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Company Registration Number: NI673865
 
 
CSI Management Services Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 November 2023



CSI Management Services Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Brendan McGinn
Nicola McGinn
 
 
Company Registration Number NI673865
 
 
Registered Office and Business Address 757 Antrim Road
Belfast
BT15 4EN
Northern Ireland
 
 
Accountants Quarter
Chartered Accountants
St Anne‘s House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
 
Bankers Ulster Bank
  11-16 Donegall Square East
  Belfast
  Antrim
  BT1 5HD



CSI Management Services Ltd

CHARTERED ACCOUNTANTS' REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of CSI Management Services Ltd
for the financial year ended 30 November 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 November 2023 as set out on pages  to 9 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of CSI Management Services Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report 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 its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 30 November 2023 your duty to ensure that CSI Management Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of CSI Management Services Ltd. You consider that CSI Management Services Ltd is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of CSI Management Services Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne‘s House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
30 August 2024



CSI Management Services Ltd
Company Registration Number: NI673865
STATEMENT OF FINANCIAL POSITION
as at 30 November 2023

2023 2022
Notes £ £
 
Current Assets
Receivables 4 48,922 56,661
Cash and cash equivalents 5,947 40,804
───────── ─────────
54,869 97,465
───────── ─────────
Payables: amounts falling due within one year 5 (41,802) (47,292)
───────── ─────────
Net Current Assets 13,067 50,173
───────── ─────────
Total Assets less Current Liabilities 13,067 50,173
═════════ ═════════
 
Equity
Called up share capital 100 100
Retained earnings 12,967 50,073
───────── ─────────
Equity attributable to owners of the company 13,067 50,173
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 30 August 2024 and signed on its behalf by
           
           
________________________________          
Brendan McGinn          
Director          
           



CSI Management Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
CSI Management Services Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI673865. The registered office of the company is 757 Antrim Road, Belfast, BT15 4EN, Northern Ireland which is also the principal place of business of the company. The principal activity of the business is that of Financial Management. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

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 tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Director 2 2
  ═════════ ═════════
       
4. Receivables 2023 2022
  £ £
 
Amounts owed by connected parties (Note 8) 3,922 56,661
Prepayments and accrued income 45,000 -
  ───────── ─────────
  48,922 56,661
  ═════════ ═════════
       
5. Payables 2023 2022
Amounts falling due within one year £ £
 
Taxation  (Note 6) 4,000 8,957
Directors' current accounts 2,684 -
Other creditors 118 2,585
Accruals 35,000 35,750
  ───────── ─────────
  41,802 47,292
  ═════════ ═════════
       
6. Taxation 2023 2022
  £ £
 
Payables:
VAT 1,175 1,800
Corporation tax 2,825 7,157
  ───────── ─────────
  4,000 8,957
  ═════════ ═════════
       
7. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 November 2023.
           
8. Related party transactions
  Balance Movement Balance Maximum
  2023 in year 2022 in year
  £ £ £ £
 
BJM Financial Management LLP - (56,661) 56,661 56,661
BJM Consulting Limited 3,922 3,922 - 3,922
  ───────── ───────── ───────── ═════════
  3,922 (52,739) 56,661  
  ═════════ ═════════ ═════════  
 
Brendan McGinn and Nicola McGinn are both directors in CSI Management Services Ltd and partners in BJM Financial Management LLP. As at 1st December 2022, BJM Financial Management LLP owed CSI Management Services Ltd £56,661. During the financial year net transactions between the parties totalled £56,661. As at 30th November 2023, BJM Financial Management LLP owed CSI Management Services Ltd £NIL.

Brendan McGinn and Nicola McGinn are both directors in CSI Management Services Ltd and BJM Consulting Ltd. During the financial year net transactions between the parties totalled £3,922. As at 30th November 2023, BJM Consulting Limited owed CSI Management Services Ltd £3,922.
   
9. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.