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REGISTERED NUMBER: 07854670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CITY GROUP MANAGED SERVICES LTD

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY GROUP MANAGED SERVICES LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: A Cole





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
London
W1B 3HH





REGISTERED NUMBER: 07854670 (England and Wales)

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,985 122,629

CURRENT ASSETS
Stocks 76,000 63,478
Debtors 5 582,404 493,005
Cash at bank and in hand 240,648 177,067
899,052 733,550
CREDITORS
Amounts falling due within one year 6 595,743 602,180
NET CURRENT ASSETS 303,309 131,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,294

253,999

CREDITORS
Amounts falling due after more than one
year

7

(154,720

)

(913

)

PROVISIONS FOR LIABILITIES (30,496 ) (30,657 )
NET ASSETS 240,078 222,429

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 598 598
Retained earnings 239,378 221,729
240,078 222,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

BALANCE SHEET - continued
30 November 2023


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

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

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





A Cole - Director


CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

City Group Managed Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

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

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 126 (2022 - 118 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 20,000 26,792 12,705
Additions - 10,610 -
Disposals - - -
At 30 November 2023 20,000 37,402 12,705
DEPRECIATION
At 1 December 2022 - 13,089 9,424
Charge for year - 7,039 820
At 30 November 2023 - 20,128 10,244
NET BOOK VALUE
At 30 November 2023 20,000 17,274 2,461
At 30 November 2022 20,000 13,703 3,281

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 112,102 14,325 185,924
Additions 28,945 5,122 44,677
Disposals (14,000 ) - (14,000 )
At 30 November 2023 127,047 19,447 216,601
DEPRECIATION
At 1 December 2022 30,680 10,102 63,295
Charge for year 21,593 1,869 31,321
At 30 November 2023 52,273 11,971 94,616
NET BOOK VALUE
At 30 November 2023 74,774 7,476 121,985
At 30 November 2022 81,422 4,223 122,629

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 10,800
Additions 18,950
At 30 November 2023 29,750
DEPRECIATION
At 1 December 2022 6,908
Charge for year 5,710
At 30 November 2023 12,618
NET BOOK VALUE
At 30 November 2023 17,132
At 30 November 2022 3,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 320,060 232,550
Amounts owed by group undertakings 12,783 6,533
Other debtors 249,561 253,922
582,404 493,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 40,000 -
Hire purchase contracts 4,461 2,192
Trade creditors 273,291 421,921
Taxation and social security 166,854 102,274
Other creditors 111,137 75,793
595,743 602,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 140,000 -
Hire purchase contracts 13,305 913
Other creditors 1,415 -
154,720 913

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
A Cole
Balance outstanding at start of year 11,365 129,193
Amounts advanced - 197,172
Amounts repaid (11,365 ) (315,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,365