REGISTERED NUMBER: 03231298 (England and Wales)

CONTRACT SERVICES (WOLVERHAMPTON &

WREKIN) LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Edwards

Mrs C S Edwards

M D M Doolin

Mrs C Dennis

SECRETARY:

Mrs C S Edwards

REGISTERED OFFICE:

T/A Prime Facility Services

Unit B3

Halesfield 11

Telford

Shropshire

TF7 4PH

REGISTERED NUMBER:

03231298 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

4

34,065

47,865

Tangible assets

5

252,321

258,299

286,386

306,164

CURRENT ASSETS

Debtors

6

1,310,267

1,193,070

Cash at bank

209,582

127,743

1,519,849

1,320,813

CREDITORS

Amounts falling due within one year

7

1,038,106

844,879

NET CURRENT ASSETS

481,743

475,934

TOTAL ASSETS LESS CURRENT LIABILITIES

768,129

782,098

CREDITORS

Amounts falling due after more than one year

8

(24,317

)

(36,675

)

PROVISIONS FOR LIABILITIES

(56,199

)

(48,814

)

NET ASSETS

687,613

696,609

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

687,513

696,509

SHAREHOLDERS' FUNDS

687,613

696,609

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

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

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 17 September 2025 and were signed on its behalf by:

D J Edwards - Director

1.	STATUTORY INFORMATION

Contract Services (Wolverhampton & Wrekin) 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of business in 2018 and 2022, 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 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

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 401 (2023 - 382 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

500,858

AMORTISATION

At 1 January 2024

452,993

Charge for year

13,800

At 31 December 2024

466,793

NET BOOK VALUE

At 31 December 2024

34,065

At 31 December 2023

47,865

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

141,238

164,066

17,609

Additions

2,975

29,136

-

At 31 December 2024

144,213

193,202

17,609

DEPRECIATION

At 1 January 2024

113,002

93,218

15,688

Charge for year

4,821

13,842

357

At 31 December 2024

117,823

107,060

16,045

NET BOOK VALUE

At 31 December 2024

26,390

86,142

1,564

At 31 December 2023

28,236

70,848

1,921

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

245,115

78,123

646,151

Additions

-

5,698

37,809

At 31 December 2024

245,115

83,821

683,960

DEPRECIATION

At 1 January 2024

116,114

49,830

387,852

Charge for year

19,350

5,417

43,787

At 31 December 2024

135,464

55,247

431,639

NET BOOK VALUE

At 31 December 2024

109,651

28,574

252,321

At 31 December 2023

129,001

28,293

258,299

The net book value of tangible fixed assets includes £ 46,229 (2023 - £ 78,102 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

696,792

585,555

Amounts owed group undertaking

557,188

538,196

Prepayments and accrued income

56,287

69,319

1,310,267

1,193,070

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

12,358

18,509

Trade creditors

129,519

132,047

Social security and other taxes

477,196

381,544

Other creditors

404,313

307,408

Accruals and deferred income

14,720

5,371

1,038,106

844,879

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

24,317

36,675

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

36,675

55,184

The invoice discounting liability is secured on the company's trade debtors. The hire purchase liability is secured on the asset to which the borrowing relates.

10.	OTHER FINANCIAL COMMITMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £127,722.