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REGISTERED NUMBER: 03262118 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

C & G COMMERCIAL SERVICES LIMITED

C & G COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 03262118)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & G COMMERCIAL SERVICES LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTOR: A Golding





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 03262118 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

C & G COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 03262118)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201,390 195,973

CURRENT ASSETS
Debtors 5 5,158,848 4,707,780
Cash at bank and in hand 484,183 665,130
5,643,031 5,372,910
CREDITORS
Amounts falling due within one year 6 888,948 733,341
NET CURRENT ASSETS 4,754,083 4,639,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,955,473

4,835,542

CREDITORS
Amounts falling due after more than one
year

7

(18,618

)

(237,229

)

PROVISIONS FOR LIABILITIES (33,458 ) (27,948 )
NET ASSETS 4,903,397 4,570,365

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 8 4,903,391 4,570,359
SHAREHOLDERS' FUNDS 4,903,397 4,570,365

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

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

The director acknowledges his 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.

C & G COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 03262118)

Balance Sheet - continued
31 October 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 director and authorised for issue on 20 January 2025 and were signed by:





A Golding - Director


C & G COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 03262118)

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

1. STATUTORY INFORMATION

C & G Commercial Services 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer & office equipment - 20% on reducing balance

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.

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.

C & G COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 03262118)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
Plant and and Motor & office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 19,329 4,000 510,375 68,112 601,816
Additions - - 68,653 6,901 75,554
Disposals - - (18,700 ) - (18,700 )
At 31 October 2024 19,329 4,000 560,328 75,013 658,670
DEPRECIATION
At 1 November 2023 18,400 3,641 327,595 56,207 405,843
Charge for year - 72 61,958 3,762 65,792
Eliminated on disposal - - (14,355 ) - (14,355 )
At 31 October 2024 18,400 3,713 375,198 59,969 457,280
NET BOOK VALUE
At 31 October 2024 929 287 185,130 15,044 201,390
At 31 October 2023 929 359 182,780 11,905 195,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 888,539 437,501
Amounts owed by group undertakings 4,261,994 4,061,464
Other debtors - 201,775
Prepayments 8,315 7,040
5,158,848 4,707,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other loans 218,611 211,066
Trade creditors 271,179 209,801
Tax 149,725 78,558
Social security and other taxes 12,348 6,721
VAT 63,424 72,656
Other creditors 166,531 150,458
Accruals and deferred income 7,130 4,081
888,948 733,341

C & G COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 03262118)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other loans - 1-2 years 18,618 218,611
Other loans - 2-5 years - 18,618
18,618 237,229

8. RESERVES
Retained
earnings
£   

At 1 November 2023 4,570,359
Profit for the year 453,432
Dividends (120,400 )
At 31 October 2024 4,903,391

9. ULTIMATE CONTROLLING PARTY

The controlling party is C & G Commercial Holdings Ltd.

The ultimate controlling party is A Golding.