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REGISTERED NUMBER: 00983211 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Constant Group Ltd

Constant Group Ltd (Registered number: 00983211)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Constant Group Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr M H Garlick
Mrs E A Gilligan





SECRETARY: Mrs E A Gilligan





REGISTERED OFFICE: Constant Meadow Bank Business Park
Junction 22, Tweedale Way
Oldham
OL9 8EH





REGISTERED NUMBER: 00983211 (England and Wales)





ACCOUNTANTS: KKVMS LLP
Chartered Certified Accountants
Capital Tower
91 Waterloo Road
London
SE1 8RT

Constant Group Ltd (Registered number: 00983211)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,201,449 2,953,492
Investments 5 47,050 -
3,248,499 2,953,492

CURRENT ASSETS
Stocks 175,456 168,974
Debtors 6 941,692 780,942
Cash at bank 300,816 561,642
1,417,964 1,511,558
CREDITORS
Amounts falling due within one year 7 1,696,314 1,487,625
NET CURRENT (LIABILITIES)/ASSETS (278,350 ) 23,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,970,149

2,977,425

CREDITORS
Amounts falling due after more than one year 8 (693,443 ) (503,523 )

PROVISIONS FOR LIABILITIES (75,194 ) (291,849 )
NET ASSETS 2,201,512 2,182,053

CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Retained earnings 2,186,512 2,167,053
SHAREHOLDERS' FUNDS 2,201,512 2,182,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Constant Group Ltd (Registered number: 00983211)

Balance Sheet - continued
31 December 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 30 July 2024 and were signed on its behalf by:




Mr M H Garlick - Director



Mrs E A Gilligan - Director


Constant Group Ltd (Registered number: 00983211)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

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

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 10% on cost

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 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.

Constant Group Ltd (Registered number: 00983211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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.

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 95 (2022 - 93 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,890,109 2,116,364 4,006,473
Additions 157,878 375,273 533,151
Disposals - (72,768 ) (72,768 )
At 31 December 2023 2,047,987 2,418,869 4,466,856
DEPRECIATION
At 1 January 2023 314,796 738,185 1,052,981
Charge for year 43,052 194,425 237,477
Eliminated on disposal - (25,051 ) (25,051 )
At 31 December 2023 357,848 907,559 1,265,407
NET BOOK VALUE
At 31 December 2023 1,690,139 1,511,310 3,201,449
At 31 December 2022 1,575,313 1,378,179 2,953,492

Constant Group Ltd (Registered number: 00983211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 812,964
DEPRECIATION
At 1 January 2023 194,240
Charge for year 45,648
At 31 December 2023 239,888
NET BOOK VALUE
At 31 December 2023 573,076
At 31 December 2022 618,724

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 47,050
At 31 December 2023 47,050
NET BOOK VALUE
At 31 December 2023 47,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 809,216 764,513
Amounts owed by group undertakings 80,000 -
Other debtors 52,476 16,429
941,692 780,942

Constant Group Ltd (Registered number: 00983211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 60,025 51,218
Hire purchase contracts 69,188 219,882
Trade creditors 959,459 797,389
Taxation and social security 289,316 241,736
Other creditors 318,326 177,400
1,696,314 1,487,625

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 428,744 478,736
Hire purchase contracts 262,699 24,787
Other creditors 2,000 -
693,443 503,523

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 215,934 265,094

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 7,180 -
Bank loans 481,589 529,954
Hire purchase contracts 331,887 244,669
820,656 774,623

The bank loans and overdraft are secured by a fixed charge over the company's land and buildings.

The Hire Purchase Contracts are secured over the assets concerned.

Constant Group Ltd (Registered number: 00983211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
15,000 Ordinary shares £1 15,000 15,000

11. ULTIMATE CONTROLLING PARTY

The controlling party is Constant Group Holdings Limited.