01 April 2022 31 March 2023 No principle activity is included 04128650 2022-04-01 04128650 2023-03-31 04128650 2022-04-01 2023-03-31 04128650 2022-03-31 04128650 2021-04-01 2022-03-31 04128650 uk-core:WithinOneYear 2023-03-31 04128650 uk-core:WithinOneYear 2022-03-31 04128650 uk-core:AfterOneYear 2023-03-31 04128650 uk-core:AfterOneYear 2022-03-31 04128650 uk-core:ShareCapital 2023-03-31 04128650 uk-core:ShareCapital 2022-03-31 04128650 uk-core:OtherReservesSubtotal 2023-03-31 04128650 uk-core:OtherReservesSubtotal 2022-03-31 04128650 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04128650 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 04128650 uk-bus:Director1 2022-04-01 2023-03-31 04128650 uk-bus:RegisteredOffice 2022-04-01 2023-03-31 04128650 uk-curr:PoundSterling 2022-04-01 2023-03-31 04128650 uk-core:Vehicles 2022-04-01 2023-03-31 04128650 uk-core:FurnitureFittings 2022-04-01 2023-03-31 04128650 uk-core:OfficeEquipment 2022-04-01 2023-03-31 04128650 uk-core:MotorCars 2022-04-01 2023-03-31 04128650 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2022-03-31 04128650 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2022-03-31 04128650 uk-core:VehiclesPlantMachinery 2022-03-31 04128650 uk-core:FurnitureFittingsToolsEquipment 2022-03-31 04128650 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04128650 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2022-04-01 2023-03-31 04128650 uk-core:VehiclesPlantMachinery 2022-04-01 2023-03-31 04128650 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04128650 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-03-31 04128650 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2023-03-31 04128650 uk-core:VehiclesPlantMachinery 2023-03-31 04128650 uk-core:FurnitureFittingsToolsEquipment 2023-03-31 04128650 uk-core:BetweenOneTwoYears 2023-03-31 04128650 uk-core:BetweenOneTwoYears 2022-03-31 04128650 uk-core:BetweenTwoFiveYears 2023-03-31 04128650 uk-core:BetweenTwoFiveYears 2022-03-31 04128650 uk-bus:FRS102 2022-04-01 2023-03-31 04128650 uk-bus:FullAccounts 2022-04-01 2023-03-31 04128650 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04128650 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  CSCM LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 MARCH 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  CSCM LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MARCH 2023
       
       
  DIRECTORS
       
  J M Woolvin
  T Woolvin
  D M Brown
       
       
  SECRETARY
       
  J M Woolvin
       
  REGISTERED OFFICE
       
  2 Swallowfield Courtyard, Wolverhampton Road
Oldbury, West Midlands
B69 2JG
       
       
  COMPANY REGISTERED NUMBER
       
  04128650
       
       
  BANKERS
       
  Clydesdale Bank plc
       
       
  ACCOUNTANTS
       
  Lyness Accountancy Practice Limited
  Chartered Certified Accountants
  78 Birmingham Street, Oldbury, West Midlands, B69 4EB
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  page 1
  CSCM LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MARCH 2023
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  CSCM LIMITED
  Company registered number: 04128650
  STATEMENT OF FINANCIAL POSITION AT 31 March 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 844,629 817,374
  CURRENT ASSETS    
  Inventories   44,643 41,238
  Debtors 4 700,566 531,113
  Cash at bank and in hand   852,114 563,288
      1,597,323 1,135,639
  CREDITORS: Amounts falling due within one year 5 631,214 362,966
  NET CURRENT ASSETS   966,109 772,673
  TOTAL ASSETS LESS CURRENT LIABILITIES   1,810,738 1,590,047
           
  CREDITORS: Amounts falling due after more than one year 6 (87,325) (295,575)
           
  PROVISIONS FOR LIABILITIES   (72,759) (12,393)
  NET ASSETS   £1,650,654 £1,282,079
       
  CAPITAL AND RESERVES
  Called up share capital   90 90
  Other reserves   10 10
  Retained earnings   1,650,554 1,281,979
  SHAREHOLDERS' FUNDS   £1,650,654 £1,282,079
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  CSCM LIMITED
  Company registered number: 04128650
  STATEMENT OF FINANCIAL POSITION AT 31 March 2023 (CONT.)
           
    Note 2023 2022
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 11/10/2023
 
  Signed on behalf of the board of directors
 
 
       
  J M Woolvin, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  CSCM LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 MARCH 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  CSCM Limited, company number 04128650 is a private company limited by shares incorporated in England & Wales.
         
  Registered office:
  2 Swallowfield Courtyard, Wolverhampton Road
Oldbury, West Midlands
B69 2JG
         
1b. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.
         
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
  Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
 
         
 
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  CSCM LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Freehold property Straight line 2%  
  Improvements to freehold property Straight line 10%  
  Vehicles Straight line 25%  
  Fixtures and fittings Straight line 25%  
  Equipment Straight line 20%  
  Motor cars Straight line 25%  
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1j. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1k. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  CSCM LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1l. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
         
1m. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
  Average number of employees 28 27
   
             
3. PROPERTY, PLANT AND EQUIPMENT
      Short Plant & Fixtures &  
    Freehold Leasehold Machinery Equipment Total
    £ £ £ £ £
  Cost
             
  At 1 April 2022 440,130 39,480 202,116 533,028 1,214,754
  Additions - - 41,235 111,131 152,366
             
  At 31 March 2023 440,130 39,480 243,351 644,159 1,367,120
   
  Depreciation
             
  At 1 April 2022 17,605 7,896 146,490 225,389 397,380
  For the year 5,869 3,948 30,609 84,685 125,111
  At 31 March 2023 23,474 11,844 177,099 310,074 522,491
   
  Net Book Amounts
             
  At 31 March 2023 £416,656 £27,636 £66,252 £334,085 £844,629
  At 31 March 2022 £422,525 £31,584 £55,626 £307,639 £817,374
   
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  CSCM LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2023
       
       
4. DEBTORS 2023 2022
    £ £
  Trade debtors 618,239 497,021
  UK Corporation tax - 1,452
  Other debtors 82,327 32,640
    £700,566 £531,113
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 13,872 47,523
  Leases and hire purchase contracts 41,916 41,916
  Trade creditors 242,085 180,514
  Corporation tax 76,926 -
  Other taxes and social security 45,626 43,972
  Other creditors 15,096 11,995
  Accruals and deferred income 195,693 37,046
    £631,214 £362,966
   
       
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts - 166,334
  Leases and hire purchase contracts 87,325 129,241
    £87,325 £295,575
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank - 28,998
  leases 41,916 41,916
  within 1-2 years
  bank - 166,334
  within 2-5 years
  leases 87,325 129,241
    £129,241 £366,489
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8