Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Simon Colenutt 09/03/2006 Richard Bowler Kemsley 09/03/2006 15 November 2024 The principal activity of the company during the year has been the supply of new and used office furniture. 05737355 2024-03-31 05737355 bus:Director1 2024-03-31 05737355 bus:Director2 2024-03-31 05737355 2023-03-31 05737355 core:CurrentFinancialInstruments 2024-03-31 05737355 core:CurrentFinancialInstruments 2023-03-31 05737355 core:ShareCapital 2024-03-31 05737355 core:ShareCapital 2023-03-31 05737355 core:RetainedEarningsAccumulatedLosses 2024-03-31 05737355 core:RetainedEarningsAccumulatedLosses 2023-03-31 05737355 core:Goodwill 2023-03-31 05737355 core:Goodwill 2024-03-31 05737355 core:OtherPropertyPlantEquipment 2023-03-31 05737355 core:OtherPropertyPlantEquipment 2024-03-31 05737355 bus:OrdinaryShareClass1 2024-03-31 05737355 2023-04-01 2024-03-31 05737355 bus:AbridgedAccounts 2023-04-01 2024-03-31 05737355 bus:SmallEntities 2023-04-01 2024-03-31 05737355 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05737355 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05737355 bus:Director1 2023-04-01 2024-03-31 05737355 bus:Director2 2023-04-01 2024-03-31 05737355 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 05737355 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-04-01 2024-03-31 05737355 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 05737355 2022-04-01 2023-03-31 05737355 core:Goodwill 2023-04-01 2024-03-31 05737355 core:OtherPropertyPlantEquipment 1 2023-04-01 2024-03-31 05737355 1 2023-04-01 2024-03-31 05737355 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05737355 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05737355 (England and Wales)

C.K. OFFICE SERVICES LTD.

Abridged Unaudited Financial Statements
For the financial year ended 31 March 2024

C.K. OFFICE SERVICES LTD.

Abridged Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

C.K. OFFICE SERVICES LTD.

COMPANY INFORMATION

For the financial year ended 31 March 2024
C.K. OFFICE SERVICES LTD.

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Simon Colenutt
Richard Bowler Kemsley
SECRETARY Simon Colenutt
REGISTERED OFFICE Unit 10 Eldon Way Industrial
Estate Paddock Wood
Tonbridge
TN12 6BE
United Kingdom
COMPANY NUMBER 05737355 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
C.K. OFFICE SERVICES LTD.

BALANCE SHEET

As at 31 March 2024
C.K. OFFICE SERVICES LTD.

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 4 4,500 6,750
Tangible assets 5 30,320 6,444
34,820 13,194
Current assets
Stocks 13,436 17,198
Debtors 93,616 163,903
Cash at bank and in hand 615,112 715,105
722,164 896,206
Creditors: amounts falling due within one year ( 421,106) ( 488,363)
Net current assets 301,058 407,843
Total assets less current liabilities 335,878 421,037
Net assets 335,878 421,037
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 335,778 420,937
Total shareholders' funds 335,878 421,037

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C.k. Office Services Ltd. (registered number: 05737355) were approved and authorised for issue by the Board of Directors on 15 November 2024. They were signed on its behalf by:

Simon Colenutt
Director
C.K. OFFICE SERVICES LTD.

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
C.K. OFFICE SERVICES LTD.

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C.k. Office Services Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 10 Eldon Way Industrial, Estate Paddock Wood, Tonbridge, TN12 6BE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company; and
- the costs incurred or to be incurred in respect of the transition can be measured reliably.

Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line
25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 7

3. Tax on profit

2024 2023
£ £
Current tax on profit
UK corporation tax 111,555 79,471
Total current tax 111,555 79,471
Deferred tax
Origination and reversal of timing differences ( 1,224) ( 237)
Total deferred tax ( 1,224) ( 237)
Total tax on profit 110,331 79,234

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 45,000 45,000
At 31 March 2024 45,000 45,000
Accumulated amortisation
At 01 April 2023 38,250 38,250
Charge for the financial year 2,250 2,250
At 31 March 2024 40,500 40,500
Net book value
At 31 March 2024 4,500 4,500
At 31 March 2023 6,750 6,750

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 51,682 51,682
Additions 33,464 33,464
At 31 March 2024 85,146 85,146
Accumulated depreciation
At 01 April 2023 45,238 45,238
Charge for the financial year 9,587 9,587
rounding 1 1
At 31 March 2024 54,826 54,826
Net book value
At 31 March 2024 30,320 30,320
At 31 March 2023 6,444 6,444

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

Advances

As at 31 March 2024, the directors owed £6,339 (2023: £5,635) to the company. In the year then ended, £6,339 was advanced, £5,635 has been repaid, £0 has been written off, and £0 has been waived. Amounts advanced to directors are unsecured, interest-free and repayable on demand.