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REGISTERED NUMBER: 01750086 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Commissioning Management Limited

Commissioning Management Limited (Registered number: 01750086)






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


Commissioning Management Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R G Lightfoot
D C Lightfoot
J A Battersby





SECRETARY: D C Lightfoot





REGISTERED OFFICE: 843 The Crescent
Colchester Business Park
Colchester
Essex
CO4 9YQ





REGISTERED NUMBER: 01750086 (England and Wales)





ACCOUNTANT: Dedham Accountancy & Taxation Services Limited
t/a R J Woods & Co
Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX

Commissioning Management Limited (Registered number: 01750086)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 4,781 -
Tangible assets 6 107,062 137,575
Investments 7 607,857 608,558
719,700 746,133

CURRENT ASSETS
Debtors 8 343,006 268,562
Cash at bank and in hand 743,166 675,336
1,086,172 943,898
CREDITORS
Amounts falling due within one year 9 415,157 315,618
NET CURRENT ASSETS 671,015 628,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,390,715

1,374,413

CREDITORS
Amounts falling due after more than one
year

10

(1,540

)

(1,540

)

PROVISIONS FOR LIABILITIES 11 (20,843 ) (30,180 )
NET ASSETS 1,368,332 1,342,693

CAPITAL AND RESERVES
Called up share capital 12 222 222
Share premium 13 5,176 5,176
Revaluation reserve 13 13,628 13,628
Capital redemption reserve 13 12,042 12,042
Retained earnings 13 1,337,264 1,311,625
SHAREHOLDERS' FUNDS 1,368,332 1,342,693

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.

Commissioning Management Limited (Registered number: 01750086)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





D C Lightfoot - Director


Commissioning Management Limited (Registered number: 01750086)

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

1. STATUTORY INFORMATION

Commissioning Management 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£).

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Going concern:
The directors have considered the company's strength, the revenues and profitability in the year under review, and the company's position at the time of signing the financial statements. Based on all of this, the directors have concluded that they have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

The following principal accounting policies have been applied:

Preparation of consolidated financial statements
The financial statements contain information about Commissioning Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Long term contracts and contracts for ongoing services:
In respect of long term contracts and contracts for ongoing services, turnover includes estimates of work done but not invoiced before the Balance Sheet date and such estimates are based on the surveys of work performed and the degree of completion of the contracts at the Balance Sheet date.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Commissioning Management Limited (Registered number: 01750086)

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

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:
Plant and machinery etc - 25% per annum on cost
Equipment - 25% per annum on cost
Motor vehicles - 25% per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains or losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Investment in works of art
Artwork held as a fixed asset investment is recognised on acquisition at cost including associated auction fees and other costs of acquisition. The Artwork will be subject to annual revaluation at fair value where the change in valuation is material. Movements in valuation will be accounted for through the Income Statement and no other provision for depreciation or impairment will be made.

Listed Investments
The investment in listed securities is managed by a UK based wealth management firm. The directors have relied upon the reports on investment performance and investment valuations, produced by the wealth management firm, during the preparation of these financial statements

Investments in subsidiaries
Investment in the shares of subsidiary undertakings are recognised at fair value.

Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances
have been met.
Deferred tax balances are not recognised in respect of permanent timing differences except when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Leasing and hire purchase
Property, plant and equipment acquired under hire purchase or finance lease contracts are capitalised and depreciated in the same manner as other tangible fixed assets.

Commissioning Management Limited (Registered number: 01750086)

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

3. ACCOUNTING POLICIES - continued

The capital element of the future payments is included in creditors and the finance charge is charged to the Income Statement. Payments are apportioned between the finance charge and the reduction of the outstanding liability. The finance charge is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability (the effective interest basis).

Rentals payable under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the company's benefit from the use of the leased asset.

Pension costs and other post-retirement benefits
The company operates defined contribution plans for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

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

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 5,216
At 31 May 2024 5,216
AMORTISATION
Charge for year 435
At 31 May 2024 435
NET BOOK VALUE
At 31 May 2024 4,781

Commissioning Management Limited (Registered number: 01750086)

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

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 258,366
Additions 2,406
At 31 May 2024 260,772
DEPRECIATION
At 1 June 2023 120,791
Charge for year 32,919
At 31 May 2024 153,710
NET BOOK VALUE
At 31 May 2024 107,062
At 31 May 2023 137,575

7. FIXED ASSET INVESTMENTS

31.5.24 31.5.23
£    £   
Shares in group undertakings 1,540 1,540
Other investments not loans 606,317 607,018
607,857 608,558

Additional information is as follows:
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 1,540 251,557 253,097
Additions - 39,503 39,503
Disposals - (40,204 ) (40,204 )
At 31 May 2024 1,540 250,856 252,396
NET BOOK VALUE
At 31 May 2024 1,540 250,856 252,396
At 31 May 2023 1,540 251,557 253,097

Commissioning Management Limited (Registered number: 01750086)

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

7. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2009 1,488 - 1,488
Cost 52 250,856 250,908
1,540 250,856 252,396

Investments (neither listed nor unlisted) were as follows:
31.5.24 31.5.23
£    £   
Investment in works of art - Cost b/f 355,461 315,461
Additions - 40,000
355,461 355,461

The directors carried out a review on the market value of Fixed Asset Investments and concluded that there was no material difference between cost and market value at the year-end. It was further concluded that there had been no material change in the period between the year-end and the date of approval of these financial statements.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 298,133 234,577
Other debtors 44,873 33,985
343,006 268,562

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 148,707 110,104
Taxation and social security 120,190 85,049
Other creditors 146,260 120,465
415,157 315,618

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 1,540 1,540

Commissioning Management Limited (Registered number: 01750086)

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

11. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 23,332 30,856
Other timing differences (2,489 ) (676 )
20,843 30,180

Deferred
tax
£   
Balance at 1 June 2023 30,180
Reversing timing differences (9,337 )
Balance at 31 May 2024 20,843

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
5 Ordinary A £1 5 5
105 Ordinary B £1 105 105
110 Ordinary C £1 110 110
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
222 222

The share capital in each period is allotted, called up and fully paid.

13. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 June 2023 1,311,625 5,176 13,628 12,042 1,342,471
Profit for the year 303,559 303,559
Dividends (277,920 ) (277,920 )
At 31 May 2024 1,337,264 5,176 13,628 12,042 1,368,110

14. RELATED PARTY DISCLOSURES

Amounts due to group undertakings (see note 10) relates to amounts payable to the wholly owned subsidiary. The loan is unsecured and interest-free.

Other creditors includes loans from the directors totalling £50,000 (2023: £0). The loans are interest-free, unsecured and were repaid before the date of approval of these financial statements.

The company leases its business premises from the directors' pension fund on a twelve year full repairing lease. The rent has been set at full market values as advised by a local independent company of professional property valuers.