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REGISTERED NUMBER: 07090729 (England and Wales)












CONSUMABLES CORPORATE GROUP LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Income Statement 10

Consolidated Other Comprehensive Income 11

Consolidated Balance Sheet 12

Company Balance Sheet 14

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Cash Flow Statement 17

Notes to the Consolidated Cash Flow Statement 18

Notes to the Consolidated Financial Statements 20


CONSUMABLES CORPORATE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R D Hall
M J Hall
T M Hall
J M Hall





SECRETARIES: M J Hall
J A A Hall





REGISTERED OFFICE: Unit 4 Ignition
Faraday Road
Dorcan
Swindon
Wiltshire
SN3 5HS





REGISTERED NUMBER: 07090729 (England and Wales)





AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2024


The directors present their strategic report of the company and the group for the year ended 31 July 2024.

REVIEW OF BUSINESS
The group's overall activity for the year ended 31 July 2024 resulted in an increase of 12.2% in turnover, and the highest turnover in the group's history. Following a decline in turnover post Covid, the 2023/24 financial year saw the position fully recovered with additional growth on top, particularly in the hygiene and janitorial product category, and the 2023/24 financial year has seen the business continue that growth. Direct costs followed a similar trend to the previous financial year through close monitoring and negotiations despite significant pressures surrounding supply chains. Overheads were largely impacted by inflation, increased interest rates and by outside geopolitical factors impacting freight costs both within the UK and on a global scale.

The group has continued to invest in their technology offering in order to maintain its position at the forefront of the industry, ensuring that it continues to provide exceptional added value solutions, services and products to their customers.

The group has managed to keep close control over direct costs and supply chain pressures through strict monitoring of stock levels and maintaining just-in-time demand planning software. Despite significant pressures with inflation, fuel surcharges, and extended delivery lead times due to pressures at the ports, the group has maintained strong relationships with both customers and suppliers.

The groups net assets at 31 July 2024 were £1,479,376 (2023: £857,732).

FUTURE DEVELOPMENTS
The group will continue to concentrate on providing exceptional customer service whilst organically growing existing sectors in the UK and looking to develop in new markets in Europe and beyond. Continued focus and investment in technology-based solutions to drive efficiencies and deliver value back to both its customers and suppliers remains the group's key focus.

PRINCIPAL RISKS AND UNCERTAINTIES
Geopolitical developments; there is an increasing risk of future global destabilisation which impacts on international business activities such as imports, exports, international trade restrictions, sanctions and supply chain delays.

Significant market shifts; changing customer demand, competitor activities, supplier availability and other stakeholder requirements are continually changing, there is a risk of unforeseen shifts which are outside the groups expectations.

Financial risks; ongoing interest rate fluctuations, inflation and general financial instability in the market leads to increasing costs of debt.

RESEARCH & DEVELOPMENT
During the year the group continued to invest in developing software that enhances efficiencies and allows for the improved monitoring and measurement of procurement using the group's bespoke technology.


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2024

KEY PERFORMANCE INDICATORS
Performance during the year, together with historical trend data is set out in the table below:

2024 2023 Definition, method of calculation
Turnover (£) 13,565,758 12,089,136 Taken directly from the consolidated income
statement.
Gross Margin (%) 33.49% 31.92% Gross margin is the ratio of gross profit before
exceptional items expressed as a percentage. The
directors are pleased that the gross margin has
continued to increase this year.
EBITDA (£) 1,791,230 1,124,291 Earnings before interest, tax, depreciation,
amortisation and exceptional items.

ON BEHALF OF THE BOARD:





J M Hall - Director


20 November 2024

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2024


The directors present their report with the financial statements of the company and the group for the year ended 31 July 2024.

DIVIDENDS
Interim dividends were paid monthly in respect of the company's Ordinary £1 shares.

The total distribution of dividends for the year ended 31 July 2024 was £263,370 (2023: £181,551).

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

R D Hall
M J Hall
T M Hall
J M Hall

Other changes in directors holding office are as follows:

J Trenwith - resigned 19 June 2024

DISCLOSURE IN THE STRATEGIC REPORT
The directors set out an analysis of the company's performance, key risks and uncertainties and future developments within the separate strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, 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). 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.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





J M Hall - Director


20 November 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES CORPORATE GROUP LIMITED


Opinion
We have audited the financial statements of Consumables Corporate Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 July 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES CORPORATE GROUP LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES CORPORATE GROUP LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities even though the audit has been properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, and the industry in which it operates. These include but are not limited to compliance with the Companies Act 2006, UK Generally Accepted Accounting Practice and the relevant tax compliance regulations for the company.

