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REGISTERED NUMBER: 09891872 (England and Wales)














Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 30 April 2024

for

CCS GROUP HOLDINGS LIMITED

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Contents of the Consolidated Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Report of the Directors 2

Accountants' Report 3

Consolidated Statement of Comprehensive Income 4

Consolidated Balance Sheet 5

Company Balance Sheet 7

Consolidated Statement of Changes in Equity 9

Company Statement of Changes in Equity 10

Notes to the Consolidated Financial Statements 11


CCS GROUP HOLDINGS LIMITED

Company Information
for the year ended 30 April 2024







Directors: K J Steward
J Godbold





Registered office: Norfolk House (3rd Floor)
Wellesley Road
Croydon
Surrey
CR0 1GR





Registered number: 09891872 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Report of the Directors
for the year ended 30 April 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 April 2024.

Principal activity
The principal activity of the group in the year under review was that of debt collection.

Directors
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

K J Steward
J Godbold

Statement of directors' responsibilities
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





K J Steward - Director


28 October 2024

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
CCS Group Holdings Limited



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CCS Group Holdings Limited for the year ended 30 April 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and the related notes from the company's and the group's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CCS Group Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CCS Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of CCS Group Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CCS Group Holdings Limited the company and the group and the company's Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CCS Group Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CCS Group Holdings Limited. You consider that CCS Group Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CCS Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


28 October 2024

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Consolidated
Statement of Comprehensive
Income
for the year ended 30 April 2024

2024 2023
Notes £    £   

Turnover 6,015,591 5,034,248

Cost of sales (3,561,628 ) (3,157,640 )
Gross profit 2,453,963 1,876,608

Administrative expenses (1,872,768 ) (1,856,565 )
Operating profit 581,195 20,043

Interest receivable and similar income 7,248 5,464
588,443 25,507

Interest payable and similar expenses (14,280 ) (20,658 )
Profit before taxation 574,163 4,849

Tax on profit (195,702 ) (8,681 )
Profit/(loss) for the financial year 378,461 (3,832 )

Other comprehensive income - -
Total comprehensive income/(loss) for the
year

378,461

(3,832

)

Profit/(loss) attributable to:
Owners of the parent 378,461 (3,832 )

Total comprehensive income/(loss) attributable to:
Owners of the parent 378,461 (3,832 )

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Consolidated Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 6 437,659 587,400
Tangible assets 7 75,248 113,129
Investments 8 - -
512,907 700,529

Current assets
Stocks 4,380 7,551
Debtors 9 804,212 648,963
Cash at bank 327,344 198,575
1,135,936 855,089
Creditors
Amounts falling due within one year 10 1,098,449 1,044,131
Net current assets/(liabilities) 37,487 (189,042 )
Total assets less current liabilities 550,394 511,487

Creditors
Amounts falling due after more than one
year

11

-

(190,909

)

Provisions for liabilities 14 (15,489 ) (14,135 )
Net assets 534,905 306,443

Capital and reserves
Called up share capital 15 100 100
Share premium 368,327 368,327
Retained earnings 166,478 (61,984 )
Shareholders' funds 534,905 306,443

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Consolidated Balance Sheet - continued
30 April 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




J Godbold - Director



K J Steward - Director


CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Company Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 6 - -
Tangible assets 7 - -
Investments 8 2,110,023 2,110,023
2,110,023 2,110,023

Current assets
Debtors 9 - 2,554

Creditors
Amounts falling due within one year 10 268,786 759,067
Net current liabilities (268,786 ) (756,513 )
Total assets less current liabilities 1,841,237 1,353,510

Capital and reserves
Called up share capital 15 100 100
Share premium 368,327 368,327
Retained earnings 1,472,810 985,083
Shareholders' funds 1,841,237 1,353,510

Company's profit for the financial year 637,727 623,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Company Balance Sheet - continued
30 April 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




K J Steward - Director



J Godbold - Director


CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Consolidated Statement of Changes in Equity
for the year ended 30 April 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 May 2022 100 91,848 368,327 460,275

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive loss - (3,832 ) - (3,832 )
Balance at 30 April 2023 100 (61,984 ) 368,327 306,443

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive income - 378,461 - 378,461
Balance at 30 April 2024 100 166,477 368,327 534,904

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Company Statement of Changes in Equity
for the year ended 30 April 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 May 2022 100 511,375 368,327 879,802

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive income - 623,708 - 623,708
Balance at 30 April 2023 100 985,083 368,327 1,353,510

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive income - 637,727 - 637,727
Balance at 30 April 2024 100 1,472,810 368,327 1,841,237

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements
for the year ended 30 April 2024


1. Statutory information

CCS Group Holdings 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 General 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.

Going concern
The financial statements have been prepared on a going concern basis. The basis is considered appropriate by the directors.

The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. This assessment takes into consideration debt repayments starting post year end in relation to the CBIL loan taken out and predictions on when certain significant client work streams will resume.

