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REGISTERED NUMBER: 01865517 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

C M BEASY LIMITED

C M BEASY LIMITED (REGISTERED NUMBER: 01865517)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C M BEASY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs C S Brebbia
Dr R A Adey
Dr J M Baynham
Mr A C Brebbia
Mr S Sullivan





SECRETARY: Mrs C S Brebbia





REGISTERED OFFICE: Ashurst Lodge
Ashurst
Southampton
SO40 7AA





REGISTERED NUMBER: 01865517 (England and Wales)





ACCOUNTANTS: Romsey Accountants GDT Limited
Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS

C M BEASY LIMITED (REGISTERED NUMBER: 01865517)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,224 11,295

CURRENT ASSETS
Debtors 5 132,100 249,838
Cash in hand 122,336 437
254,436 250,275
CREDITORS
Amounts falling due within one year 6 242,061 62,342
NET CURRENT ASSETS 12,375 187,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,599

199,228

CAPITAL AND RESERVES
Called up share capital 102,500 102,500
Retained earnings (72,901 ) 96,728
SHAREHOLDERS' FUNDS 29,599 199,228

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

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:
(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.

C M BEASY LIMITED (REGISTERED NUMBER: 01865517)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr A C Brebbia - Director


C M BEASY LIMITED (REGISTERED NUMBER: 01865517)

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


1. STATUTORY INFORMATION

C M Beasy 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.

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 etc - 33% on cost and 20% on cost

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

C M BEASY LIMITED (REGISTERED NUMBER: 01865517)

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


2. ACCOUNTING POLICIES - continued

Grants
Grants and other contributions towards the cost of tangible assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset. Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 243,237
Additions 15,744
Disposals (6,394 )
At 31 March 2023 252,587
DEPRECIATION
At 1 April 2022 231,942
Charge for year 9,815
Eliminated on disposal (6,394 )
At 31 March 2023 235,363
NET BOOK VALUE
At 31 March 2023 17,224
At 31 March 2022 11,295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 25,525 -
Amounts owed by group undertakings - 216,246
Amounts owed by associates 16,537 -
Other debtors 90,038 33,592
132,100 249,838

C M BEASY LIMITED (REGISTERED NUMBER: 01865517)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,578 3,563
Amounts owed to group undertakings 138,821 -
Other creditors 99,662 58,779
242,061 62,342

7. RELATED PARTY DISCLOSURES

All business with related parties is transacted on normal commercial terms.

Mr A C Brebbia is a director of and shareholder in Computational Mechanics International Inc.

The company received income of £112,777 (2022: £42,292) from the sale of software products to this company during the year.For the year, the company also received sub-contractor charges of £16,537 and £30,522 in respect of contributions towards management costs.

At the balance sheet date the company owed £138,821 (2022: £216,246 debtor) by Computational Mechanics International Limited.In addition, the company was owed £42,485 by its holding company and fellow subsidiary in respect of group relief claims.

At the balance sheet date the company was owed £16,537 (2022: £nil) by Computational Mechanics International Inc.

The company paid management charges of £841,194 (2022: £678,527) to Computational Mechanics International Limited during the year.

The controlling party is Computational Mechanics International Limited.