Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-312021-02-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07139471 2021-02-01 2022-01-31 07139471 2020-02-01 2021-01-31 07139471 2022-01-31 07139471 2021-01-31 07139471 c:CompanySecretary1 2021-02-01 2022-01-31 07139471 c:Director1 2021-02-01 2022-01-31 07139471 c:Director2 2021-02-01 2022-01-31 07139471 c:RegisteredOffice 2021-02-01 2022-01-31 07139471 d:PlantMachinery 2021-02-01 2022-01-31 07139471 d:PlantMachinery 2022-01-31 07139471 d:PlantMachinery 2021-01-31 07139471 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 07139471 d:OtherPropertyPlantEquipment 2021-02-01 2022-01-31 07139471 d:OtherPropertyPlantEquipment 2022-01-31 07139471 d:OtherPropertyPlantEquipment 2021-01-31 07139471 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 07139471 d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 07139471 d:CurrentFinancialInstruments 2022-01-31 07139471 d:CurrentFinancialInstruments 2021-01-31 07139471 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07139471 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 07139471 d:ShareCapital 2022-01-31 07139471 d:ShareCapital 2021-01-31 07139471 d:RetainedEarningsAccumulatedLosses 2022-01-31 07139471 d:RetainedEarningsAccumulatedLosses 2021-01-31 07139471 c:FRS102 2021-02-01 2022-01-31 07139471 c:AuditExempt-NoAccountantsReport 2021-02-01 2022-01-31 07139471 c:FullAccounts 2021-02-01 2022-01-31 07139471 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 07139471 d:WithinOneYear 2022-01-31 07139471 d:WithinOneYear 2021-01-31 07139471 d:BetweenOneFiveYears 2022-01-31 07139471 d:BetweenOneFiveYears 2021-01-31 iso4217:GBP xbrli:pure
Company registration number: 07139471







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2022


CM RESEARCH LIMITED






































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CM RESEARCH LIMITED
 


 
COMPANY INFORMATION


Directors
C Michelsen 
G R Michelsen 




Company secretary
C Michelsen



Registered number
07139471



Registered office
74 Church Street

Leatherhead

Surrey

KT22 8ER




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


CM RESEARCH LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 


CM RESEARCH LIMITED
REGISTERED NUMBER:07139471



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,903
10,212

  
14,903
10,212

Current assets
  

Debtors: amounts falling due within one year
 5 
703,418
586,121

Cash at bank and in hand
  
623,672
108,360

  
1,327,090
694,481

Creditors: amounts falling due within one year
 6 
(260,608)
(158,142)

Net current assets
  
 
 
1,066,482
 
 
536,339

Total assets less current liabilities
  
1,081,385
546,551

  

Net assets
  
1,081,385
546,551


Capital and reserves
  

Allotted, called up and fully paid share capital
  
2
2

Profit and loss account
  
1,081,383
546,549

  
1,081,385
546,551


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


G R Michelsen
Director

Date: 12 September 2022

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


CM RESEARCH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1.


General information

CM Research Limited is a private company limited by shares and incorporated in England and Wales. The address
of the trading address and registered office is given in the company information page of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Coronavirus pandemic has created significant uncertainty globally and the company is not immune to this. Whilst the pandemic will have a financial impact on the company, at this stage it is not possible to reliably forecast what this may be. However, the directors have taken all relevant measures to ensure they are able to safeguard cash flow, jobs, customers and supplies to put them in the best possible position to be able to pick up on opportunities as they arise once business starts to return to normal. Along with the vaccine roll out programme and the improving financial landscape, the directors believe these actions should enable them to continue in operational existence. Therefore, it is the directors’ opinion that the going concern basis of preparation continues to be appropriate.

 
2.3

Revenue

Revenue consists of amounts invoiced in respect of market research projects and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Page 2

 


CM RESEARCH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
reducing balance
Leasehold improvements
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2021 - 12).

Page 3

 


CM RESEARCH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

4.


Tangible fixed assets





Computer equipment
Leasehold  improvements
Total

£
£
£



Cost or valuation


At 1 February 2021
15,466
7,400
22,866


Additions
10,961
-
10,961



At 31 January 2022

26,427
7,400
33,827



Depreciation


At 1 February 2021
7,721
4,933
12,654


Charge for the year
4,790
1,480
6,270



At 31 January 2022

12,511
6,413
18,924



Net book value



At 31 January 2022
13,916
987
14,903



At 31 January 2021
7,745
2,467
10,212


5.


Debtors

2022
2021
£
£


Trade debtors
527,454
579,285

Other debtors
122,223
540

Prepayments and accrued income
14,019
6,296

Tax recoverable
39,722
-

703,418
586,121


Page 4

 


CM RESEARCH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
9,007
29,627

Corporation tax
198,365
94,291

Other taxation and social security
28,823
25,114

Other creditors
20,963
6,310

Accruals and deferred income
3,450
2,800

260,608
158,142



7.


Commitments under operating leases

At 31 January 2022 the company had future minimum lease payments under non-cancellable operating leases as follows:

2022
2021
£
£


Not later than 1 year
10,000
15,000

Later than 1 year and not later than 5 years
-
10,000

10,000
25,000


8.


Transactions with the directors

At the year end there was a balance oustanding of £122,223 due from the directors. There were amounts drawn during the year totalling £151,320, interest has been charged at 2% on this loan.

 
Page 5