Year Ended
Registration number:
Cornish Labour Services Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Statement of Income and Retained Earnings |
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Balance Sheet |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Cornish Labour Services Limited
Company Information
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Directors |
Mr T G P Simmons Mr D J Simmons |
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Company secretary |
Mrs S C Simmons |
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Registered office |
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Auditors |
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Cornish Labour Services Limited
Strategic Report for the Year Ended 28 February 2026
The directors present their strategic report for the year ended 28 February 2026.
Principal activity
The principal activity of the company is the supply of labour.
Fair review of the business
The company has seen a reduction in its business with turnover decreasing 0.3% on the prior year.
Cost of sales decreased in the year by a moderately greater percentage meaning gross profit margin increasing to 9.3% (2025: 8.5%).
There has also been a reduction in administrative costs and as a result there was an increase in the operating profit achieved.
Overall the accounts shows an increased operating profit of £138,912 (2025: £70,070) .
We look to closely manage all costs and the company continues to invest in its own internal training to ensure the highest standards are maintained.
Principal risks and uncertainties
The Board believes that it is dealing positively with the principal risks and uncertainties of the business as outlined below.
The key business risks and uncertainties to the company relate to the performance of the agricultural industry and crops, the UK economy, and the availability of workers.
Approved and authorised by the
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Cornish Labour Services Limited
Directors' Report for the Year Ended 28 February 2026
The directors present their report and the financial statements for the year ended 28 February 2026.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The company’s principal financial instruments comprise of retained reserves, bank balances, trade debtors and trade creditors and loan notes from former shareholders, with the main purpose of these instruments being to raise funds to finance the company’s on-going operations.
At 28 February 2026 the company had no bank borrowing in place.
Price risk, credit risk, liquidity risk and cash flow risk
Due to the nature of the financial instruments used by the company there is minimal exposure to price risk.
The company manages its cash requirements to maximise interest income and minimise interest expenses, whilst ensuring that the company has access to sufficient liquid resources to meet the day-to-day operating needs of the business. The company maintains strong relationships with its key customers.
Employment of disabled persons
The company gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a disabled person. Where existing employees become disabled, it is the company’s policy wherever practicable to provide continuing employment on normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.
Employee involvement
The company has monthly employee forums where employees from all areas of the business can speak to their representatives who can raise questions within the forum. This allows employees to discuss any important workplace matters with senior managers.
The company also operates a zero-tolerance approach to modern slavery and human trafficking. The company is committed to acting ethically and with integrity in all of our business relations. We work closely with our business partners, suppliers and supply chains to ensure there is no place for modern slavery and human trafficking.
Cornish Labour Services Limited
Directors' Report for the Year Ended 28 February 2026
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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......................................... |
Cornish Labour Services Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Cornish Labour Services Limited
Independent Auditor's Report to the Members of Cornish Labour Services Limited
Opinion
We have audited the financial statements of Cornish Labour Services Limited (the 'company') for the year ended 28 February 2026, which comprise the Statement of Income and Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 28 February 2026 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Cornish Labour Services Limited
Independent Auditor's Report to the Members of Cornish Labour Services Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Cornish Labour Services Limited
Independent Auditor's Report to the Members of Cornish Labour Services Limited
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the company and management.
We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company at the planning stage of the audit. Firstly, the company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related company legislation) and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or the loss of the company's licence to operate. In making this assessment we determined that the most significant elements of legislation include health and safety legislation, general data protection regulations, and employment laws and regulations.
Based on this understanding, we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following:
• Enquiries of management regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements. As part of these enquiries, we also discussed with management whether there have been any known instances, allegations, or suspicions of fraud, of which there were none.
• Considering the filings made at Companies House, and any omission thereon of which there were none identified.
• Reviewing the most recent SMETA audit inspection results, and where there had been recommendations made or non-conformance issues noted ensuring these were followed up appropriately and dealt with on a timely basis.
• Discussing with management compliance with health and safety legislation and, where any incidents had occurred during the year, establishing how they were dealt with and recorded, and identifying what actions were taken to prevent similar incidents recurring in future.
• Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale for significant transactions outside the normal course of business, of which there were none.
• Reviewed estimates and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making the estimates.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements. This risk increases the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Cornish Labour Services Limited
Independent Auditor's Report to the Members of Cornish Labour Services Limited
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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Lowin House
Tregolls Road
Cornwall
TR1 2NA
Cornish Labour Services Limited
Statement of Income and Retained Earnings
Year Ended 28 February 2026
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Note |
2026 |
2025 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
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|
|
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Interest payable and similar charges |
( |
( |
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Profit before tax |
|
|
|
|
Taxation |
( |
|
|
|
Profit for the financial year |
|
|
|
|
Retained earnings brought forward |
1,250,222 |
1,196,274 |
|
|
Dividends paid |
( |
( |
|
|
Retained earnings carried forward |
1,253,366 |
1,250,222 |
Cornish Labour Services Limited
Balance Sheet
28 February 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved and authorised by the
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Company Registration Number: 09435294
Cornish Labour Services Limited
Statement of Cash Flows
Year Ended 28 February 2026
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Note |
2026 |
2025 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
|
|
|
|
(Profit)/loss on disposal of tangible assets |
( |
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Finance costs |
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|
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Income tax expense |
|
( |
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|
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||
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Working capital adjustments |
|||
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(Increase)/decrease in trade debtors |
( |
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|
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Increase/(decrease) in trade creditors |
|
( |
|
|
Cash generated from operations |
|
|
|
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
|
|
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Cash flows from investing activities |
|||
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
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Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
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Repayment of other borrowing |
- |
( |
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Payments to finance lease creditors |
( |
( |
|
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Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
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Net increase/(decrease) in cash and cash equivalents |
|
( |
|
|
Cash and cash equivalents at 1 March |
( |
|
|
|
Cash and cash equivalents at 28 February |
(104,763) |
(129,499) |
|
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
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 value added tax.
