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REGISTERED NUMBER: 02868176 (England and Wales)












CONSUMABLES SOLUTIONS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14


CONSUMABLES SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







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





SECRETARIES: M J Hall
J A A Hall





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





REGISTERED NUMBER: 02868176 (England and Wales)





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

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2024


The directors present their strategic report for the year ended 31 July 2024.

REVIEW OF BUSINESS
The companys overall activity for the year ended 31 July 2024 resulted in an increase of 12.2% in turnover, and the highest turnover in the company'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 company 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 company 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 company has maintained strong relationships with both customers and suppliers.

The company's net assets at 31 July 2024 were £1,994,828 (2023: £1,321,014).

FUTURE DEVELOPMENTS
The company 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 company'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 company's 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 company continued to invest in developing software that enhances efficiencies and allows for the improved monitoring and measurement of procurement using the company's bespoke technology.


CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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 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 (£) 1,786,254 1,115,988 Earnings before interest, tax, depreciation, amortisation and
exceptional items.

ON BEHALF OF THE BOARD:





J M Hall - Director


20 November 2024

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2024


The directors present their report with the financial statements of the company 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.

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

Other changes in directors holding office are as follows:

J Trenwith - resigned 19 June 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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 company'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 company'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 SOLUTIONS LIMITED


Opinion
We have audited the financial statements of Consumables Solutions Limited (the 'company') for the year ended 31 July 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 July 2024 and of its 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 company 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 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 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.

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 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 Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES SOLUTIONS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or
- the 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 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 company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CONSUMABLES SOLUTIONS 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 SOLUTIONS 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 SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £ £

TURNOVER 13,565,758 12,089,136

Cost of sales (9,021,801 ) (8,229,795 )
GROSS PROFIT 4,543,957 3,859,341

Administrative expenses (3,022,898 ) (3,003,959 )
1,521,059 855,382

Other operating income 1,452 367
OPERATING PROFIT 4 1,522,511 855,749

Interest receivable and similar income 13,254 1,116
1,535,765 856,865

Interest payable and similar expenses 5 (230,824 ) (184,903 )
PROFIT BEFORE TAXATION 1,304,941 671,962

Tax on profit 6 (367,757 ) (139,356 )
PROFIT FOR THE FINANCIAL YEAR 937,184 532,606

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £ £

PROFIT FOR THE YEAR 937,184 532,606


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

937,184

532,606

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 8 990,855 1,130,309
Tangible assets 9 302,136 334,055
1,292,991 1,464,364

CURRENT ASSETS
Stocks 10 1,069,871 989,639
Debtors 11 4,390,517 3,496,360
Cash at bank 365,043 426,515
5,825,431 4,912,514
CREDITORS
Amounts falling due within one year 12 (5,062,475 ) (4,612,290 )
NET CURRENT ASSETS 762,956 300,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,055,947

1,764,588

CREDITORS
Amounts falling due after more than one year 13 - (376,920 )

PROVISIONS FOR LIABILITIES 17 (61,119 ) (66,654 )
NET ASSETS 1,994,828 1,321,014

CAPITAL AND RESERVES
Called up share capital 18 10,000 10,000
Non- distributable reserves 104,999 104,999
Retained earnings 1,879,829 1,206,015
SHAREHOLDERS' FUNDS 1,994,828 1,321,014

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 SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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

Called up Non-
share Retained distributable Total
capital earnings reserves equity
£ £ £ £
Balance at 1 August 2022 10,000 854,960 104,999 969,959

Changes in equity
Dividends - (181,551 ) - (181,551 )
Total comprehensive income - 532,606 - 532,606
Balance at 31 July 2023 10,000 1,206,015 104,999 1,321,014

Changes in equity
Dividends - (263,370 ) - (263,370 )
Total comprehensive income - 937,184 - 937,184
Balance at 31 July 2024 10,000 1,879,829 104,999 1,994,828

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


1. STATUTORY INFORMATION

Consumables 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 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 financial statements are prepared in sterling, which is the functional currency of the company. 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.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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.

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.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


2. ACCOUNTING POLICIES - continued

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 and software - 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 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.