Based on these assessments, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

The financial statements do not include any adjustments that would be required if the going concern concept was not deemed appropriate.

Basis of consolidation
The consolidated income statement and balance sheet include the financial statements of the company and its subsidiary companies made up to the 30 April 2017. Intra-group sales and profits are eliminated on consolidation.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2024


2. Accounting policies - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when debt is collected on behalf of the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Bought debt are being amortised evenly over their estimated useful life of five years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Client funds
Client funds are not recognised as an asset of the company. Client Funds are held in separate designated client trust bank accounts and are disclosed by way of note detailing the amount of funds held and associated liability.

Government grants
Grant income is recognised under the accrual model of Financial Reporting Standard 102.

Grant income is recognised in the profit and loss account on a systematic basis over the period in which the company recognises the related costs for which grant income is intended to compensate.

3. Employees and directors

The average number of employees during the year was 77 (2023 - 80 ) .

4. Individual statement of comprehensive income

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2024


5. Dividends
2024 2023
£    £   
Ordinary A shares of £0.01 each
Interim 127,165 127,165
Ordinary B shares of £0.01 each
Interim 22,835 22,835
150,000 150,000

6. Intangible fixed assets

Group
Bought
Goodwill debt Totals
£    £    £   
Cost
At 1 May 2023
and 30 April 2024 1,484,318 5,258 1,489,576
Amortisation
At 1 May 2023 898,228 3,948 902,176
Amortisation for year 148,431 1,310 149,741
At 30 April 2024 1,046,659 5,258 1,051,917
Net book value
At 30 April 2024 437,659 - 437,659
At 30 April 2023 586,090 1,310 587,400

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2024


7. Tangible fixed assets

Group
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 May 2023 9,157 87,745 342,410 439,312
Additions 917 - 26,327 27,244
At 30 April 2024 10,074 87,745 368,737 466,556
Depreciation
At 1 May 2023 5,468 62,855 257,860 326,183
Charge for year 1,708 15,941 47,476 65,125
At 30 April 2024 7,176 78,796 305,336 391,308
Net book value
At 30 April 2024 2,898 8,949 63,401 75,248
At 30 April 2023 3,689 24,890 84,550 113,129

8. Fixed asset investments

Company
Shares in
group
undertakings
£   
Cost
At 1 May 2023
and 30 April 2024 2,110,023
Net book value
At 30 April 2024 2,110,023
At 30 April 2023 2,110,023

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2024


8. Fixed asset investments - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Commercial Collection Services Limited
Registered office: Norfolk House (3rd Floor), Wellesy Road, Croydon, Surrey, CR0 1GR
Nature of business: Debt collection
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 366,032 476,866
Profit for the year 589,166 235,892


9. Debtors: amounts falling due within one year

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 468,431 399,140 - -
Other debtors 335,781 249,823 - 2,554
804,212 648,963 - 2,554

10. Creditors: amounts falling due within one year

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts 193,852 167,993 - -
Trade creditors 318,683 409,616 - -
Amounts owed to group undertakings - - 258,528 749,111
Taxation and social security 407,004 170,543 - -
Other creditors 178,910 295,979 10,258 9,956
1,098,449 1,044,131 268,786 759,067

11. Creditors: amounts falling due after more than one year

Group
2024 2023
£    £   
Bank loans - 190,909

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2024


12. Leasing agreements

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 79,423 143,154
Between one and five years 548,360 500,321
627,783 643,475

13. Secured debts

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 192,677 357,707
Other loans 1,583 1,250
194,260 358,957

Shawbrook Bank PLC holds a floating and fixed charge over all the property or undertakings of CCS Group Holdings Limited and Commercial Collection Services Limited.

14. Provisions for liabilities

Group
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 15,489 14,135

Group
Deferred
tax
£   
Balance at 1 May 2023 14,135
Accelerated Capital Allowances 1,354
Balance at 30 April 2024 15,489

CCS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09891872)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2024


15. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,206 Ordinary A £0.01 72 72
1,294 Ordinary B £0.01 13 13
1,500 Ordinary C £0.01 15 15
100 100

16. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge amounted to £70,082 (2023 £73,154).

17. Related party disclosures

During the year, a total of key management personnel compensation of £85,748 (2023 £84,575) was paid.

At the year end the Directors were owed £5,757 (2023 £3,401) by the company.

18. Ultimate controlling party

There is no ultimate controlling party.

19. Client funds

Client funds are not recognised as an asset of the company. Client funds are held in separate designated client trust bank accounts and are disclosed below;
2024 2023
£    £   

Client bank accounts 2,743,315 2,407,365
Client balances (2,743,315 ) (2,407,365 )
- -

20. Cash flow statement

The group qualifies as small under the Companies Act 2006. The directors have elected to take advantage under the Financial Reporting Standard 102 section 1A not to prepare a cash flow statement.