REGISTERED NUMBER: 02213087 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

COMBINED BOOK SERVICES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

26,893

30,108

26,893

30,108

CURRENT ASSETS

Stocks

400

400

Debtors: amounts falling due within one year

6

159,900

190,685

Prepayments and accrued income

143,872

139,549

Cash at bank

96,750

118,875

400,922

449,509

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

(324,782

)

(347,904

)

NET CURRENT ASSETS

76,140

101,605

TOTAL ASSETS LESS CURRENT LIABILITIES

103,033

131,713

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(8,050

)

(18,483

)

PROVISIONS FOR LIABILITIES

(6,023

)

(6,674

)

NET ASSETS

88,960

106,556

CAPITAL AND RESERVES

Called up share capital

100,100

100,100

Retained earnings

(11,140

)

6,456

88,960

106,556

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 December 2025 and were signed on its behalf by:

K P Neale - Director

A F Smith - Director

1.	STATUTORY INFORMATION

Combined Book Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02213087

Registered office:

Unit D

Paddock Wood Distribution Centre

Paddock Wood

Tonbridge

Kent

TN12 6UU

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

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.

Income 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 each of the company's activities.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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.

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 23 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

113,294

130,817

41,803

285,914

Additions

-

652

2,025

2,677

At 31 March 2025

113,294

131,469

43,828

288,591

DEPRECIATION

At 1 April 2024

109,854

105,563

40,389

255,806

Charge for year

860

3,886

1,146

5,892

At 31 March 2025

110,714

109,449

41,535

261,698

NET BOOK VALUE

At 31 March 2025

2,580

22,020

2,293

26,893

At 31 March 2024

3,440

25,254

1,414

30,108

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

128,065

158,850

Other debtors

31,835

31,835

159,900

190,685

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,846

10,468

Trade creditors

115,313

136,105

Taxation and social security

32,070

50,519

Other creditors

166,553

150,812

324,782

347,904

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

8,050

18,483

9.	LEASING AGREEMENTS

The total amount of financial commitments not included in the balance sheet is £963,097 (2024: £1,123,155).

10.	SECURED DEBTS

A mortgage debenture charge was created on 20 August 1993 over all of the company's assets in favour of NatWest Bank PLC.

A mortgage debenture charge was created on 22 October 1998 over all of the company's assets in favour of NatWest Bank PLC.

A rent deposit deed charge was created on 4 June 2009 over the company's property in favour of Tiger No.2 General Partner Limited and Precis (1672) Limited.

A rent deposit deed charge was created on 25 February 2011 over the company's property in favour of Tiger No.2 General Partner Limited and Precis (1672) Limited.