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REGISTERED NUMBER: 07414867 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2023

for

CSEF Limited

CSEF Limited (Registered number: 07414867)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CSEF Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: G A Smith
Mrs N J Smith





SECRETARY:





REGISTERED OFFICE: Suite 1 3rd Floor
Metropolitan House
Station Road Cheadle Hulme
Cheadle
Cheshire
SK8 7AZ





REGISTERED NUMBER: 07414867 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

CSEF Limited (Registered number: 07414867)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 69,959 86,081
69,959 86,081

CURRENT ASSETS
Debtors 7 32,302 58,609
Cash at bank 39,931 60,030
72,233 118,639
CREDITORS
Amounts falling due within one year 8 56,016 76,518
NET CURRENT ASSETS 16,217 42,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,176

128,202

CREDITORS
Amounts falling due after more than one
year

9

(76,508

)

(89,363

)

PROVISIONS FOR LIABILITIES (2,130 ) (2,130 )
NET ASSETS 7,538 36,709

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7,536 36,707
SHAREHOLDERS' FUNDS 7,538 36,709

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CSEF Limited (Registered number: 07414867)

Statement of Financial Position - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





G A Smith - Director


CSEF Limited (Registered number: 07414867)

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


1. STATUTORY INFORMATION

CSEF 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.


CSEF Limited (Registered number: 07414867)

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


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 26,250
AMORTISATION
At 1 September 2022
and 31 August 2023 26,250
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

CSEF Limited (Registered number: 07414867)

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


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 1,003 24,560 97,000 27,065 149,628
Additions - 4,737 - - 4,737
At 31 August 2023 1,003 29,297 97,000 27,065 154,365
DEPRECIATION
At 1 September 2022 907 12,458 25,795 24,387 63,547
Charge for year 14 1,876 17,801 1,168 20,859
At 31 August 2023 921 14,334 43,596 25,555 84,406
NET BOOK VALUE
At 31 August 2023 82 14,963 53,404 1,510 69,959
At 31 August 2022 96 12,102 71,205 2,678 86,081

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,290 44,284
Other debtors 10,012 14,325
32,302 58,609

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,243 5,113
Hire purchase contracts 3,576 3,285
Trade creditors 21,916 26,384
Taxation and social security 9,707 11,193
Other creditors 15,574 30,543
56,016 76,518

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,790 41,069
Hire purchase contracts 44,718 48,294
76,508 89,363

CSEF Limited (Registered number: 07414867)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 48,294 51,579

Hire purchase creditors are secured over the assets to which they relate.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
G A Smith
Balance outstanding at start of year (5,130 ) (41,186 )
Amounts advanced - 36,056
Amounts repaid (704 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,834 ) (5,130 )

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £809 (2022 - £1,390) were paid to the directors .

13. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 7 March 2024.

14. ULTIMATE CONTROLLING PARTY

The controlling party is the directors acting in concert.

The ultimate controlling party is the directors acting in concert.