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REGISTERED NUMBER: 10778281 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

COMPANY X CONSULTING SERVICES LTD

COMPANY X CONSULTING SERVICES LTD (REGISTERED NUMBER: 10778281)






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


COMPANY X CONSULTING SERVICES LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: K W Kerr
K R J Smith
D J Coffey





SECRETARY: I R Smith





REGISTERED OFFICE: The Rectory
Church Way Road
Broad Blunsdon
Swindon
Wiltshire
SN26 7DG





REGISTERED NUMBER: 10778281 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

COMPANY X CONSULTING SERVICES LTD (REGISTERED NUMBER: 10778281)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571 12,849
Investment property 5 2,059,474 2,059,474
2,060,045 2,072,323

CURRENT ASSETS
Debtors 6 63,957 78,247
Cash at bank 25,413 12,215
89,370 90,462
CREDITORS
Amounts falling due within one year 7 142,187 430,678
NET CURRENT LIABILITIES (52,817 ) (340,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,007,228

1,732,107

CREDITORS
Amounts falling due after more than one
year

8

(672,902

)

(750,959

)

PROVISIONS FOR LIABILITIES (109 ) (3,212 )
NET ASSETS 1,334,217 977,936

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 1,334,118 977,837
SHAREHOLDERS' FUNDS 1,334,217 977,936

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.

COMPANY X CONSULTING SERVICES LTD (REGISTERED NUMBER: 10778281)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





K W Kerr - Director


COMPANY X CONSULTING SERVICES LTD (REGISTERED NUMBER: 10778281)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Company X Consulting Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 25% straight line basis

INVESTMENT PROPERTY
The company's investment properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP 19, as follows:

(i) investment properties are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and

(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order for the accounts to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

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.


COMPANY X CONSULTING SERVICES LTD (REGISTERED NUMBER: 10778281)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 83,040
DEPRECIATION
At 1 April 2023 70,191
Charge for year 12,278
At 31 March 2024 82,469
NET BOOK VALUE
At 31 March 2024 571
At 31 March 2023 12,849

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,059,474
NET BOOK VALUE
At 31 March 2024 2,059,474
At 31 March 2023 2,059,474

COMPANY X CONSULTING SERVICES LTD (REGISTERED NUMBER: 10778281)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 164,876
Valuation in 2022 12,145
Cost 1,882,453
2,059,474

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,882,453 1,882,453

Investment property was valued on an open market basis on 31 March 2023 by Charles harding, Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 12,097
Other debtors 63,957 66,150
63,957 78,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 78,582 73,820
Taxation and social security 61,702 74,513
Other creditors 1,903 282,345
142,187 430,678

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 672,902 750,959

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 320,933 415,696

COMPANY X CONSULTING SERVICES LTD (REGISTERED NUMBER: 10778281)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 751,484 824,779

Natwest Bank Plc has a legal charge on the company which is secured over the property at 41 Harry Stoke Road, Stoke Gifford, Bristol BS34 8QH dated 21 May 2021.

Natwest Bank Plc has a legal charge on the company which is secured over the property known as The Rectory, Churchway, Blunsdon, Swindon SN26 7DG dated 13 April 2018.