Annual Accounts

Commercial Services Kent Limited

Financial Statements for the year ended 31 March 2022

Company Registration Number 05858177

Introduction

The directors present their strategic report for the year ended 31 March 2022.

Review of the business

The company provides a range of services including provision of temporary staff, waste management, vehicle leasing and other managed portfolio services.

Results and performance

The results of the company for the year are set out on page 18 and show a profit for the financial year attributable to the shareholder of £1,458,000 (2021: £749,000). The equity attributable to the shareholder totals £4,210,000 (2021: £3,283,000).

The Company performed well during the year. Overall sales were up 19% and profits increased £709,000. The performance was driven by a significant increase in sales, but also through margin gains and continued cost efficiencies. The increase in sales was primarily due to increased demand for recruitment activities and waste services.

Demand for Fleet services fell due to increasing pressures on supply chains, The print services activity was closed during the year and resources diverted to more profitable parts of the business. Overall gross profit margin increased by 1.2% due to the higher levels of recruitment sales. The overall profit margin increased 1.0% boosted by income from interests in joint ventures.

The company continues to focus on growth and cost efficiencies across the business, exiting non-profitable contracts and closely monitoring key performance indicators. A similar performance is expected for the year ended 31 March 2023.

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