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REGISTERED NUMBER: 07854670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CITY GROUP MANAGED SERVICES LTD

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CITY GROUP MANAGED SERVICES LTD

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTOR: A Cole





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
London
W1B 3HH





REGISTERED NUMBER: 07854670 (England and Wales)

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

BALANCE SHEET
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,471 121,985

CURRENT ASSETS
Stocks 76,000 76,000
Debtors 5 695,108 582,404
Cash at bank and in hand 71,767 240,648
842,875 899,052
CREDITORS
Amounts falling due within one year 6 522,980 595,743
NET CURRENT ASSETS 319,895 303,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,366

425,294

CREDITORS
Amounts falling due after more than one
year

7

(276,113

)

(154,720

)

PROVISIONS FOR LIABILITIES (40,569 ) (30,496 )
NET ASSETS 212,684 240,078

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 598 598
Retained earnings 211,984 239,378
212,684 240,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

BALANCE SHEET - continued
30 November 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 27 August 2025 and were signed by:





A Cole - Director


CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

City Group Managed Services 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 107 (2023 - 126 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 20,000 37,402 12,705
Additions - 13,850 -
Disposals - - -
At 30 November 2024 20,000 51,252 12,705
DEPRECIATION
At 1 December 2023 - 20,128 10,244
Charge for year 2,000 7,061 615
Eliminated on disposal - - -
At 30 November 2024 2,000 27,189 10,859
NET BOOK VALUE
At 30 November 2024 18,000 24,063 1,846
At 30 November 2023 20,000 17,274 2,461

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 127,047 19,447 216,601
Additions 132,245 520 146,615
Disposals (23,435 ) - (23,435 )
At 30 November 2024 235,857 19,967 339,781
DEPRECIATION
At 1 December 2023 52,273 11,971 94,616
Charge for year 26,421 3,444 39,541
Eliminated on disposal (3,847 ) - (3,847 )
At 30 November 2024 74,847 15,415 130,310
NET BOOK VALUE
At 30 November 2024 161,010 4,552 209,471
At 30 November 2023 74,774 7,476 121,985

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 - 29,750 29,750
Additions 9,000 71,250 80,250
Transfer to ownership - (10,800 ) (10,800 )
At 30 November 2024 9,000 90,200 99,200
DEPRECIATION
At 1 December 2023 - 12,618 12,618
Charge for year 675 3,553 4,228
Transfer to ownership - (7,881 ) (7,881 )
At 30 November 2024 675 8,290 8,965
NET BOOK VALUE
At 30 November 2024 8,325 81,910 90,235
At 30 November 2023 - 17,132 17,132

CITY GROUP MANAGED SERVICES LTD (REGISTERED NUMBER: 07854670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 347,471 320,060
Amounts owed by group undertakings 14,783 12,783
Other debtors 332,854 249,561
695,108 582,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 11,286 4,461
Trade creditors 228,499 273,291
Taxation and social security 138,991 166,854
Other creditors 104,204 111,137
522,980 595,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 100,000 140,000
Hire purchase contracts 74,932 13,305
Other creditors 101,181 1,415
276,113 154,720

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
A Cole
Balance outstanding at start of year - 11,365
Amounts repaid - (11,365 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CITY GROUP MANAGED SERVICES LTD


The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 City Group Managed Services Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet 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 director of City Group Managed Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of City Group Managed Services Ltd and state those matters that we have agreed to state to the director of City Group Managed Services Ltd 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 City Group Managed Services Ltd and its director for our work or for this report.

It is your duty to ensure that City Group Managed Services Ltd 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 City Group Managed Services Ltd. You consider that City Group Managed Services Ltd 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 City Group Managed Services Ltd. 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.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB


27 August 2025