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REGISTERED NUMBER: 09897000 (England and Wales)












CHRISTIANSONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRISTIANSONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C A Joannou BSc,MSc,PhD,FCCA
Mr A C Stylianou ACA, FCCA
Mr M Christodoulides MAAT, FCCA



REGISTERED OFFICE: Sterling House
Fulbourne Road
London
E17 4EE



REGISTERED NUMBER: 09897000 (England and Wales)



ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE



BANKERS:: Barclays Bank Plc
Leicester
LE87 2BB

CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,424,405 1,286,320
Tangible assets 5 33,692 35,625
1,458,097 1,321,945

CURRENT ASSETS
Stocks 6 124,235 75,200
Debtors 7 316,250 231,653
Cash at bank and in hand 166,124 106,359
606,609 413,212
CREDITORS
Amounts falling due within one year 8 238,549 180,053
NET CURRENT ASSETS 368,060 233,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,826,157

1,555,104

CREDITORS
Amounts falling due after more than one
year

9

(914,963

)

(602,896

)

PROVISIONS FOR LIABILITIES (4,713 ) (4,256 )
NET ASSETS 906,481 947,952

CAPITAL AND RESERVES
Called up share capital 10 555,580 500,000
Share premium 11 169,420 -
Retained earnings 11 181,481 447,952
SHAREHOLDERS' FUNDS 906,481 947,952

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

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

CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

BALANCE SHEET - continued
31 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr C A Joannou BSc,MSc,PhD,FCCA - Director


CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Christiansons 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with Financial Reporting Standards 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 on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of discounts and value added taxes. The policies adopted for the recognition of turnover are as follows:

Rendering of services

Turnover represents fees receivable for services provided which are recognised when the company obtains the right to consideration under individual contracts.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of services provided to date based on a portion of the total contract value. Fees earned but not invoiced at the balance sheet date are treated as work in progress and included as part of current assets due within one year.

Goodwill
Acquisition of businesses are accounted of using the acquisition method. Under the acquisition method, the consideration transferred is measured at fair value which is calculated as the sum of the acquisition date fair values of assets transferred and liabilities incurred by the company to the former owners. Acquisition related costs are recognised in profit or loss as incurred.

Goodwill is capitalised and is amortised evenly over its estimated useful life. Goodwill is also subject to an annual impairment review. Impairment loss in respect of goodwill is not reversed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost consists of staff salary costs and direct expenses together with an appropriate proportion of overheads. Net realisable value is based on estimated amount to be billed for services provided less further costs expected to be incurred to completion. Payments received on account of work in progress are shown as a deduction from gross work in progress.


CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Loans and other payable are measured at fair value, net of transaction costs.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 1,513,315
Additions 225,000
At 31 March 2024 1,738,315
AMORTISATION
At 1 April 2023 226,995
Amortisation for year 86,915
At 31 March 2024 313,910
NET BOOK VALUE
At 31 March 2024 1,424,405
At 31 March 2023 1,286,320

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 45,500 28,123 73,623
Additions 1,237 5,736 6,973
At 31 March 2024 46,737 33,859 80,596
DEPRECIATION
At 1 April 2023 24,005 13,993 37,998
Charge for year 4,933 3,973 8,906
At 31 March 2024 28,938 17,966 46,904
NET BOOK VALUE
At 31 March 2024 17,799 15,893 33,692
At 31 March 2023 21,495 14,130 35,625

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 124,235 75,200

CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 284,780 201,778
Other debtors 4,669 7,669
Prepayments 26,801 22,206
316,250 231,653

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,718 31,366
Trade creditors 5,204 2,056
Tax 97,438 55,634
Social security and other taxes 23,661 18,832
VAT 64,347 68,473
Other creditors 27,181 3,692
238,549 180,053

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 914,963 602,896

Other creditors are amounts due to companies controlled by the directors.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
120 A Ordinary shares £1 120 100
(31.3.23 - 100 )
555,460 Ordinary B shares 1 555,460 499,900
555,580 500,000

Shares were issued during the year as follows:

Cash at par
20 A Ordinary shares shares of £1 for £ 20
55,546 Ordinary B shares shares of 1 for £ 55,546

Cash at premium
14 Ordinary B shares shares of 1 for £ 140,000

CHRISTIANSONS LIMITED (REGISTERED NUMBER: 09897000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 447,952 - 447,952
Profit for the year 288,989 288,989
Dividends (555,460 ) (555,460 )
Cash share issue - 169,420 169,420
At 31 March 2024 181,481 169,420 350,901

12. ULTIMATE CONTROLLING PARTY

The company is not controlled by any individual.