Registered number
07608186
C S Couriers Limited
Unaudited Filleted Accounts
30 April 2024
C S Couriers Limited
Registered number: 07608186
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 363,123 509,268
Current assets
Debtors 4 261,891 206,676
Investments held as current assets 5 314,500 314,500
Cash at bank and in hand 188,229 276,137
764,620 797,313
Creditors: amounts falling due within one year 6 (270,213) (272,836)
Net current assets 494,407 524,477
Total assets less current liabilities 857,530 1,033,745
Creditors: amounts falling due after more than one year 7 (8,028) (25,028)
Net assets 849,502 1,008,717
Capital and reserves
Called up share capital 1 1
Profit and loss account 849,501 1,008,716
Shareholder's funds 849,502 1,008,717
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Y Sela
Director
Approved by the board on 26 April 2025
C S Couriers Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% written down value
Fixtures, fittings, tools and equipment 25% written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 12,132 1,049,598 1,061,730
Disposals - (60,770) (60,770)
At 30 April 2024 12,132 988,828 1,000,960
Depreciation
At 1 May 2023 8,511 543,951 552,462
Charge for the year 906 120,136 121,042
On disposals - (35,667) (35,667)
At 30 April 2024 9,417 628,420 637,837
Net book value
At 30 April 2024 2,715 360,408 363,123
At 30 April 2023 3,621 505,647 509,268
4 Debtors 2024 2023
£ £
Trade debtors 124,707 193,548
Related party balances 615 -
Other debtors 136,569 13,128
261,891 206,676
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 314,500 314,500
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,889 18,889
Obligations under finance lease and hire purchase contracts - 23,709
Trade creditors 11,050 26,891
Related party balances - 7,646
Taxation and social security costs 209,590 179,411
Other creditors 30,684 16,290
270,213 272,836
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,028 25,028
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Y Sela
Loans to directors 9,548 123,441 - 132,989
9,548 123,441 - 132,989
9 Related party transactions
During the year loans amounting to £123,426 were made available to mr Y Sela, director of the company. Interest of £2,660 has been accrued on the year end balance.
10 Other information
C S Couriers Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Harland Way
Tunbridge Wells
Kent
TN4 0TQ
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