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Registration number: 07259503

CMB South West Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

CMB South West Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Abridged Balance Sheet

5 to 6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

CMB South West Limited

Company Information

Director

Mr Steven Borley

Registered office

1 Alexandra Gate
Ffordd Pengam
Cardiff
S Glam
CF24 2SA

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

CMB South West Limited

Director's Report for the Year Ended 31 March 2023

The director presents his report and the abridged financial statements for the year ended 31 March 2023.

Director of the company

The director who held office during the year was as follows:

Mr Steven Borley

Principal activity

The principal activity of the company is that of management of the land.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 23 October 2023 and signed on its behalf by:

.........................................
Mr Steven Borley
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CMB South West Limited
for the Year Ended 31 March 2023

This report is made solely to the Board of Directors of CMB South West Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CMB South West Limited and state those matters that we have agreed to state to the Board of Directors of CMB South West Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CMB South West Limited and its Board of Directors as a body for our work or for this report.

As described on the balance sheet you are responsible for the compilation of the accounts for the year ended 31 March 2023, as set out on pages 4 to 10, and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled the unaudited accounts from the accounting records and from information and explanations supplied to us.














HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

23 October 2023

 

CMB South West Limited

Abridged Profit and Loss Account for the Year Ended 31 March 2023

2023
£

2022
£

Gross profit

 

3,348

1,653

Administrative expenses

 

(3,378)

(1,653)

Other interest receivable and similar income

 

30

-

Profit/(loss) before tax

-

-

Profit/(loss) for the financial year

 

-

-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

CMB South West Limited

(Registration number: 07259503)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

342

715

Cash at bank and in hand

 

13,339

12,465

 

13,681

13,180

Creditors: Amounts falling due within one year

(2,987)

(3,067)

Net current assets

 

10,694

10,113

Total assets less current liabilities

 

10,695

10,114

Accruals and deferred income

 

(9,695)

(9,114)

Net assets

 

1,000

1,000

Capital and reserves

 

Called up share capital

5

1,000

1,000

Shareholders' funds

 

1,000

1,000

 

CMB South West Limited

(Registration number: 07259503)
Abridged Balance Sheet as at 31 March 2023

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2023
 

.........................................

Mr Steven Borley
Director

 

CMB South West Limited

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Total
£

At 1 April 2022

1,000

1,000

At 31 March 2023

1,000

1,000



 

Share capital
£

Total
£

At 1 April 2021

1,000

1,000

At 31 March 2022

1,000

1,000

 

CMB South West Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
1 Alexandra Gate
Ffordd Pengam
Cardiff
S Glam
CF24 2SA
Wales

These financial statements were authorised for issue by the director on 23 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

CMB South West Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation method and rate

Freehold Land and Buildings

Not depreciated under FRS 102 Section A.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

CMB South West Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Freehold land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

1

1

At 31 March 2023

1

1

Depreciation

Carrying amount

At 31 March 2023

1

1

At 31 March 2022

1

1

Included within the net book value of land and buildings above is £1 (2022 - £1) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000