Registration number: 09419255

Contingent Services UK Limited

(Registration number: 09419255)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,501	3,178
Current assets
Debtors	5	35,268	39,779
Cash at bank and in hand		2,001	5,918
		37,269	45,697
Creditors: Amounts falling due within one year	6	(120,995)	(105,396)
Net current liabilities		(83,726)	(59,699)
Total assets less current liabilities		(81,225)	(56,521)
Creditors: Amounts falling due after more than one year	6	(3,250)	(6,250)
Net liabilities		(84,475)	(62,771)
Capital and reserves
Called up share capital		10	10
Retained earnings		(84,485)	(62,781)
Shareholders' deficit		(84,475)	(62,771)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 November 2025
 

S J Harrison
Director

Contingent Services UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office Suite 1
No 2 Oakhill Court Telford Way
Waterwells Business Park
Gloucester
Gloucestershire
GL2 2GA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's current forecasts and projections, together with the facilities available to the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20 - 30% reducing balance
Buildings	25% straight line

Contingent Services UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Contingent Services UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost
At 1 March 2024	19,887	13,176	33,063
At 28 February 2025	19,887	13,176	33,063
Depreciation
At 1 March 2024	19,887	9,998	29,885
Charge for the year	-	677	677
At 28 February 2025	19,887	10,675	30,562
Carrying amount
At 28 February 2025	-	2,501	2,501
At 29 February 2024	-	3,178	3,178

5

Debtors

	2025 £	2024 £
Receivables from related parties	-	3,719
Prepayments	404	1,196
Other debtors	34,864	34,864
	35,268	39,779

Contingent Services UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Creditors

	Note	2025  £	2024  £
Due within one year
Loans and borrowings	7	3,000	3,000
Trade creditors		840	27,227
Amounts due to related parties	8	19,688	-
Social security and other taxes		91,042	70,255
Other creditors		2,875	1,564
Accrued expenses		3,350	3,150
Corporation tax liability		200	200
		120,995	105,396
Due after one year
Loans and borrowings	7	3,250	6,250

7

Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,000	3,000

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,250	6,250