Company Registration No. 08952266 (England and Wales)
CONSILIUM TECHNICAL SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CONSILIUM TECHNICAL SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr D J Gordon
Mr M M Robinson
Mr M West
Company number
08952266
Registered office
Unit 101
Fort Dunlop
Fort Parkway
Birmingham
B24 9FD
Auditor
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
National Westminster Bank Plc
11 Western Boulevard
Bede Island Business Park
Leicester
LE2 7EJ
CONSILIUM TECHNICAL SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CONSILIUM TECHNICAL SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
47,958
52,120
Current assets
Debtors
4
1,239,852
525,828
Cash at bank and in hand
270,462
360,936
1,510,314
886,764
Creditors: amounts falling due within one year
5
(639,580)
(313,891)
Net current assets
870,734
572,873
Total assets less current liabilities
918,692
624,993
Provisions for liabilities
6
(10,753)
(9,255)
Net assets
907,939
615,738
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
907,839
615,638
Total equity
907,939
615,738
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 September 2024 and are signed on its behalf by:
Mr D J Gordon
Director
Company Registration No. 08952266
CONSILIUM TECHNICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Consilium Technical Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 101, Fort Dunlop, Fort Parkway, Birmingham, B24 9FD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
During the period, the company shortened its year end to 31 December from 30 April. The current financial period represents a period of 8 months compared to the 12 month comparative period to 30 April 2023.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% on reducing balance
Computer equipment
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
CONSILIUM TECHNICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
1.9
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 31 (2023 - 17).
CONSILIUM TECHNICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 May 2023
48,951
63,726
112,677
Additions
10,024
10,024
At 31 December 2023
48,951
73,750
122,701
Depreciation and impairment
At 1 May 2023
28,592
31,965
60,557
Depreciation charged in the period
2,040
12,146
14,186
At 31 December 2023
30,632
44,111
74,743
Carrying amount
At 31 December 2023
18,319
29,639
47,958
At 30 April 2023
20,359
31,761
52,120
4
Debtors
2023
2023
Amounts falling due within one year:
£
£
Trade debtors
236,755
427,410
Amounts owed by group undertakings
963,101
81,634
Other debtors
39,996
16,784
1,239,852
525,828
5
Creditors: amounts falling due within one year
2023
2023
£
£
Trade creditors
28,029
59,892
Amounts owed to group undertakings
115,272
Taxation and social security
299,432
175,659
Other creditors
196,847
78,340
639,580
313,891
6
Provisions for liabilities
2023
2023
£
£
Deferred tax liabilities
10,753
9,255
CONSILIUM TECHNICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 5 -
7
Called up share capital
2023
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
100
100
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
The senior statutory auditor was Peter Ormerod FCA.
The auditor was Ormerod Rutter Limited.
9
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023
2023
£
£
Within one year
27,951
22,535
Between two and five years
13,250
10,479
41,201
33,014
10
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
11
Control
Ultimate parent company
The ultimate parent company is Ramudden Group Holding AB, a company registered in Sweden.
Ultimate controlling party
The ultimate controlling party is unknown.