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REGISTERED NUMBER: 03465315 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CORPORATE FACILITIES SERVICES LIMITED

CORPORATE FACILITIES SERVICES LIMITED (REGISTERED NUMBER: 03465315)






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


CORPORATE FACILITIES SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: J G Martin
J S Martin





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 03465315 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

CORPORATE FACILITIES SERVICES LIMITED (REGISTERED NUMBER: 03465315)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,503 244,453

CURRENT ASSETS
Stocks 2,366 2,502
Debtors 5 631,181 1,049,534
Cash at bank 1,364,345 1,090,916
1,997,892 2,142,952
CREDITORS
Amounts falling due within one year 6 990,468 1,072,492
NET CURRENT ASSETS 1,007,424 1,070,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,227,927

1,314,913

PROVISIONS FOR LIABILITIES 8 41,896 46,446
NET ASSETS 1,186,031 1,268,467

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,186,029 1,268,465
SHAREHOLDERS' FUNDS 1,186,031 1,268,467

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 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.

CORPORATE FACILITIES SERVICES LIMITED (REGISTERED NUMBER: 03465315)

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 Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





J S Martin - Director


CORPORATE FACILITIES SERVICES LIMITED (REGISTERED NUMBER: 03465315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Corporate Facilities Services 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 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced value of work done excluding value added tax.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

CORPORATE FACILITIES SERVICES LIMITED (REGISTERED NUMBER: 03465315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 122 (2022 - 154 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Equipment and Motor Computer
& machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 598,689 10,753 52,043 36,444 697,929
Additions 21,049 678 - - 21,727
Disposals - - (17,994 ) - (17,994 )
At 30 November 2023 619,738 11,431 34,049 36,444 701,662
DEPRECIATION
At 1 December 2022 390,794 7,748 31,754 23,180 453,476
Charge for year 34,341 553 3,832 1,989 40,715
Eliminated on disposal - - (13,032 ) - (13,032 )
At 30 November 2023 425,135 8,301 22,554 25,169 481,159
NET BOOK VALUE
At 30 November 2023 194,603 3,130 11,495 11,275 220,503
At 30 November 2022 207,895 3,005 20,289 13,264 244,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 540,018 552,700
Other debtors 81,753 83,680
Directors' current accounts - 402,125
Prepayments and accrued income 9,410 11,029
631,181 1,049,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 56,033 74,294
Tax 67,600 104,961
Social security and other taxes 91,425 112,356
VAT 188,506 271,349
Other creditors 226,904 260,757
Directors' current accounts 352,000 234,000
Accrued expenses and deferred income 8,000 14,775
990,468 1,072,492

CORPORATE FACILITIES SERVICES LIMITED (REGISTERED NUMBER: 03465315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,800 7,200
Between one and five years - 1,800
1,800 9,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 41,896 46,446

Deferred
tax
£   
Balance at 1 December 2022 46,446
Accelerated capital allowances (4,550 )
Balance at 30 November 2023 41,896

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 December 2022 1,268,465
Profit for the year 209,564
Dividends (292,000 )
At 30 November 2023 1,186,029

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr J S Martin and Mr J G Martin.