| CBS Global Solution UK Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company is subject to the small companies regime and is a parent company, therfore is not obliged to prepare group accounts in addition to its individual accounts under Section 398 Companies Act 2006. |
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Turnover |
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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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Computers |
3 years straight line |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Lee Baker FCA |
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Firm: |
Wenn Townsend |
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Date of audit report: |
26 December 2025 |
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| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
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Average number of persons employed by the company |
5 |
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8 |
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| 4 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
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Cost |
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At 1 January 2024 |
1,900 |
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At 31 December 2024 |
1,900 |
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Depreciation |
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At 1 January 2024 |
1,360 |
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Charge for the year |
500 |
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At 31 December 2024 |
1,860 |
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Net book value |
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At 31 December 2024 |
40 |
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At 31 December 2023 |
540 |
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| 5 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
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Cost |
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At 1 January 2024 |
5 |
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At 31 December 2024 |
5 |
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| 6 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
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Trade debtors |
193,148 |
|
358,032 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
18,000 |
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Other debtors |
8,838 |
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104,554 |
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201,986 |
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480,586 |
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| 7 |
Subsidiaries |
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Details of the company's subsidiaries at 31 December 2024 are as follows: |
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Name of undertaking |
Country of register |
% and class of shares held |
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CBS South Africa (pty) Limited |
South Africa |
100% Ordinary shares |
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The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows: |
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Name of undertaking |
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Capital and |
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Profit/(Loss) |
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Reserves |
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£ |
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£ |
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CBS South Africa (pty) Limited |
75,746 |
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6,114 |
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The accounting period for the subsidiary runs to the year ended 28 February 2025. |
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| 8 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
| £ |
£ |
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Trade creditors |
65,916 |
|
226,830 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
40,005 |
|
80,005 |
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Taxation and social security costs |
36,092 |
|
12,451 |
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Other creditors |
25,251 |
|
67,746 |
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167,264 |
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387,032 |
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Amounts owed to group undertakings are unsecured and repayable on demand and therefore not subject to interest. |
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| 9 |
Parent company |
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Since 29th March 2024, the company is controlled by CBS Global Services Co., Limited, a company incorporated in Hong Kong, by virtue of its 100% shareholding. The ultimate controlling party is director Mr You Danlei, owning 100% shareholding. |
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| 10 |
Other information |
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CBS Global Solution UK Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Sandford Gate |
|
East Point Business Park |
|
Oxford |
|
OX4 6LB |