Connecting to LinkedIn...

Blank

The Corporate Services Group Limited Results

The Corporate Services Group Limited Results

The Corporate Services Group Limited ("CSG") today announces its financial statements for the year ended 31 December 2009.

The financial statements presented in this announcement have been prepared in accordance with UK Generally Accepted Accounting Practice. These financial statements relate to CSG only and are not, and should not be read as being, representative of the financial statements of CSG's parent, Impellam Group plc ("Impellam") for the period ending 31 December 2009, the preliminary results for which were released on 22 February 2010.
About The Corporate Services Group Limited

CSG is a subsidiary of Impellam, a human capital resource solutions group whose shares are admitted to trading on the AIM market of the London Stock Exchange plc. Impellam was formed in May 2008 when Carlisle Group Limited ("Carlisle") merged with The Corporate Services Group plc ("CSG plc"). Upon completion of the merger CSG plc became a subsidiary of Impellam and subsequently re-registered as a private company
The Corporate Services Group Limited
Profit and Loss Account for the Year Ended 31 December 2009

Note

2009
000

2008
000

Turnover

-

-

Administrative expenses
including exceptional items of 4,462,000 (2008: 1,764,000)

(7,937)

9,941

Operating (loss)/profit:

Excluding exceptional items

(3,475)

11,705

Exceptional costs

3

(4,462)

(1,764)

Operating (loss)/profit

2

(7,937)

9,941

Interest receivable

5

1,839

3,270

Interest payable and similar charges

6

(2,717)

(2,523)

(Loss)/profit on ordinary activities before taxation

(8,815)

10,688

Tax on (loss)/profit on ordinary activities

7

(706)

2,718

(Loss)/profit for the financial year

16

(9,521)

13,406

Turnover and operating (loss)/profit derive wholly from continuing operations.

The company has no recognised gains or losses for the year other than the results above.
There is no difference between the results reported above and their historical cost equivalents.
The Corporate Services Group Limited

Balance Sheet at 31 December 2009

2009

2008

Note

000

000

000

000

Fixed assets

Investments

8

73,834

73,834

Current assets

Debtors

9

64,210

53,638

Cash at bank and in hand

128

4,198

64,338

57,836

Creditors: Amounts falling due within one year

10

(55,777)

(38,722)

Net current assets

8,561

19,114

Total assets less current liabilities

82,395

92,948

Creditors: Amounts falling due after more than one year

11

(18,823)

(19,855)

Net assets

63,572

73,093

Capital and reserves

Called up share capital

15

10,772

10,772

Share premium reserve

16

-

280,816

Other reserves

16

46,613

46,613

Profit and loss reserve

16

6,187

(265,108)

Shareholders' funds

17

63,572

73,093

The financial statements were approved by the Board of Directors on 20 April 2010 and were signed on its behalf by:

A Burchall
Director

Tags:

Articles similar to

Articles similar to