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.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
Tangible assets
Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
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Land and buildings |
Over the term of the lease |
|
Caravans |
35% reducing balance & 20% straight line |
|
Motor vehicles |
25% reducing balance |
|
Furniture, fittings and equipment |
25% reducing balance |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
Changes in FRS 102 in future periods
The Financial Reporting Council has published changes to FRS 102 which will take effect in next year's financial statements. The main rule changes are to revenue and leases.
There is no requirement to restate figures from previous years, so we do not expect and changes to the figures we report here for the year to 28 February 2026 or any earlier periods.
The main impact on figures for the year to February 2027 is that our operating leases will be brought onto the balance sheet - increasing both Tangible Fixed Assets and Lease Liabilities from 1 March 2026 onwards. Payments on these leases after 1 March 2026 will be classified as depreciation or interest payable.
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
2026 |
2025 |
|
|
Rendering of services |
|
|
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Other revenue |
|
|
|
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|
The analysis of the company's Turnover for the year by market is as follows:
|
2026 |
2025 |
|
|
UK |
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2026 |
2025 |
|
|
Depreciation expense |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
(Profit)/loss on disposal of property, plant and equipment |
( |
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2026 |
2025 |
|
|
Wages and salaries |
|
|
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Social security costs |
|
|
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Pension costs, defined contribution scheme |
|
|
|
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|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2026 |
2025 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2026 |
2025 |
|
|
Remuneration |
|
|
|
Auditor's remuneration |
|
2026 |
2025 |
|
|
Audit of the financial statements |
|
|
|
Interest payable and similar expenses |
|
2026 |
2025 |
|
|
Interest expense on other finance liabilities |
|
|
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2026 |
2025 |
|
|
Current taxation |
||
|
UK corporation tax |
- |
|
|
UK corporation tax adjustment to prior periods |
( |
- |
|
(24,214) |
27,818 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense/(receipt) in the income statement |
|
( |
The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2025 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2026 |
2025 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Effect of tax losses |
|
- |
|
Decrease in UK and foreign current tax from unrecognised temporary difference from a prior period |
( |
- |
|
Deferred tax credit from unrecognised temporary difference from a prior period |
- |
( |
|
Total tax charge/(credit) |
|
( |
Deferred tax
Deferred tax assets and liabilities
|
2026 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
- |
|
|
2025 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
Other short term timing differences |
|
- |
|
|
|
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Plant and machinery |
Total |
|
|
Cost or valuation |
|||||
|
At 1 March 2025 |
|
|
|
|
|
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Additions |
- |
- |
|
|
|
|
Disposals |
- |
- |
( |
- |
( |
|
At 28 February 2026 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 March 2025 |
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
Eliminated on disposal |
- |
- |
( |
- |
( |
|
At 28 February 2026 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 28 February 2026 |
- |
|
|
|
|
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At 28 February 2025 |
- |
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|
|
All assets of the company have been pledged as security for the Natwest bank overdraft facility. This is limited to £1,200,000 (2025 - £1,200,000).
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2026 |
2025 |
|
|
Motor Vehicles |
- |
16,424 |
|
Plant and machinery |
- |
57,497 |
|
- |
73,921 |
Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of short leasehold land and buildings.
|
Debtors |
|
Note |
2026 |
2025 |
|
|
Trade debtors |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Income tax asset |
|
- |
|
|
|
|
|
Cash and cash equivalents |
|
2026 |
2025 |
|
|
Cash on hand |
|
|
|
Bank overdrafts |
( |
( |
|
Cash and cash equivalents in statement of cash flows |
(104,763) |
(129,499) |
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
|
Creditors |
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other creditors |
|
|
|
|
Accruals |
|
|
|
|
Corporation tax |
- |
27,818 |
|
|
|
|
|
Loans and borrowings |
|
2026 |
2025 |
|
|
Current loans and borrowings |
||
|
Bank overdrafts |
|
|
|
Finance lease liabilities |
- |
|
|
|
|
|
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2026 |
2025 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 March 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 28 February 2026 |
|
|
|
|
||
|
Share capital |
Allotted, called up and fully paid shares
|
2026 |
2025 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
10 |
|
10 |
|
Dividends |
|
2026 |
2025 |
|||
|
£ |
£ |
|||
|
Interim dividend of £ |
93,750 |
30,000 |
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
|
Related party transactions |
Summary of transactions with other related parties
No guarantees, collateral or other securities have been given over outstanding balances between related parties.
Income and receivables from related parties
|
2026 |
Other related parties |
|
Rendering of services |
|
|
Amounts receivable from related party |
|
|
|
|
|
2025 |
Other related parties |
|
Rendering of services |
|
|
Amounts receivable from related party |
|
|
|
|
Expenditure with and payables to related parties
|
2026 |
Other related parties |
|
Receipt of services |
|
|
Leases |
|
|
|
|
|
|
|
|
2025 |
Other related parties |
|
Receipt of services |
|
|
Leases |
|
|
|
|
|
|
|
Cornish Labour Services Limited
Notes to the Financial Statements
Year Ended 28 February 2026
Loans to related parties
|
2026 |
Other related parties |
Total |
|
Advanced |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||