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REGISTERED NUMBER: 04000356 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED

COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 04000356)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J K Chatwin
G B Chatwin
L H Smith





REGISTERED OFFICE: 24 Upper High Street
Cradley Heath
West Midlands
B64 5HX





REGISTERED NUMBER: 04000356 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 04000356)

BALANCE SHEET
31 MAY 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,060,453 811,033

CURRENT ASSETS
Debtors 5 12,885 5,044
Cash at bank and in hand 96,989 75,189
109,874 80,233
CREDITORS
Amounts falling due within one year 6 93,143 82,399
NET CURRENT ASSETS/(LIABILITIES) 16,731 (2,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,184

808,867

CREDITORS
Amounts falling due after more than one
year

7

418,784

249,908
NET ASSETS 658,400 558,959

CAPITAL AND RESERVES
Called up and paid share capital 5 5
Retained earnings 658,395 558,954
SHAREHOLDERS' FUNDS 658,400 558,959

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 04000356)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





J K Chatwin - Director


COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 04000356)

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


1. STATUTORY INFORMATION

Complete Property Services (Midlands) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Financial instruments
Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
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.


COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 04000356)

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

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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 806,785 20,819 827,604
Additions 248,054 2,777 250,831
At 31 May 2024 1,054,839 23,596 1,078,435
DEPRECIATION
At 1 June 2023 - 16,571 16,571
Charge for year - 1,411 1,411
At 31 May 2024 - 17,982 17,982
NET BOOK VALUE
At 31 May 2024 1,054,839 5,614 1,060,453
At 31 May 2023 806,785 4,248 811,033

Included in cost of land and buildings is freehold land of £ 1,054,839 (2023 - £ 806,785 ) which is not depreciated.

COMPLETE PROPERTY SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 04000356)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 12,885 5,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,041 18,635
Taxation and social security 29,414 25,559
Other creditors 33,688 28,205
93,143 82,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 12,493 22,500
Other creditors 406,291 227,408
418,784 249,908