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REGISTERED NUMBER: 04196335 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Commercial Services (Birmingham) Limited

Commercial Services (Birmingham) Limited (Registered number: 04196335)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Commercial Services (Birmingham) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S P Kearney
Mrs S E Quinn





REGISTERED OFFICE: 587 Tyburn Road
Birmingham
B24 9RX





REGISTERED NUMBER: 04196335 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Commercial Services (Birmingham) Limited (Registered number: 04196335)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 689,519 610,540

CURRENT ASSETS
Stocks 5 815,916 831,026
Debtors 6 66,340 116,184
Cash at bank and in hand 5,302 74,846
887,558 1,022,056
CREDITORS
Amounts falling due within one year 7 (541,425 ) (492,964 )
NET CURRENT ASSETS 346,133 529,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,652

1,139,632

CREDITORS
Amounts falling due after more than one
year

8

(174,723

)

(212,824

)

PROVISIONS FOR LIABILITIES (8,730 ) (14,926 )
NET ASSETS 852,199 911,882

CAPITAL AND RESERVES
Called up share capital 9 600 600
Revaluation reserve 10 446,943 363,040
Retained earnings 404,656 548,242
SHAREHOLDERS' FUNDS 852,199 911,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Commercial Services (Birmingham) Limited (Registered number: 04196335)

Balance Sheet - continued
31 May 2024


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 29 August 2024 and were signed on its behalf by:





S P Kearney - Director


Commercial Services (Birmingham) Limited (Registered number: 04196335)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Commercial Services (Birmingham) 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.

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 as modified by the revaluation of certain 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.

Revenue from the sale of goods is recognised when significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of the goods), the amount of the revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Straight line over 25 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

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.


Commercial Services (Birmingham) Limited (Registered number: 04196335)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 591,794 187,929 779,723
Additions 39,768 4,559 44,327
Revaluations 83,903 - 83,903
At 31 May 2024 715,465 192,488 907,953
DEPRECIATION
At 1 June 2023 91,794 77,389 169,183
Charge for year 23,671 25,580 49,251
At 31 May 2024 115,465 102,969 218,434
NET BOOK VALUE
At 31 May 2024 600,000 89,519 689,519
At 31 May 2023 500,000 110,540 610,540

Commercial Services (Birmingham) Limited (Registered number: 04196335)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2012 141,311 - 141,311
Valuation in 2016 11,580 - 11,580
Valuation in 2023 202,400 - 202,400
Valuation in 2024 83,903 - 83,903
Cost 276,271 192,488 468,759
715,465 192,488 907,953

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 55,052
DEPRECIATION
At 1 June 2023 11,012
Charge for year 8,808
At 31 May 2024 19,820
NET BOOK VALUE
At 31 May 2024 35,232
At 31 May 2023 44,040

5. STOCKS
2024 2023
£    £   
Stocks 815,916 831,026

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,820 105,816
Amounts owed by participating interests 13,934 883
Other debtors 16,586 9,485
66,340 116,184

Commercial Services (Birmingham) Limited (Registered number: 04196335)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,005 11,908
Hire purchase contracts 58,951 20,047
Trade creditors 69,333 150,924
Amounts owed to participating interests - 27,369
Taxation and social security 33,494 35,875
Other creditors 324,642 246,841
541,425 492,964

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,034 22,472
Hire purchase contracts 102,278 71,361
Other creditors 60,411 118,991
174,723 212,824

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary £1 600 600

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023 363,040
Revaluations 83,903

At 31 May 2024 446,943

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Commercial Services (Birmingham) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Commercial Services (Birmingham) Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Commercial Services (Birmingham) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Commercial Services (Birmingham) Limited and state those matters that we have agreed to state to the Board of Directors of Commercial Services (Birmingham) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Commercial Services (Birmingham) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Commercial Services (Birmingham) Limited 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 Commercial Services (Birmingham) Limited. You consider that Commercial Services (Birmingham) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Commercial Services (Birmingham) Limited. For this reason, we have not verified the 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


29 August 2024