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REGISTERED NUMBER: 06193387 (England and Wales)















CSR SCIENTIFIC TRAINING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

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










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


CSR SCIENTIFIC TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R P Green
S Jukes
D K H Ho
Ms L Hammond
Mrs T Jukes
Ms E Moores





REGISTERED OFFICE: 1B Mitre Court, 38 Lichfield Road
Sutton Coldfield
Birmingham
West Midlands
B74 2LZ





REGISTERED NUMBER: 06193387 (England and Wales)





ACCOUNTANTS: Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 100,783 69,681

CURRENT ASSETS
Debtors 4 407,727 287,584
Cash at bank 227,839 137,582
635,566 425,166
CREDITORS
Amounts falling due within one year 5 244,977 166,423
NET CURRENT ASSETS 390,589 258,743
TOTAL ASSETS LESS CURRENT LIABILITIES 491,372 328,424

CREDITORS
Amounts falling due after more than one year 6 (97,259 ) (86,882 )

PROVISIONS FOR LIABILITIES (25,196 ) (17,420 )
NET ASSETS 368,917 224,122

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 368,915 224,120
SHAREHOLDERS' FUNDS 368,917 224,122

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.

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




R P Green - Director



S Jukes - Director


CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

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


1. 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% on cost
Fixtures and fittings25% on cost
Motor vehicles25% on cost
Computer equipment33% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

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


1. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. ·

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 38 ) .

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

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


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 156,347
Additions 62,124
At 31 March 2024 218,471
DEPRECIATION
At 1 April 2023 86,666
Charge for year 31,022
At 31 March 2024 117,688
NET BOOK VALUE
At 31 March 2024 100,783
At 31 March 2023 69,681

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

Plant and
machinery
etc
£   
COST
At 1 April 2023 76,550
Additions 49,257
At 31 March 2024 125,807
DEPRECIATION
At 1 April 2023 23,922
Charge for year 24,268
At 31 March 2024 48,190
NET BOOK VALUE
At 31 March 2024 77,617
At 31 March 2023 52,628

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 203,467 146,447
Other debtors 3,300 3,444
Directors' loan accounts 131,879 103,075
Tax 44,509 -
Prepayments 24,572 34,618
407,727 287,584

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,188 10,485
Hire purchase contracts 15,993 8,172
Trade creditors 16,092 37,000
Tax 118,438 31,256
Social security and other taxes 32,204 35,179
Pensions 6,902 -
Other creditors 24,000 21,500
Directors' loan accounts 934 622
Accrued expenses 18,226 22,209
244,977 166,423

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 13,891 12,188
Bank loans - 2-5 years 7,584 21,475
Hire purchase contracts 75,784 53,219
97,259 86,882

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R P Green
Balance outstanding at start of year 59,500 66,885
Amounts advanced 61,096 37,747
Amounts repaid (50,312 ) (45,132 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,284 59,500

CSR SCIENTIFIC TRAINING LIMITED (REGISTERED NUMBER: 06193387)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S Jukes
Balance outstanding at start of year 43,574 54,091
Amounts advanced 68,332 40,545
Amounts repaid (50,312 ) (51,062 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,594 43,574