- We obtained an understanding of how the company is complying with these frameworks through discussions with
management.

- We enquired with management whether there were any instances of non-compliance with laws and regulations or
whether they had knowledge of actual or suspected fraud. These enquiries are corroborated through follow-up audit
procedures including but not limited to a review of legal and professional costs and correspondence.

- We assessed the susceptibility of the company's financial statements to material misstatement, including the risk of
fraud and management override of controls. We designed our audit procedures to respond to this assessment, including the identification and testing of any related party transactions and the testing of journal transactions that arise from management estimates, that are determined to be of significant value or unusual in their nature.

- We assessed the appropriateness of the collective competence and capabilities of the engagement team, including consideration of the engagement team's knowledge and understanding of the industry in which the company operates in, and their practical experience through training and participation with audit engagements of a similar nature.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES CORPORATE GROUP LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




James Flood FCA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

20 November 2024

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £ £

TURNOVER 13,565,758 12,089,136

Cost of sales (9,023,460 ) (8,229,795 )
GROSS PROFIT 4,542,298 3,859,341

Administrative expenses (3,073,465 ) (3,035,609 )
1,468,833 823,732

Other operating income 1,452 367
OPERATING PROFIT 4 1,470,285 824,099

Interest receivable and similar income 13,428 1,400
1,483,713 825,499

Interest payable and similar expenses 5 (230,823 ) (186,248 )
PROFIT BEFORE TAXATION 1,252,890 639,251

Tax on profit 6 (367,757 ) (139,649 )
PROFIT FOR THE FINANCIAL YEAR 885,133 499,602
Profit attributable to:
Owners of the parent 885,048 499,487
Non-controlling interests 85 115
885,133 499,602

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £ £

PROFIT FOR THE YEAR 885,133 499,602


OTHER COMPREHENSIVE INCOME
Gain on revaluation of fixed assets
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

885,133

499,602

Total comprehensive income attributable to:
Owners of the parent 885,048 499,487
Non-controlling interests 85 115
885,133 499,602

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 9 660,651 800,105
Tangible assets 10 302,136 462,878
Investments 11 - -
962,787 1,262,983

CURRENT ASSETS
Stocks 12 1,154,990 989,639
Debtors 13 4,110,598 3,230,149
Cash at bank 372,886 430,727
5,638,474 4,650,515
CREDITORS
Amounts falling due within one year 14 (5,060,766 ) (4,612,192 )
NET CURRENT ASSETS 577,708 38,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,540,495

1,301,306

CREDITORS
Amounts falling due after more than one year 15 - (376,920 )

PROVISIONS FOR LIABILITIES 19 (61,119 ) (66,654 )
NET ASSETS 1,479,376 857,732

CAPITAL AND RESERVES
Called up share capital 20 1,140 1,140
Non - distributable reserves 104,999 104,999
Retained earnings 1,373,152 751,474
SHAREHOLDERS' FUNDS 1,479,291 857,613

NON-CONTROLLING INTERESTS 85 119
TOTAL EQUITY 1,479,376 857,732

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED BALANCE SHEET - continued
31 JULY 2024


The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





J M Hall - Director


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

COMPANY BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 - -
Investments 11 21,997 21,997
21,997 21,997

CURRENT ASSETS
Debtors 13 43,330 43,330

CREDITORS
Amounts falling due within one year 14 (20,857 ) (20,857 )
NET CURRENT ASSETS 22,473 22,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,470

44,470

CAPITAL AND RESERVES
Called up share capital 20 1,140 1,140
Retained earnings 43,330 43,330
SHAREHOLDERS' FUNDS 44,470 44,470

Company's profit for the financial year 263,370 180,206

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





J M Hall - Director


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024

Called up Non -
share Retained distributable
capital earnings reserves
£ £ £
Balance at 1 August 2022 1,140 433,538 104,999

Changes in equity
Dividends - (181,551 ) -
Total comprehensive income - 499,487 -
Balance at 31 July 2023 1,140 751,474 104,999

Changes in equity
Dividends - (263,370 ) -
Total comprehensive income - 885,048 -
Balance at 31 July 2024 1,140 1,373,152 104,999
Non-controlling Total
Total interests equity
£ £ £
Balance at 1 August 2022 539,677 4 539,681

Changes in equity
Dividends (181,551 ) - (181,551 )
Total comprehensive income 499,487 115 499,602
Balance at 31 July 2023 857,613 119 857,732

