Commercial Services Kent Limited
Financial Statements for the year ended 31 March 2020
Company Registration Number 05858177
The directors present their strategic report for the year ended 31 March 2020.
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 11, of the full report, and show a profit for the financial year attributable to the shareholder of £839,000 (2019: £794,000).
The equity attributable to the shareholder totals £2,534,000 (2019: £1,695,000).
The performance of the company during the year reflects increased sales in waste management and vehicle leasing and a solid performance from managed portfolio services, offset by an anticipated reduction in the provision of temporary staff with gross profit remaining largely static due to product mix.
Trade levels continue to be satisfactory in the current climate and the improved profit reflects efficiencies and cost control as well as the growth in sales.
A similar performance is expected for the year ended 31 March 2021.