IRIS Accounts Production v23.3.1.45 09343614 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093436142022-03-31093436142023-03-31093436142022-04-012023-03-31093436142021-03-31093436142021-04-012022-03-31093436142022-03-3109343614ns10:Originalns15:EnglandWales2022-04-012023-03-3109343614ns14:PoundSterlingns10:Original2022-04-012023-03-3109343614ns10:Originalns10:Director12022-04-012023-03-3109343614ns10:Original2022-04-012023-03-3109343614ns10:Original2023-03-3109343614ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109343614ns10:Originalns10:SmallEntities2022-04-012023-03-3109343614ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109343614ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109343614ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109343614ns10:Originalns10:FullAccounts2022-04-012023-03-3109343614ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3109343614ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109343614ns10:Original2022-03-3109343614ns10:Originalns5:CurrentFinancialInstruments2023-03-3109343614ns10:Originalns5:CurrentFinancialInstruments2022-03-3109343614ns10:Originalns5:Non-currentFinancialInstruments2023-03-3109343614ns10:Originalns5:Non-currentFinancialInstruments2022-03-3109343614ns5:ShareCapitalns10:Original2023-03-3109343614ns5:ShareCapitalns10:Original2022-03-3109343614ns10:Originalns5:RevaluationReserve2023-03-3109343614ns10:Originalns5:RevaluationReserve2022-03-3109343614ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109343614ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109343614ns10:Originalns5:PlantMachinery2022-04-012023-03-3109343614ns10:Originalns5:FurnitureFittings2022-04-012023-03-3109343614ns10:Originalns5:ComputerEquipment2022-04-012023-03-3109343614ns10:Original2021-04-012022-03-3109343614ns10:Originalns5:LandBuildings2022-03-3109343614ns10:Originalns5:PlantMachinery2022-03-3109343614ns10:Originalns5:FurnitureFittings2022-03-3109343614ns10:Originalns5:ComputerEquipment2022-03-3109343614ns10:Original2022-03-3109343614ns10:Originalns5:LandBuildings2022-04-012023-03-3109343614ns10:Originalns5:LandBuildings2023-03-3109343614ns10:Originalns5:PlantMachinery2023-03-3109343614ns10:Originalns5:FurnitureFittings2023-03-3109343614ns10:Originalns5:ComputerEquipment2023-03-3109343614ns10:Originalns5:LandBuildings2022-03-3109343614ns10:Originalns5:PlantMachinery2022-03-3109343614ns10:Originalns5:FurnitureFittings2022-03-3109343614ns10:Originalns5:ComputerEquipment2022-03-3109343614ns10:Originalns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3109343614ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109343614ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3109343614ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3109343614ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3109343614ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3109343614ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3109343614ns10:Originalns10:OrdinaryShareClass12023-03-3109343614ns10:Originalns5:RevaluationReserve2022-03-31
REGISTERED NUMBER: 09343614 (England and Wales)















CGMT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






CGMT LIMITED (REGISTERED NUMBER: 09343614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CGMT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: C G M Thomas





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 09343614 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

CGMT LIMITED (REGISTERED NUMBER: 09343614)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,913,124 3,928,560
Investments 5 1,329 1,329
Herd basis 6 624,337 429,757
4,538,790 4,359,646

CURRENT ASSETS
Stocks 179,143 267,619
Debtors 7 185,636 226,889
Cash at bank 4,008 12,001
368,787 506,509
CREDITORS
Amounts falling due within one year 8 1,213,814 967,000
NET CURRENT LIABILITIES (845,027 ) (460,491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,693,763

3,899,155

CREDITORS
Amounts falling due after more than one
year

9

(2,541,208

)

(2,496,878

)

PROVISIONS FOR LIABILITIES (14,539 ) (260,102 )
NET ASSETS 1,138,016 1,142,175

CGMT LIMITED (REGISTERED NUMBER: 09343614)

BALANCE SHEET - continued
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 868,140 868,140
Retained earnings 269,776 273,935
SHAREHOLDERS' FUNDS 1,138,016 1,142,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th November 2023 and were signed by:





C G M Thomas - Director


CGMT LIMITED (REGISTERED NUMBER: 09343614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

CGMT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CGMT LIMITED (REGISTERED NUMBER: 09343614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st April 2022 3,109,297 1,052,983 53,033 1,495 4,216,808
Additions - 363,651 - - 363,651
Disposals - (366,074 ) - - (366,074 )
At 31st March 2023 3,109,297 1,050,560 53,033 1,495 4,214,385
DEPRECIATION
At 1st April 2022 - 261,133 26,316 799 288,248
Charge for year - 86,726 4,008 104 90,838
Eliminated on disposal - (77,825 ) - - (77,825 )
At 31st March 2023 - 270,034 30,324 903 301,261
NET BOOK VALUE
At 31st March 2023 3,109,297 780,526 22,709 592 3,913,124
At 31st March 2022 3,109,297 791,850 26,717 696 3,928,560

CGMT LIMITED (REGISTERED NUMBER: 09343614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Freehold property is shown in the accounts at it's market value of £3,109,297.

The original cost of this property was £1,578,222

Included in the net book value of the assets is £543,339 held under HP agreements (2022 - £637,087). Depreciation of £61,473 has been charged to the profit and loss account (2022 - £71,751).

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Entitlements 1,329 1,329

6. HERD BASIS
Dairy
herd
basis
£   
COST
At 1st April 2022 429,757
Additions 194,580
At 31st March 2023 624,337
NET BOOK VALUE
At 31st March 2023 624,337
At 31st March 2022 429,757

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 175,732 200,809
VAT 9,904 26,080
185,636 226,889

CGMT LIMITED (REGISTERED NUMBER: 09343614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 636,988 375,957
Hire purchase contracts 126,875 126,875
Trade creditors 385,197 452,017
Other creditors 32,483 7,986
Directors' current accounts 28,999 879
Accruals and deferred income 3,272 3,286
1,213,814 967,000

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Mrs R Thomas 162,679 174,679
Bank loans - more than 1 year 1,964,708 1,900,173
Hire purchase contracts 413,821 422,026
2,541,208 2,496,878

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 868,140

12. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to C G M Thomas of £28,999 (2022 - £879 due to C G M Thomas ).