Changes in equity
Dividends (263,370 ) - (263,370 )
Total comprehensive income 885,048 85 885,133
Balance at 31 July 2024 1,479,291 204 1,479,495

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 August 2022 1,140 44,675 45,815

Changes in equity
Dividends - (181,551 ) (181,551 )
Total comprehensive income - 180,206 180,206
Balance at 31 July 2023 1,140 43,330 44,470

Changes in equity
Dividends - (263,370 ) (263,370 )
Total comprehensive income - 263,370 263,370
Balance at 31 July 2024 1,140 43,330 44,470

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 982,605 722,618
Interest paid (230,823 ) (186,248 )
Tax paid (151,556 ) (22,367 )
Net cash from operating activities 600,226 514,003

Cash flows from investing activities
Purchase of intangible fixed assets (61,986 ) (78,003 )
Purchase of tangible fixed assets (32,720 ) (15,291 )
Sale of tangible fixed assets 2,336 302
Interest received 13,428 1,400
Net cash from investing activities (78,942 ) (91,592 )

Cash flows from financing activities
New loans in year - 450,000
Loan repayments in year (502,581 ) (107,763 )
Capital repayments in year - (17,788 )
Amount withdrawn by directors - (100,235 )
Loan to participating interest (268,002 ) (533,333 )
Increase in invoice factoring utilised 454,828 297,618
Equity dividends paid (263,370 ) (181,551 )
Net cash from financing activities (579,125 ) (193,052 )

(Decrease)/increase in cash and cash equivalents (57,841 ) 229,359
Cash and cash equivalents at beginning of
year

2

430,727

201,368

Cash and cash equivalents at end of year 2 372,886 430,727

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£ £
Profit before taxation 1,252,890 639,251
Depreciation charges 106,007 106,171
Goodwill amortisation 135,327 135,327
Other intangible amortisation 66,113 57,294
Non-controlling interest (119 ) (1,716 )
Finance costs 230,823 186,248
Finance income (13,428 ) (1,400 )
1,777,613 1,121,175
Increase in stocks (80,232 ) (82,106 )
Increase in trade and other debtors (612,447 ) (532,723 )
(Decrease)/increase in trade and other creditors (102,329 ) 216,272
Cash generated from operations 982,605 722,618

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2024
31.7.24 1.8.23
£ £
Cash and cash equivalents 372,886 430,727
Year ended 31 July 2023
31.7.23 1.8.22
£ £
Cash and cash equivalents 430,727 201,368


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2024


3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1.8.23 Cash flow At 31.7.24
£ £ £
Net cash
Cash at bank 430,727 (57,841 ) 372,886
430,727 (57,841 ) 372,886
Debt
Debts falling due within 1 year (198,223 ) 125,661 (72,562 )
Debts falling due after 1 year (376,920 ) 376,920 -
(575,143 ) 502,581 (72,562 )
Total (144,416 ) 444,740 300,324

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


1. STATUTORY INFORMATION

Consumables Corporate Group 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure Is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the group. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

Going Concern
Consumables Manufacturing Limited, a company consolidated within the accounts, ceased operations at the beginning of the previous financial year. The company is in the process of disposing of its remaining assets as at the date of this report.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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:

Sale of goods
Revenue from the sale of goods is recognised when the goods are despatched to the customer and the amount of revenue can be measured reliably.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in previous years, is being amortised over their estimated useful economic lives of ten years.

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


2. ACCOUNTING POLICIES - continued

Intangible assets - domain names
Domain names are carried at their fair value less any accumulated amortisation and impairment losses. Revaluations are completed on a periodic basis to ensure the fair value used is accurate. Any uplift in valuation is held within non-distributable reserves.

Intangible assets - other intangible assets
Other intangible assets are initially measured at cost. After initial recognition the assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - Over the length of the lease
Plant and machinery - Straight line over 5 years
Fixtures and fittings - 15% Straight line, Straight line over 4 years and Straight line over 3 years
Motor vehicles - Straight line over 3 years
Computer equipment - 3-10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less cost to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment and to see whether a stock provision is required. If stock is impaired, the carrying amount is reduced to its selling pice less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Stock is provided for where there has been no movements in the calendar year, at a percentage agreed upon by the directors.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if an only if certain specific criteria are met in order to demonstrate the asset will generate future economic benefits and that its cost can be reliably measured. The capitalised developments costs are subsequently amortised on a straight line basis over their useful economic lives of 10 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

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.

Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Benefits received and receivables 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 lessee's benefit from the use of the leased asset.

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.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The Group has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets
Financial assets are recognised in the Group's statement of financial position when the group becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the group are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

3. EMPLOYEES AND DIRECTORS
2024 2023
£ £
Wages and salaries 1,383,146 1,219,356
Social security costs 115,873 144,796
Other pension costs 24,917 24,627
1,523,936 1,388,779

The average number of employees during the year was as follows:
2024 2023

Directors 5 5
One-Team 15 15
Customer services 6 6
Supply chain 6 6
Warehouse 14 15
Technology and data 3 3
Administration 6 6
55 56

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


3. EMPLOYEES AND DIRECTORS - continued

2024 2023
£ £
Directors' remuneration 119,071 188,942

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£ £
Hire of plant and machinery 29,322 38,947
Other operating leases - 14,148
Depreciation - owned assets 106,007 106,171
Loss on disposal of fixed assets 1,087 302
Goodwill amortisation 135,327 135,327
Other intangible assets amortisation 66,113 57,294
Auditors' remuneration 12,175 11,025
Warehouse rentals 167,530 164,586

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£ £
Bank loan interest 40,347 36,138
Directors' loan interest - 1,345
Interest on factored debts 190,476 148,396
Hire purchase - 369
230,823 186,248

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£ £
Current tax:
UK corporation tax 373,292 150,607
Foreign tax - current - 293
Total current tax 373,292 150,900

Deferred tax (5,535 ) (11,251 )
Tax on profit 367,757 139,649

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£ £
Profit before tax 1,252,890 639,251
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 21 %)

313,223

134,243

Effects of:
Expenses not deductible for tax purposes 5,600 5,861
Allowable R&D costs and enhanced deduction (15,497 ) (44,717 )
Depreciation and amortisation on non-qualifying assets 51,046 41,026
Effect of change in tax rate - (1,870 )
Deferred tax not provided on current year timing differences 13,385 5,106
Total tax charge 367,757 139,649

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 July 2024.

2023
Gross Tax Net
£ £ £
Gain on revaluation of fixed assets

UK corporation tax has been charged at an effective rate of 25% (2023: 21%).

7. INDIVIDUAL INCOME STATEMENT

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


8. DIVIDENDS
2024 2023
£ £
Ordinary shares of 1 each
Interim 263,370 181,551

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


9. INTANGIBLE FIXED ASSETS

Group
Other
Domain intangible
Goodwill names assets Totals
£ £ £ £
COST OR VALUATION
At 1 August 2023 1,777,975 105,000 740,933 2,623,908
Additions - - 61,986 61,986
At 31 July 2024 1,777,975 105,000 802,919 2,685,894
AMORTISATION
At 1 August 2023 1,448,217 - 375,586 1,823,803
Amortisation for year 135,327 - 66,113 201,440
At 31 July 2024 1,583,544 - 441,699 2,025,243
NET BOOK VALUE
At 31 July 2024 194,431 105,000 361,220 660,651
At 31 July 2023 329,758 105,000 365,347 800,105

Cost or valuation at 31 July 2024 is represented by:

Other
Domain intangible
Goodwill names assets Totals
£ £ £ £
Valuation in 2022 - 104,999 - 104,999
Cost 1,777,975 1 802,919 2,580,895
1,777,975 105,000 802,919 2,685,894

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


10. TANGIBLE FIXED ASSETS

Group
Fixtures
Long Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 August 2023 125,144 383,986 48,028
Additions 1,486 8,946 2,662
Disposals - (548 ) -
Reclassification/transfer - (192,767 ) -
At 31 July 2024 126,630 199,617 50,690
DEPRECIATION
At 1 August 2023 20,098 145,747 26,086
Charge for year 8,932 63,957 6,662
Eliminated on disposal - (46 ) -
Reclassification/transfer - (107,648 ) -
At 31 July 2024 29,030 102,010 32,748
NET BOOK VALUE
At 31 July 2024 97,600 97,607 17,942
At 31 July 2023 105,046 238,239 21,942

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


10. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 August 2023 4,493 350,703 912,354
Additions 5,355 14,271 32,720
Disposals (2,600 ) - (3,148 )
Reclassification/transfer - - (192,767 )
At 31 July 2024 7,248 364,974 749,159
DEPRECIATION
At 1 August 2023 2,297 255,248 449,476
Charge for year 1,850 24,606 106,007
Eliminated on disposal (766 ) - (812 )
Reclassification/transfer - - (107,648 )
At 31 July 2024 3,381 279,854 447,023
NET BOOK VALUE
At 31 July 2024 3,867 85,120 302,136
At 31 July 2023 2,196 95,455 462,878

