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REGISTERED NUMBER: 04498500 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

C S COMMODITY SOLUTIONS LIMITED

C S COMMODITY SOLUTIONS LIMITED (REGISTERED NUMBER: 04498500)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C S COMMODITY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: M G Tufnell
S J Prior





REGISTERED OFFICE: 1 Upper Courtyard
Renshaw Barns
Upper Woodford
Salisbury
Wiltshire
SP4 6FA





REGISTERED NUMBER: 04498500 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

C S COMMODITY SOLUTIONS LIMITED (REGISTERED NUMBER: 04498500)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,414 29,608
25,414 29,608

CURRENT ASSETS
Debtors 6 544,280 206,939
Cash at bank 184,086 525,378
728,366 732,317
CREDITORS
Amounts falling due within one year 7 213,849 203,931
NET CURRENT ASSETS 514,517 528,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,931

557,994

PROVISIONS FOR LIABILITIES 6,354 7,402
NET ASSETS 533,577 550,592

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 533,477 550,492
533,577 550,592

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

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

C S COMMODITY SOLUTIONS LIMITED (REGISTERED NUMBER: 04498500)

BALANCE SHEET - continued
31ST JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2024 and were signed on its behalf by:




S J Prior - Director



M G Tufnell - Director


C S COMMODITY SOLUTIONS LIMITED (REGISTERED NUMBER: 04498500)

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


1. STATUTORY INFORMATION

C S Commodity 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of one 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

C S COMMODITY SOLUTIONS LIMITED (REGISTERED NUMBER: 04498500)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 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 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 25,000
AMORTISATION
At 1st August 2023
and 31st July 2024 25,000
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

C S COMMODITY SOLUTIONS LIMITED (REGISTERED NUMBER: 04498500)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2023 5,662 39,770 13,541 58,973
Additions - - 4,706 4,706
Disposals - - (762 ) (762 )
At 31st July 2024 5,662 39,770 17,485 62,917
DEPRECIATION
At 1st August 2023 4,337 17,400 7,628 29,365
Charge for year 332 5,592 2,547 8,471
Eliminated on disposal - - (333 ) (333 )
At 31st July 2024 4,669 22,992 9,842 37,503
NET BOOK VALUE
At 31st July 2024 993 16,778 7,643 25,414
At 31st July 2023 1,325 22,370 5,913 29,608

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,632 104,166
Amounts owed by group undertakings 300,200 100
Other debtors 100,000 100,000
Directors' loan accounts 40,465 -
Prepayments and accrued income 2,983 2,673
544,280 206,939

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 45 45
Amounts owed to group undertakings - 181
Tax 137,930 115,684
Social security and other taxes 5,699 5,628
VAT 62,694 68,118
Credit card 1,981 1,880
Pension creditor - 895
Accrued expenses 5,500 11,500
213,849 203,931

C S COMMODITY SOLUTIONS LIMITED (REGISTERED NUMBER: 04498500)

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


8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £16,657 (2023: £23,043).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
M G Tufnell
Balance outstanding at start of year - 7,000
Amounts repaid - (7,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

S J Prior
Balance outstanding at start of year - 50,688
Amounts advanced 40,465 -
Amounts repaid - (50,688 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,465 -

10. RELATED PARTY DISCLOSURES

Included within debtors is a balance owed by a business in which M Tufnell Esq, director, has a material interest totalling £100,000 (2023: £100,000).

11. ULTIMATE CONTROLLING PARTY

The company's parent company is C S Commodity Solutions (Group) Ltd, which is incorporated in England and Wales. The registered office and principal place of business is 1 Upper Courtyard, Renshaw Barns, Upper Woodford, Salisbury, Wiltshire, SP4 6FA.