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REGISTERED NUMBER: 10180315 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

CONSILIUM CXXI LTD

CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

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


CONSILIUM CXXI LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: SB Pearson
T Parker





REGISTERED OFFICE: 3 Southernhay West
Exeter
EX1 1JG





REGISTERED NUMBER: 10180315 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 8,448 10,059
Tangible assets 5 4,588 6,073
13,036 16,132

CURRENT ASSETS
Debtors 6 690,174 1,214,112
Cash at bank 30,980 3,836
721,154 1,217,948
CREDITORS
Amounts falling due within one year 7 (718,558 ) (1,045,868 )
NET CURRENT ASSETS 2,596 172,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,632

188,212

CREDITORS
Amounts falling due after more than one
year

8

(54,167

)

(104,167

)

PROVISIONS FOR LIABILITIES (3,259 ) (3,065 )
NET (LIABILITIES)/ASSETS (41,794 ) 80,980

CAPITAL AND RESERVES
Called up share capital 16,100 16,100
Retained earnings (57,894 ) 64,880
(41,794 ) 80,980

CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

Balance Sheet - continued
31 MAY 2024


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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





SB Pearson - Director


CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. COMPANY INFORMATION

Consilium Cxxi Ltd 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 (£).


The company's principal business address is 3 Northleigh House, Thorverton Road, Matford Business Park, Exeter, EX2 8HF.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods to customers, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% cost
Fixtures and fittings - 20% reducing annual balance

CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 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.

Pensions
The company operates a defined contribution pension scheme for staff and one director. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 16,115
AMORTISATION
At 1 June 2023 6,056
Charge for year 1,611
At 31 May 2024 7,667
NET BOOK VALUE
At 31 May 2024 8,448
At 31 May 2023 10,059

CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 11,390 14,677 26,067
Additions - 290 290
At 31 May 2024 11,390 14,967 26,357
DEPRECIATION
At 1 June 2023 6,476 13,518 19,994
Charge for year 983 792 1,775
At 31 May 2024 7,459 14,310 21,769
NET BOOK VALUE
At 31 May 2024 3,931 657 4,588
At 31 May 2023 4,914 1,159 6,073

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 367,006 690,812
Amounts owed by group undertakings 253,660 496,915
Other debtors 69,508 26,385
690,174 1,214,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 193,315 350,175
Amounts owed to group undertakings 6,869 306,251
Taxation and social security 24,536 33,416
Other creditors 443,838 306,026
718,558 1,045,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 54,167 104,167

CONSILIUM CXXI LTD (REGISTERED NUMBER: 10180315)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 43,212 34,874
Between one and five years 55,158 51,578
98,370 86,452

Some of the leases may have been recharged to other companies within the group, however the lease commitments are with Consilium Cxxi Ltd and has been disclosed in the above figures.

10. SECURED DEBTS

There is a fixed and floating charge with RBS Invoice Finance Ltd over all the assets and undertakings of the company.

11. 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.

Fellow subsidiary companies
Included in creditors within one year are loans with subsidiary companies totalling £6,868 (2023 £306,251). The loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The parent entity is Consilium CXXI Holdings Ltd, a company registered in England and Wales. It's registered office is 3 Southernhay West, Exeter, EX1 1JG.

There is no ultimate controlling entity.