5 false false false false false false false false false false true false false false false false false 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08205737 2022-10-01 2024-02-29 08205737 2024-02-29 08205737 2022-09-30 08205737 2021-10-01 2022-09-30 08205737 2022-09-30 08205737 2021-09-30 08205737 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-01 2024-02-29 08205737 core:FurnitureFittings 2022-10-01 2024-02-29 08205737 core:MotorVehicles 2022-10-01 2024-02-29 08205737 bus:RegisteredOffice 2022-10-01 2024-02-29 08205737 bus:OrdinaryShareClass1 2022-10-01 2024-02-29 08205737 bus:Director1 2022-10-01 2024-02-29 08205737 bus:Director2 2022-10-01 2024-02-29 08205737 core:WithinOneYear 2024-02-29 08205737 core:WithinOneYear 2022-09-30 08205737 core:AfterOneYear 2024-02-29 08205737 core:AfterOneYear 2022-09-30 08205737 core:ShareCapital 2024-02-29 08205737 core:ShareCapital 2022-09-30 08205737 core:RetainedEarningsAccumulatedLosses 2024-02-29 08205737 core:RetainedEarningsAccumulatedLosses 2022-09-30 08205737 bus:SmallEntities 2022-10-01 2024-02-29 08205737 bus:AuditExemptWithAccountantsReport 2022-10-01 2024-02-29 08205737 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2024-02-29 08205737 bus:PrivateLimitedCompanyLtd 2022-10-01 2024-02-29 08205737 bus:AbridgedAccounts 2022-10-01 2024-02-29 08205737 bus:OrdinaryShareClass1 2024-02-29 08205737 bus:OrdinaryShareClass1 2022-09-30 08205737 core:OfficeEquipment 2022-10-01 2024-02-29
COMPANY REGISTRATION NUMBER: 08205737
C S Bindery Solutions Ltd
Filleted Unaudited Abridged Financial Statements
29 February 2024
C S Bindery Solutions Ltd
Abridged Financial Statements
Period from 1 October 2022 to 29 February 2024
Contents
Pages
Directors' report
1
Abridged statement of financial position
2 to 3
Notes to the abridged financial statements
4 to 7
C S Bindery Solutions Ltd
Directors' Report
Period from 1 October 2022 to 29 February 2024
The directors present their report and the unaudited abridged financial statements of the company for the period ended 29 February 2024 .
Principal activities
The principal activity of the company during the year was the sale of quality used post press machines to the finishing trade.
Directors
The directors who served the company during the period were as follows:
Mr N P Cutting
Mr M A Simpson
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 July 2024 and signed on behalf of the board by:
Mr M A Simpson
Director
Registered office:
Unit 2 Broadshires way
Carterton
Oxfordshire
OX18 1AD
C S Bindery Solutions Ltd
Abridged Statement of Financial Position
29 February 2024
29 Feb 24
30 Sep 22
Note
£
£
Fixed Assets
Tangible assets
5
416,990
444,313
Current Assets
Stocks
232,880
Debtors
48,581
182,984
Investments
6
651
419
Cash at bank and in hand
91,095
410,509
---------
---------
140,327
826,792
Creditors: amounts falling due within one year
518,531
955,409
---------
---------
Net Current Liabilities
378,204
128,617
---------
---------
Total Assets Less Current Liabilities
38,786
315,696
Creditors: amounts falling due after more than one year
30,368
211,635
Provisions
Taxation including deferred tax
6,958
9,317
--------
---------
Net Assets
1,460
94,744
--------
---------
Capital and Reserves
Called up share capital
7
100
100
Profit and loss account
1,360
94,644
-------
--------
Shareholders Funds
1,460
94,744
-------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
C S Bindery Solutions Ltd
Abridged Statement of Financial Position (continued)
29 February 2024
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the period ending 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
Mr M A Simpson
Director
Company registration number: 08205737
C S Bindery Solutions Ltd
Notes to the Abridged Financial Statements
Period from 1 October 2022 to 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Broadshires way, Carterton, Oxfordshire, OX18 1AD.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors are of the opinion that the company has adequate resources to fund its operations for the foreseeable future and so determine that it is appropriate to prepare the financial statements on a going concern basis.
Revenue recognition
Rental income shown in the profit and loss account represents rents receivable during the period. The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Finance leases and hire purchase contracts
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability, and the interest is charged to the profit and loss account on a straight line basis.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Basic financial instruments are initially recognised at the transaction price. Publicly traded investments are subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 5 (2022: 5 ).
5. Tangible assets
£
Cost
At 1 October 2022
618,230
Additions
5,379
Disposals
( 13,245)
---------
At 29 February 2024
610,364
---------
Depreciation
At 1 October 2022
173,917
Charge for the period
29,057
Disposals
( 9,600)
---------
At 29 February 2024
193,374
---------
Carrying amount
At 29 February 2024
416,990
---------
At 30 September 2022
444,313
---------
6. Investments
29 Feb 24
30 Sep 22
£
£
Other investments
651
419
----
----
7. Called up share capital
Issued, called up and fully paid
29 Feb 24
30 Sep 22
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. Directors' advances, credits and guarantees
There are no directors' credits, advances or guarantees that require disclosure.
9. Related party transactions
Included within creditors is a balance of £104,422 (2022: £81,901) owed to an entity in which the company has a participating interest. This balance is interest free, unsecured and repayable on demand.