REGISTERED NUMBER: 06234605 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Contempo Financial Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Carter

R M P Richards

REGISTERED OFFICE:

31 Oak Lane

Barston

Solihull

West Midlands

B92 OJR

REGISTERED NUMBER:

06234605 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

29,885

39,973

29,885

39,973

CURRENT ASSETS

Debtors

7

61,219

75,162

Cash at bank

1,242

-

62,461

75,162

CREDITORS

Amounts falling due within one year

8

82,071

61,573

NET CURRENT (LIABILITIES)/ASSETS

(19,610

)

13,589

TOTAL ASSETS LESS CURRENT LIABILITIES

10,275

53,562

CREDITORS

Amounts falling due after more than one year

9

(811

)

(41,826

)

PROVISIONS FOR LIABILITIES

(7,425

)

(9,937

)

NET ASSETS

2,039

1,799

CAPITAL AND RESERVES

Called up share capital

12

399

399

Retained earnings

1,640

1,400

SHAREHOLDERS' FUNDS

2,039

1,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 28 November 2025 and were signed on its behalf by:

D R Carter - Director

1.	STATUTORY INFORMATION

Contempo Financial 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company had net current liabilities of £19,610, however the directors believe that the company will be able to meet its liabilities as they fall due and therefore feels it appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover

Revenue 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 a business in 2007, 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

10,000

AMORTISATION

At 1 June 2024

and 31 May 2025

10,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

and 31 May 2025

5,096

84,080

3,062

92,238

DEPRECIATION

At 1 June 2024

4,814

44,668

2,783

52,265

Charge for year

42

9,853

193

10,088

At 31 May 2025

4,856

54,521

2,976

62,353

NET BOOK VALUE

At 31 May 2025

240

29,559

86

29,885

At 31 May 2024

282

39,412

279

39,973

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

84,080

DEPRECIATION

At 1 June 2024

44,668

Charge for year

9,853

At 31 May 2025

54,521

NET BOOK VALUE

At 31 May 2025

29,559

At 31 May 2024

39,412

7.

DEBTORS

31.5.25

31.5.24

£

£

Amounts falling due within one year:

Other debtors

45,771

56,196

Amounts falling due after more than one year:

Other debtors

15,448

18,966

Aggregate amounts

61,219

75,162

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

1,614

5,314

Hire purchase contracts (see note 10)

39,374

11,555

Trade creditors

1,859

430

Tax

38,677

43,967

Social security and other taxes

436

196

Other creditors

111

111

82,071

61,573

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

811

2,452

Hire purchase contracts (see note 10)

-

39,374

811

41,826

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

31.5.25

31.5.24

£

£

Net obligations repayable:

Within one year

39,374

11,555

Between one and five years

-

39,374

39,374

50,929

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Hire purchase contracts

39,374

50,929

Obligations under finance leases and hire purchase contracts are secured by the related lease assets.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

399

Ordinary shares

£1

399

399

13.	CAPITAL COMMITMENTS

31.5.25

31.5.24

£

£

Contracted but not provided for in the

financial statements

-

-

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

D R Carter

Balance outstanding at start of year

28,694

20,931

Amounts advanced

-

7,763

Amounts repaid

(10,612

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,082

28,694

R M P Richards

Balance outstanding at start of year

27,502

23,901

Amounts advanced

187

3,601

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,689

27,502

15.	RELATED PARTY DISCLOSURES

All loans to key management personnel are unsecured and interest free with no specific repayment terms.