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.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


2. ACCOUNTING POLICIES - continued

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 and 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 lease term.

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 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.

Financial instruments
The Company 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 company's statement of financial position when the company 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 company 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 company.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


3. EMPLOYEES AND DIRECTORS
2024 2023
£ £
Wages and salaries 1,238,185 1,257,262
Social security costs 115,873 122,427
Other pension costs 24,917 24,627
1,378,975 1,404,316

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 2 2
Warehouse 14 15
Administration 4 4
46 47

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 62,303 67,618
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 under lease 167,530 164,586

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£ £
Bank loan interest 40,348 36,138
Interest on factored debts 190,476 148,396
Hire purchase - 369
230,824 184,903

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

Deferred tax (5,535 ) (11,251 )
Tax on profit 367,757 139,356

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

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

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


8. INTANGIBLE FIXED ASSETS
Other
Domain intangible
Goodwill names assets Totals
£ £ £ £
COST OR VALUATION
At 1 August 2023 2,108,179 105,000 740,933 2,954,112
Additions - - 61,986 61,986
At 31 July 2024 2,108,179 105,000 802,919 3,016,098
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 524,635 105,000 361,220 990,855
At 31 July 2023 659,962 105,000 365,347 1,130,309

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 2,108,179 1 802,919 2,911,099
2,108,179 105,000 802,919 3,016,098

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


9. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 August 2023 125,144 190,659 48,028
Additions 1,486 8,946 2,662
Disposals - (548 ) -
At 31 July 2024 126,630 199,057 50,690
DEPRECIATION
At 1 August 2023 20,098 81,243 26,086
Charge for year 8,932 20,253 6,662
Eliminated on disposal - (46 ) -
At 31 July 2024 29,030 101,450 32,748
NET BOOK VALUE
At 31 July 2024 97,600 97,607 17,942
At 31 July 2023 105,046 109,416 21,942

Computer
equipment
Motor and
vehicles software Totals
£ £ £
COST
At 1 August 2023 4,210 350,703 718,744
Additions 5,355 14,271 32,720
Disposals (2,600 ) - (3,148 )
At 31 July 2024 6,965 364,974 748,316
DEPRECIATION
At 1 August 2023 2,014 255,248 384,689
Charge for year 1,850 24,606 62,303
Eliminated on disposal (766 ) - (812 )
At 31 July 2024 3,098 279,854 446,180
NET BOOK VALUE
At 31 July 2024 3,867 85,120 302,136
At 31 July 2023 2,196 95,455 334,055

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


10. STOCKS
2024 2023
£ £
Stocks 1,069,871 989,639

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 3,009,769 2,464,431
Amounts owed by group undertakings 281,191 268,486
Amounts owed by participating interests 801,335 533,333
Other debtors 57,871 45,987
Prepayments and accrued income 240,351 184,123
4,390,517 3,496,360

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

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 14) 72,562 198,223
Trade creditors 1,365,799 1,642,069
Amounts owed to group undertakings 42,320 42,320
Tax 373,292 151,556
Social security and other taxes 16,048 27,414
VAT 264,992 211,144
Other creditors 2,585,383 2,130,277
Accruals and deferred income 342,079 209,287
5,062,475 4,612,290

Amounts owed to group undertakings are interest free and repayable on demand.

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 14) - 376,920

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


14. LOANS

An analysis of the maturity of loans is given below:

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

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
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

16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Other creditors 2,530,567 2,075,739
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 company'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.

CONSUMABLES SOLUTIONS LIMITED (REGISTERED NUMBER: 02868176)

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


17. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 61,119 66,654

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

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10,000 Ordinary 1 10,000 10,000

19. RELATED PARTY DISCLOSURES

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.

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 Solutions 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 Solutions 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.

20. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Consumables Corporate Group Limited whose registered office is Unit 4 Ignition Faraday Road, Dorcan, Swindon, England, SN3 5HS.

The smallest and largest company which prepares consolidated accounts in which these figures are included is Consumables Corporate Group Limited. Copies of these financial statements are available at Companies House.