1 28/02/2023 2023-02-28 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-03-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 8389352 2022-03-01 2023-02-28 8389352 2023-02-28 8389352 2022-02-28 8389352 2021-03-01 2022-02-28 8389352 2022-02-28 8389352 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 8389352 core:OnerousContractsExcludingVacantProperties 2022-03-01 2023-02-28 8389352 bus:Director1 2022-03-01 2023-02-28 8389352 core:FurnitureFittingsToolsEquipment 2022-02-28 8389352 core:FurnitureFittingsToolsEquipment 2023-02-28 8389352 core:WithinOneYear 2023-02-28 8389352 core:WithinOneYear 2022-02-28 8389352 core:ShareCapital 2023-02-28 8389352 core:ShareCapital 2022-02-28 8389352 core:RetainedEarningsAccumulatedLosses 2023-02-28 8389352 core:RetainedEarningsAccumulatedLosses 2022-02-28 8389352 core:FurnitureFittingsToolsEquipment 2022-02-28 8389352 bus:SmallEntities 2022-03-01 2023-02-28 8389352 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 8389352 bus:FullAccounts 2022-03-01 2023-02-28 8389352 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 8389352 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 8389352 core:Buildings 2022-03-01 2023-02-28 8389352 core:Buildings 2022-02-28 8389352 core:Buildings 2023-02-28
Company registration number: 8389352
CM Seven Limited
Unaudited filleted financial statements
28 February 2023
CM Seven Limited
Statement of financial position
28 February 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 6,639 3,146
_______ _______
6,639 3,146
Current assets
Debtors 9,695 3,629
Cash at bank 2,807 32,972
_______ _______
12,502 36,601
Creditors: amounts falling due
within one year ( 18,161) ( 11,570)
_______ _______
Net current (liabilities)/assets ( 5,659) 25,031
_______ _______
Total assets less current liabilities 980 28,177
Provisions for liabilities ( 843) ( 598)
_______ _______
Net assets 137 27,579
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 37 27,479
_______ _______
Shareholders funds 137 27,579
_______ _______
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 October 2023 , and are signed on behalf of the board by:
Mr C S H Mitchell
Director
Company registration number: 8389352
CM Seven Limited
Notes to the financial statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 7 Stamford Street, Newmarket, Suffolk, CB8 8JB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
Property improvements - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Property improvements Total
£ £ £
Cost
At 1 March 2022 10,200 13,701 23,901
Additions 4,481 2,753 7,234
Disposals ( 7,694) ( 13,701) ( 21,395)
_______ _______ _______
At 28 February 2023 6,987 2,753 9,740
_______ _______ _______
Depreciation
At 1 March 2022 7,054 13,701 20,755
Charge for the year 1,480 551 2,031
Disposals ( 5,984) ( 13,701) ( 19,685)
_______ _______ _______
At 28 February 2023 2,550 551 3,101
_______ _______ _______
Carrying amount
At 28 February 2023 4,437 2,202 6,639
_______ _______ _______
At 28 February 2022 3,146 - 3,146
_______ _______ _______