Company registration number 03730849 (England and Wales)
COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
226,915
245,506
Current assets
Stocks
404,703
628,658
Debtors
4
934,390
874,264
Cash at bank and in hand
663,743
689,289
2,002,836
2,192,211
Creditors: amounts falling due within one year
5
(883,930)
(888,525)
Net current assets
1,118,906
1,303,686
Total assets less current liabilities
1,345,821
1,549,192
Creditors: amounts falling due after more than one year
6
(71,236)
(89,236)
Provisions for liabilities
(53,000)
(57,000)
Net assets
1,221,585
1,402,956
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
1,211,585
1,392,956
Total equity
1,221,585
1,402,956
COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 December 2025 and are signed on its behalf by:
Mr G R Werrell
Director
Company registration number 03730849 (England and Wales)
COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Component Solutions For Industry Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12/14 Brunel Way, Thetford, Norfolk, England, IP24 1HP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue is recognised to be the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 3 years and 6 years straight line
- 20% and 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are valued using an average cost model, after making allowance for obsolete and slow moving items.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Equity instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and other finance.

COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee 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.

1.10
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
1.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

1.12

Creditors

Short term creditors are measured at transaction price.

Other financial liabilities are measured initially and subsequently at transaction price as any adjustment to the amortised cost basis would not be material.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
35
35
COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
80,216
1,491,881
1,572,097
Additions
-
0
40,795
40,795
Disposals
-
0
(6,010)
(6,010)
At 31 March 2025
80,216
1,526,666
1,606,882
Depreciation and impairment
At 1 April 2024
80,216
1,246,375
1,326,591
Depreciation charged in the year
-
0
59,288
59,288
Eliminated in respect of disposals
-
0
(5,912)
(5,912)
At 31 March 2025
80,216
1,299,751
1,379,967
Carrying amount
At 31 March 2025
-
0
226,915
226,915
At 31 March 2024
-
0
245,506
245,506
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
825,190
747,537
Corporation tax recoverable
51,642
-
0
Amounts owed by group undertakings
4,875
3,600
Other debtors
52,683
123,127
934,390
874,264
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
449,929
320,250
Corporation tax
-
0
51,642
Other taxation and social security
81,893
62,519
Other creditors
352,108
454,114
883,930
888,525
COMPONENT SOLUTIONS FOR INDUSTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
71,236
89,236
7
Secured debts

A debenture dated 16 August 1999 is held over all assets of the company by Barclays Bank plc.

A charge dated 5 July 2018 is also held over all assets of the company by Barclays Security Trustee Limited.

8
Other financial commitments

At the balance sheet date the company had the following financial commitments in relation to non cancellable lease agreements for rental of company premises £86,667 and plant lease rentals £18,937.

9
Parent company

The company's parent is Component Solutions Holdings Limited, a company registered in England and Wales, whose registered office is 12/14 Brunel Way, Thetford, IP24 1HP.

10
Ultimate controlling party

The ultimate controlling party by virtue of their shareholding in the parent company is G R Werrell.

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