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REGISTERED NUMBER: 04191473 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CAMBRIDGE MARKET RESEARCH LIMITED

CAMBRIDGE MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04191473)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMBRIDGE MARKET RESEARCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M J Faers
Mrs K M Dowson





REGISTERED OFFICE: Unit 10 Brunel Business Court
Eastern Way
Bury St Edmunds
Suffolk
IP32 7AJ





REGISTERED NUMBER: 04191473 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

CAMBRIDGE MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04191473)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,942 8,055
Investments 5 101 100
9,043 8,155

CURRENT ASSETS
Debtors 6 1,482,069 955,431
Cash at bank 447,353 257,345
1,929,422 1,212,776
CREDITORS
Amounts falling due within one year 7 389,675 234,384
NET CURRENT ASSETS 1,539,747 978,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,548,790

986,547

PROVISIONS FOR LIABILITIES 299 515
NET ASSETS 1,548,491 986,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,548,391 985,932
1,548,491 986,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CAMBRIDGE MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04191473)

BALANCE SHEET - continued
31 DECEMBER 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 22 March 2024 and were signed on its behalf by:





Mr M J Faers - Director


CAMBRIDGE MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04191473)

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

1. STATUTORY INFORMATION

Cambridge Market Research 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Income 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.
Long leasehold - over the term of the lease
Fixtures & fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

CAMBRIDGE MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04191473)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Long Fixtures Computer
leasehold & fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 446,440 195,819 178,340 820,599
Additions 4,835 257 - 5,092
Disposals (443,769 ) (88,080 ) (62,508 ) (594,357 )
At 31 December 2023 7,506 107,996 115,832 231,334
DEPRECIATION
At 1 January 2023 444,838 191,894 175,812 812,544
Charge for year 1,017 1,508 1,680 4,205
Eliminated on disposal (443,769 ) (88,080 ) (62,508 ) (594,357 )
At 31 December 2023 2,086 105,322 114,984 222,392
NET BOOK VALUE
At 31 December 2023 5,420 2,674 848 8,942
At 31 December 2022 1,602 3,925 2,528 8,055

CAMBRIDGE MARKET RESEARCH LIMITED (REGISTERED NUMBER: 04191473)

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

5. FIXED ASSET INVESTMENTS
Shares in
subsidiaries
£   
COST
At 1 January 2023 100
Additions 1
At 31 December 2023 101
NET BOOK VALUE
At 31 December 2023 101
At 31 December 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 111,749 212,878
Amounts owed by group undertakings 1,318,775 699,514
Amounts recoverable on contract 8,473 1,601
Other debtors 683 1,856
Prepayments 42,389 39,582
1,482,069 955,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 5,050 56,469
Trade creditors 65,976 47,252
Corporation tax 197,616 37,662
Social security and other taxes 87,373 67,628
Other creditors 23,159 17,063
Accrued expenses 10,501 8,310
389,675 234,384

8. LEASING AGREEMENTS
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

£    £   

Within one year 63,000 -
Between one and five years 183,750 -

246,750 -