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REGISTERED NUMBER: 04534802 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Contract Seating (UK) Limited

Contract Seating (UK) Limited (Registered number: 04534802)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Contract Seating (UK) Limited (Registered number: 04534802)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,593 15,366
Investment property 6 238,420 238,420
250,013 253,786

CURRENT ASSETS
Stocks 9,000 7,000
Debtors 7 1,086,493 865,383
Cash at bank 146,184 188,858
1,241,677 1,061,241
CREDITORS
Amounts falling due within one year 8 270,784 256,431
NET CURRENT ASSETS 970,893 804,810
TOTAL ASSETS LESS CURRENT LIABILITIES 1,220,906 1,058,596

CREDITORS
Amounts falling due after more than one year 9 (217,221 ) (199,920 )

PROVISIONS FOR LIABILITIES (2,655 ) (2,920 )
NET ASSETS 1,001,030 855,756

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,000,030 854,756
SHAREHOLDERS' FUNDS 1,001,030 855,756

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.

Contract Seating (UK) Limited (Registered number: 04534802)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr D Sayer - Director


Contract Seating (UK) Limited (Registered number: 04534802)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Contract Seating (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04534802

Registered office: 324 Liverpool Road
Newcastle under Lyme
Staffordshire
ST5 9DY

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


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

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, was amortised evenly over its estimated useful life of twenty years.

Goodwill has now been fully amortised.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Profit and Loss Account, 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.


Contract Seating (UK) Limited (Registered number: 04534802)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 30,000
AMORTISATION
At 1 December 2022
and 30 November 2023 30,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 9,511 27,300 1,100 37,911
Additions - - 200 200
At 30 November 2023 9,511 27,300 1,300 38,111
DEPRECIATION
At 1 December 2022 8,535 13,124 886 22,545
Charge for year 255 3,544 174 3,973
At 30 November 2023 8,790 16,668 1,060 26,518
NET BOOK VALUE
At 30 November 2023 721 10,632 240 11,593
At 30 November 2022 976 14,176 214 15,366

Contract Seating (UK) Limited (Registered number: 04534802)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 238,420
NET BOOK VALUE
At 30 November 2023 238,420
At 30 November 2022 238,420

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,786 110,835
Other debtors 1,013,707 754,548
1,086,493 865,383

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 35,000
Trade creditors 10,201 17,216
Taxation and social security 108,140 90,633
Other creditors 142,443 113,582
270,784 256,431

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 217,221 199,920

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 202,221 199,920

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 217,221 199,920

The Mortgages are secured against the investment properties of the company by way of a fixed charge.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £5,339 (2022 £8,711) This financial commitment represents the total amount of payments remaining on one lease ending in 2025.