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REGISTERED NUMBER: 04098733 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

C Solutions Limited

C Solutions Limited (Registered number: 04098733)






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


C Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C P Beesley
B S Beesley
C P Telford





SECRETARY: C P Beesley





REGISTERED OFFICE: Faulkner House
Victoria Street
St. Albans
Hertfordshire
AL1 3SE





REGISTERED NUMBER: 04098733 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

C Solutions Limited (Registered number: 04098733)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,346 6,500
Investments 6 184,021 184,021
199,367 190,521

CURRENT ASSETS
Debtors 7 1,413,746 1,659,325
Cash at bank and in hand 1,715,332 1,365,791
3,129,078 3,025,116
CREDITORS
Amounts falling due within one year 8 (2,423,277 ) (2,282,753 )
NET CURRENT ASSETS 705,801 742,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

905,168

932,884

CREDITORS
Amounts falling due after more than one year 9 - (210 )
NET ASSETS 905,168 932,674

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11 905,167 932,673
SHAREHOLDERS' FUNDS 905,168 932,674

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.

C Solutions Limited (Registered number: 04098733)

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 13 March 2025 and were signed on its behalf by:





B S Beesley - Director


C Solutions Limited (Registered number: 04098733)

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

1. STATUTORY INFORMATION

C 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.

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
- the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
- the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the Company;
and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

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.

Software licences are being amortised evenly over their estimated useful life of nil years.

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 - 30% on cost


C Solutions Limited (Registered number: 04098733)

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

2. ACCOUNTING POLICIES - continued
TAXATION
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as
reported in the profit and loss account because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible. The Company's liability for
current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

DEFINED CONTRIBUTION PENSIONS
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once thecontributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

C Solutions Limited (Registered number: 04098733)

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

2. ACCOUNTING POLICIES - continued

LEASED ASSETS
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

FOREIGN CURRENCIES
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

INVESTMENTS
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

C Solutions Limited (Registered number: 04098733)

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

4. INTANGIBLE FIXED ASSETS
Software
licences
£   
COST
At 1 April 2023
and 31 March 2024 4,050
AMORTISATION
At 1 April 2023
and 31 March 2024 4,050
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 8,374 18,637 27,011
Additions 11,663 1,425 13,088
At 31 March 2024 20,037 20,062 40,099
DEPRECIATION
At 1 April 2023 4,975 15,536 20,511
Charge for year 3,072 1,170 4,242
At 31 March 2024 8,047 16,706 24,753
NET BOOK VALUE
At 31 March 2024 11,990 3,356 15,346
At 31 March 2023 3,399 3,101 6,500

C Solutions Limited (Registered number: 04098733)

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

6. FIXED ASSET INVESTMENTS
Investment
in Other
subsidiaries investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,076 181,945 184,021
NET BOOK VALUE
At 31 March 2024 2,076 181,945 184,021
At 31 March 2023 2,076 181,945 184,021

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 838,324 434,036
Amounts owed by group undertakings 541,201 983,483
Other debtors 29,050 25,537
Directors' current accounts 276 -
VAT 3,719 -
Prepayments and accrued income 1,176 216,269
1,413,746 1,659,325

The directors consider the carrying value of trade and other receivables approximate to their fair values.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 366 -
Finance leases (see note 10) 238 743
Trade creditors 352,830 303,102
Amounts owed to group undertakings 577,774 517,221
Corporation tax 18,163 46,430
Social security and other tax 7,242 9,022
VAT - 3,347
Other creditors 1,437,736 1,351,991
Credit card 4,125 2,476
Directors' current accounts - 2,641
Accrued expenses 24,803 45,780
2,423,277 2,282,753

The directors consider the carrying amounts of current liabilities approximate to their fair values.

C Solutions Limited (Registered number: 04098733)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases (see note 10) - 210

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 238 743
Between one and five years - 210
238 953

Non-cancellable operating leases
2024 2023
£    £   
Within one year 30,052 28,680
Between one and five years 10,326 -
40,378 28,680

11. RESERVES
Retained
earnings
£   

At 1 April 2023 932,673
Profit for the year 23,924
Dividends (51,430 )
At 31 March 2024 905,167

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

12. RELATED PARTY DISCLOSURES

At the end of the year £6,741 (2023 - £7,016) due from C Demurrage Limited, whose 50% shares owned by the company and £24,568 (2023 - £24,568) due from C Solutions MAR Germany UG, whose 100% shares owned by the company.
£80 (2023 - £100) payable to C Solutions (Hellas) Ltd, whose 100% shares owned by the company.