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Registered number: 06579309
Consort Services Ltd
Financial Statements
For The Year Ended 31 March 2025
Oakensen (Bristol) Limited
Chartered Accountants
Westbury Court Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06579309
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 301,029 257,734
Investment Properties 5 325,000 325,000
626,029 582,734
CURRENT ASSETS
Debtors 6 632,479 421,130
Cash at bank and in hand 344,349 435,655
976,828 856,785
Creditors: Amounts Falling Due Within One Year 7 (694,111 ) (650,949 )
NET CURRENT ASSETS (LIABILITIES) 282,717 205,836
TOTAL ASSETS LESS CURRENT LIABILITIES 908,746 788,570
Creditors: Amounts Falling Due After More Than One Year 8 (41,206 ) (8,611 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (107,428 ) (72,365 )
NET ASSETS 760,112 707,594
CAPITAL AND RESERVES
Called up share capital 10 104 104
Fair value reserve 90,676 90,676
Profit and Loss Account 669,332 616,814
SHAREHOLDERS' FUNDS 760,112 707,594
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P Crew
Director
25 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Consort Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06579309 . The registered office is Unit 3, 6 - 10 Cater Road, Bishopsworth, Bristol, BS13 7TW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 years straight line
Plant & Machinery 5 years straight line
Motor Vehicles 5 years straight line
Fixtures & Fittings 7 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2024: 44)
49 44
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 28,800 - 689,961 12,299 731,060
Additions - 19,750 120,889 1,071 141,710
Disposals - - (8,000 ) - (8,000 )
As at 31 March 2025 28,800 19,750 802,850 13,370 864,770
Depreciation
As at 1 April 2024 8,640 - 453,376 11,310 473,326
Provided during the period 2,880 3,950 91,246 339 98,415
Disposals - - (8,000 ) - (8,000 )
As at 31 March 2025 11,520 3,950 536,622 11,649 563,741
...CONTINUED
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Net Book Value
As at 31 March 2025 17,280 15,800 266,228 1,721 301,029
As at 1 April 2024 20,160 - 236,585 989 257,734
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 325,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 614,105 384,339
Prepayments and accrued income 18,374 31,294
Other debtors - 5,497
632,479 421,130
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 22,767 29,327
Trade creditors 487,187 459,857
Other taxes and social security 173,080 148,720
Other creditors 7,577 9,745
Accruals and deferred income 3,500 3,300
694,111 650,949
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 41,206 8,611
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,767 29,327
Later than one year and not later than five years 41,206 8,611
63,973 37,938
63,973 37,938
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 104 104
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