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REGISTERED NUMBER: 03014568 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CORPORATE PROJECT SOLUTIONS LIMITED

CORPORATE PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 03014568)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CORPORATE PROJECT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr S R Adams
Mr D J Dunning
Mr S Graber
Mr A Turner





REGISTERED OFFICE: 450 Brook Drive
Reading
Berkshire
RG2 6UU





REGISTERED NUMBER: 03014568 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

CORPORATE PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 03014568)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 58,574 52,614

CURRENT ASSETS
Stocks 146,789 149,651
Debtors 5 4,295,831 4,713,614
Cash at bank 660,241 414,317
5,102,861 5,277,582
CREDITORS
Amounts falling due within one year 6 2,963,603 3,243,544
NET CURRENT ASSETS 2,139,258 2,034,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,197,832

2,086,652

CAPITAL AND RESERVES
Called up share capital 360 360
Retained earnings 2,197,472 2,086,292
2,197,832 2,086,652

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

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

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 3rd October 2024 and were signed on its behalf by:





Mr D J Dunning - Director


CORPORATE PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 03014568)

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

1. STATUTORY INFORMATION

Corporate Project Solutions 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
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.
Plant and machinery etc - 50% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2023 - 78 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2023 163,310
Additions 31,084
At 31st March 2024 194,394
DEPRECIATION
At 1st April 2023 110,696
Charge for year 25,124
At 31st March 2024 135,820
NET BOOK VALUE
At 31st March 2024 58,574
At 31st March 2023 52,614

CORPORATE PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 03014568)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 1,306,080 1,697,871
Amounts owed by group undertakings 2,049,148 2,053,748
Other debtors 940,603 961,995
4,295,831 4,713,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade creditors 220,353 260,313
Taxation and social security 661,201 558,200
Other creditors 2,082,049 2,425,031
2,963,603 3,243,544

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £2,427 (2023: £11,859) owed to the company by Mr D Dunning. This amount was repaid within 9 months of the balance sheet date, and interest was charged thereon as appropriate at the H M Revenue and Customs beneficial loan rate.

8. RELATED PARTY DISCLOSURES

The balance owed to Corporate Project Solutions Ltd by CPS Group Holdings Limited at the year end was £2,049,148 (2023: £2,053,748).