023 105,046 238,239 21,942
At 31 July 2022 114,118 291,973 27,334

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 August 2022 1,893 344,366 901,239
Additions 2,600 6,337 15,291
Disposals - - (4,176 )
At 31 July 2023 4,493 350,703 912,354
DEPRECIATION
At 1 August 2022 1,491 224,133 347,179
Charge for year 806 31,115 106,171
Eliminated on disposal - - (3,874 )
At 31 July 2023 2,297 255,248 449,476
NET BOOK VALUE
At 31 July 2023 2,196 95,455 462,878
At 31 July 2022 402 120,233 554,060

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£
COST
At 1 August 2022
and 31 July 2023 21,997
NET BOOK VALUE
At 31 July 2023 21,997
At 31 July 2022 21,997


Direct subsidiary undertakings
The following were direct subsidiary undertakings of the Company:

Name Registered office Class of
shares
Holding
Consumable Solutions
Limited
Unit 4 Ignition Faraday
Road,Dorcan,Swindon,England,SN
3 5HS
Ordinary 100%
Consumables Solutions
SPZOO
SP Z O O,Krolowej Jadwigi
16/1,Kujawsko-pomorskie,87-100,
Torun,Poland
Ordinary 95%
Consumables
Manufacturing Limited
and Consumables
Technology Limited
Unit 4 Ignition Faraday
Road,Dorcan,Swindon,England,SN
3 5HS
Ordinary 100%

Profits attributable to minority share holders are presented as non-controlling interests within equity on the statement of financial position.

Consumables Manufacturing Limited (Registered Number 07086762) is exempt under s479A Companies Act 2006 from the requirements of the same act relating to the audit of their individual financial statements. Consumables Technology Limited (Registered Number 12559564) is dormant.

Indirect subsidiary undertakings
The following were indirect subsidiary undertakings of the company:

Name Registered office Class of
shares
Holdings
Stephenson Supplies
Limited
1000 Lakeside,North
Harbour,Portsmouth,Hampshire,Un
ited Kingdom,PO6 3EN
Ordinary
A,Ordinary B
100%
Safe & Warm (North
West) Limited
1000 Lakeside,North
Harbour,Portsmouth,Hampshire,Un
ited Kingdom,PO6 3EN
Ordinary 100%

Both of these companies were dissolved during the year ending 31 July 2022.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


12. STOCKS

Group
2023 2022
£ £
Stocks 989,639 907,533

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£ £ £ £
Trade debtors 2,464,431 2,040,136 - -
Amounts owed by group undertakings - - 42,320 143,901
Amounts owed by participating interests 533,333 - - -
Other debtors 47,188 48,988 1,010 1,010
Prepayments and accrued income 185,197 74,969 - -
3,230,149 2,164,093 43,330 144,911

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

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£ £ £ £
Bank loans and overdrafts (see note 16) 198,223 74,621 - -
Hire purchase contracts (see note 17) - 17,788 - -
Trade creditors 1,642,068 1,454,282 - -
Amounts owed to group undertakings - - 1,003 1,003
Tax 156,147 27,614 - -
Social security and other taxes 27,414 28,722 - -
VAT 208,851 121,968 - -
Other creditors 2,170,202 1,883,984 19,854 19,855
Directors' loan accounts - 100,235 - 100,235
Accruals and deferred income 209,287 254,976 - -
4,612,192 3,964,190 20,857 121,093

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2023 2022
£ £
Bank loans (see note 16) 376,920 158,285

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


16. LOANS

An analysis of the maturity of loans is given below:

Group
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
Amounts falling due between two and five years:
Bank loans - 2-5 years 191,529 -

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

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

Group
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

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


18. SECURED DEBTS

The following secured debts are included within creditors:

Group
2023 2022
£ £
Hire purchase contracts - 17,788
Other creditors 2,075,739 1,778,121
Bank 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 group'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.

19. PROVISIONS FOR LIABILITIES

Group
2023 2022
£ £
Deferred tax 66,654 77,905

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

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,140 Ordinary 1 1,140 1,140

21. RELATED PARTY DISCLOSURES

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.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


22. ULTIMATE CONTROLLING PARTY

The group is controlled by R D Hall, M J Hall, and J M Hall by virtue of their holding of a majority of shares in the parent company.