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CONSTANT & CO (BEDFORD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024






CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

CONSTANT & CO (BEDFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: T M Hawkes
J Lack-Jones





SECRETARY: T M Hawkes





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate, Kempston
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 07234350 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)

BALANCE SHEET
31ST DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,940 10,964
Investments 6 10,000 10,000
19,940 20,964

CURRENT ASSETS
Debtors 7 384,713 349,216
Cash at bank and in hand 722,569 603,692
1,107,282 952,908
CREDITORS
Amounts falling due within one year 8 480,526 420,736
NET CURRENT ASSETS 626,756 532,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,696

553,136

CREDITORS
Amounts falling due after more than one year 9 - (45,000 )

PROVISIONS FOR LIABILITIES (773 ) (1,029 )
NET ASSETS 645,923 507,107

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 200 200
Capital redemption reserve 800 800
Retained earnings 644,723 505,907
SHAREHOLDERS' FUNDS 645,923 507,107

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

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

CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)

BALANCE SHEET - continued
31ST DECEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th March 2025 and were signed on its behalf by:





T M Hawkes - Director


CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Constant & Co (Bedford) 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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.
Improvements to property - Straight line over 5 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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.


CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)

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

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investments in joint ventures / associates are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 200,000
AMORTISATION
At 1st January 2024
and 31st December 2024 200,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st January 2024 13,611 8,599 27,538 49,748
Additions - 1,294 3,710 5,004
At 31st December 2024 13,611 9,893 31,248 54,752
DEPRECIATION
At 1st January 2024 13,611 7,205 17,968 38,784
Charge for year - 480 5,548 6,028
At 31st December 2024 13,611 7,685 23,516 44,812
NET BOOK VALUE
At 31st December 2024 - 2,208 7,732 9,940
At 31st December 2023 - 1,394 9,570 10,964

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2024
and 31st December 2024 10,000
NET BOOK VALUE
At 31st December 2024 10,000
At 31st December 2023 10,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Constant & Co Investments Limited
Registered office: First floor, Princeton Court, Pilgrim Centre, Bedford MK41 7PZ
Nature of business: Investment company
%
Class of shares: holding
Ordinary 1.00

CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 333,130 318,423
Doubtful debt provision (10,699 ) (8,578 )
Prepayments 62,282 39,371
384,713 349,216

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 45,000 50,000
Trade creditors 73,412 116,212
Corporation tax 100,654 86,426
Social security and other taxes 16,747 14,801
VAT 73,346 33,335
Other Creditors 40,038 32,942
Accrued expenses 131,329 87,020
480,526 420,736

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans - 2-5 years - 45,000

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 71,147 55,019
Between one and five years 67,809 64,918
138,956 119,937

11. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 45,000 95,000

The bank loan facility is secured by a fixed and floating charge dated 5 May 2021 over all property or undertakings of the company.

CONSTANT & CO (BEDFORD) LIMITED (REGISTERED NUMBER: 07234350)

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

12. RELATED PARTY DISCLOSURES

Key Management Personnel

During the financial year ending 31 December 2024, key management and close family of one of the shareholders were paid £106,663 in salaries and pension contributions (2023: £137,612).

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CONSTANT & CO (BEDFORD) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Constant & Co (Bedford) Limited for the year ended 31st December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Constant & Co (Bedford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Constant & Co (Bedford) Limited and state those matters that we have agreed to state to the Board of Directors of Constant & Co (Bedford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Constant & Co (Bedford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Constant & Co (Bedford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Constant & Co (Bedford) Limited. You consider that Constant & Co (Bedford) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Constant & Co (Bedford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


25th March 2025