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£
COST
At 1 August 2023
and 31 July 2024 21,997
NET BOOK VALUE
At 31 July 2024 21,997
At 31 July 2023 21,997


CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


11. FIXED ASSET INVESTMENTS - continued


Direct subsidiary undertakings
The following were direct subsidiary undertakings of the Company:

Name Registered office Class of
shares
Holding
Consumable Solutions
Limited
Unit 4 Ignition Faraday
Road,Dorcan,Swindon,England,SN3
5HS
Ordinary 100%
Consumables Solutions
SPZOO
SP Z O O,Krolowej Jadwigi
16/1,Kujawsko-pomorskie,87-100,T
orun,Poland
Ordinary 95%
Consumables
Manufacturing Limited and
Consumables Technology
Limited
Unit 4 Ignition Faraday
Road,Dorcan,Swindon,England,SN3
5HS
Ordinary 100%

Profits attributable to minority share holders are presented as non-controlling interests within equity on the statement of financial position.

Consumables Manufacturing Limited (Registered Number 07086762) is exempt under s479A Companies Act 2006 from the requirements of the same act relating to the audit of their individual financial statements. Consumables Technology Limited (Registered Number 12559564) is dormant.

12. STOCKS

Group
2024 2023
£ £
Stocks 1,154,990 989,639

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£ £ £ £
Trade debtors 3,009,769 2,464,431 - -
Amounts owed by group undertakings - - 42,320 42,320
Amounts owed by participating interests 801,335 533,333 - -
Other debtors 59,143 47,188 1,010 1,010
Prepayments and accrued income 240,351 185,197 - -
4,110,598 3,230,149 43,330 43,330

Amounts owed by participating interests are interest free and repayable on demand.

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£ £ £ £
Bank loans and overdrafts (see note 16) 72,562 198,223 - -
Trade creditors 1,365,799 1,642,068 - -
Amounts owed to group undertakings - - 1,003 1,003
Tax 377,883 156,147 - -
Social security and other taxes 16,048 27,414 - -
VAT 262,345 208,851 - -
Other creditors 2,624,050 2,170,202 19,854 19,854
Accruals and deferred income 342,079 209,287 - -
5,060,766 4,612,192 20,857 20,857

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£ £
Bank loans (see note 16) - 376,920

16. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 72,562 198,223
Amounts falling due between one and two years:
Bank loans - 1-2 years - 185,391
Amounts falling due between two and five years:
Bank loans - 2-5 years - 191,529

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


Group
Non-cancellable
operating leases
2024 2023
£ £
Within one year 240,556 262,102
Between one and five years 772,215 819,478
In more than five years 937,799 1,144,712
1,950,570 2,226,292

18. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£ £
Other creditors 2,530,567 2,075,739
Bank loans - 416,859
2,530,567 2,492,598

Included in other creditors is an invoice factoring facility, which is secured via a fixed and floating charge over all of the group's fixed and current assets.

Personal guarantees to the total value of £295,000 have been provided by three directors over the invoice factoring and cash flow loan facilities. Now that the cash flow loan has been repaid in the current year, the value of personal guarantees has reduced to £150,000.

19. PROVISIONS FOR LIABILITIES

Group
2024 2023
£ £
Deferred tax 61,119 66,654

Group
Deferred tax
£
Balance at 1 August 2023 66,654
Accelerated capital allowances (5,535 )
Balance at 31 July 2024 61,119

CONSUMABLES CORPORATE GROUP LIMITED (REGISTERED NUMBER: 07090729)

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


20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,140 Ordinary 1 1,140 1,140

21. RELATED PARTY DISCLOSURES

During the prior year restructuring took place resulting in a loan of £533,333 being made to Consumables MBO Limited, a company with a participating interest in Consumables Corporate Group Limited. At the balance sheet date, the company was owed £533,333 by Consumables MBO Limited. The loan is interest free and repayable on demand.

During the year restructuring took place resulting in a loan of £268,002 being made to Consumables MBO II
Limited, a company with a participating interest in Consumables Corporate Group Limited. At the balance sheet date, the company was owed £268,002 by Consumables MBO II Limited. The loan is interest free and repayable on demand.

22. ULTIMATE CONTROLLING PARTY

The group is controlled by R D Hall, M J Hall, and J M Hall by virtue of their holding of a majority of shares in the parent company.