Registered number
10892632
CNS SOLUTIONS LIMITED
Unaudited Filleted Accounts
31 August 2023
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
CNS SOLUTIONS LIMITED
Registered number: 10892632
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 648 762
Current assets
Debtors 4 53,905 32,952
Cash at bank and in hand 440 17,538
54,345 50,490
Creditors: amounts falling due within one year 5 (54,667) (50,980)
Net current liabilities (322) (490)
Net assets 326 272
Capital and reserves
Called up share capital 106 106
Profit and loss account 220 166
Shareholders' funds 326 272
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C J Sheth
Director
Approved by the board on 8 November 2024
CNS SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable and net of discounts . Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Written Down Value
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 1,600
At 31 August 2023 1,600
Depreciation
At 1 September 2022 838
Charge for the year 114
At 31 August 2023 952
Net book value
At 31 August 2023 648
At 31 August 2022 762
4 Debtors 2023 2022
£ £
Other debtors 53,905 32,952
At year end the Director's loan account was overdrawn by £53,779 and is disclosed under other debtors in note 4 above. The interest on the loan is 2.5% per annum.
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,548 -
Taxation and social security costs 33,053 31,410
Other creditors 17,066 19,570
54,667 50,980
6 Controlling party
The company was under the control of Mr C J Sheth who is a Director and Shareholder of the company.
7 Other information
CNS SOLUTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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