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REGISTERED NUMBER: 04401743 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

CSL Partnership Limited

CSL Partnership Limited (Registered number: 04401743)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CSL Partnership Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Lane
Mrs E C Foster





SECRETARY: Mrs E C Foster





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 04401743 (England and Wales)






CSL Partnership Limited (Registered number: 04401743)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 345,000 373,750
Tangible assets 5 - -
Investments 6 33 33
345,033 373,783

CURRENT ASSETS
Debtors 7 406,601 487,323
Cash at bank 171,226 181,432
577,827 668,755
CREDITORS
Amounts falling due within one year 8 (215,474 ) (267,436 )
NET CURRENT ASSETS 362,353 401,319
TOTAL ASSETS LESS CURRENT LIABILITIES 707,386 775,102

CREDITORS
Amounts falling due after more than one
year

9

(12,235

)

(22,764

)
NET ASSETS 695,151 752,338

CAPITAL AND RESERVES
Called up share capital 450 450
Capital redemption reserve 150 150
Retained earnings 694,551 751,738
SHAREHOLDERS' FUNDS 695,151 752,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CSL Partnership Limited (Registered number: 04401743)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:




A J Lane - Director



Mrs E C Foster - Director


CSL Partnership Limited (Registered number: 04401743)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

CSL Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable under contracts, net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Goodwill
Goodwill is written off over its useful life of 20 years on a straight line basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

CSL Partnership Limited (Registered number: 04401743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 575,000
AMORTISATION
At 1 April 2023 201,250
Charge for year 28,750
At 31 March 2024 230,000
NET BOOK VALUE
At 31 March 2024 345,000
At 31 March 2023 373,750

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,000 5,000 15,000
DEPRECIATION
At 1 April 2023
and 31 March 2024 10,000 5,000 15,000
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

CSL Partnership Limited (Registered number: 04401743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 33
NET BOOK VALUE
At 31 March 2024 33
At 31 March 2023 33

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 182,940 240,451
Amounts recoverable on contract 136,904 119,127
Other debtors 27,060 31,061
Directors' loan accounts 19,990 19,990
Tax 12,890 6,144
Prepayments and accrued income 26,817 70,550
406,601 487,323

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,198 9,950
Finance leases (see note 10) 326 1,305
Trade creditors 12,375 64,365
Tax 60,331 59,961
Social security and other taxes 112,317 117,678
Other creditors 5,540 3,294
Directors' current accounts 6,024 1,954
Accrued expenses 8,363 8,929
215,474 267,436

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,461 10,203
Bank loans - 2-5 years 1,774 12,235
Finance leases (see note 10) - 326
12,235 22,764

CSL Partnership Limited (Registered number: 04401743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 326 1,305
Between one and five years - 326
326 1,631

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 43,808 59,264
Between one and five years 5,352 35,011
49,160 94,275

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Finance leases 326 1,631

Finance lease agreements are secured on the assets to which they relate.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mrs E C Foster
Balance outstanding at start of year 9,995 9,995
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,995 9,995

A J Lane
Balance outstanding at start of year 9,995 9,995
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,995 9,995