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REGISTERED NUMBER: 02773508 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

CML Decorators Limited

CML Decorators Limited (Registered number: 02773508)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


CML Decorators Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K P Laughton
C M Laughton





SECRETARY: K P Laughton





REGISTERED OFFICE: Unit 1 Horton Building
Spitfire Park, Northfield Road
Market Deeping
Peterborough
Cambridgeshire
PE6 8WE





REGISTERED NUMBER: 02773508 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
CML Decorators Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CML Decorators Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that CML Decorators Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CML Decorators Limited. You consider that CML Decorators Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CML Decorators Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


28 March 2024

CML Decorators Limited (Registered number: 02773508)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,631 32,736

CURRENT ASSETS
Stocks 7,297 7,499
Debtors 5 98,802 148,897
Cash at bank and in hand 189,893 124,569
295,992 280,965
CREDITORS
Amounts falling due within one year 6 72,316 84,959
NET CURRENT ASSETS 223,676 196,006
TOTAL ASSETS LESS CURRENT LIABILITIES 246,307 228,742

CREDITORS
Amounts falling due after more than one year 7 (9,754 ) (18,877 )

PROVISIONS FOR LIABILITIES (4,713 ) (4,986 )
NET ASSETS 231,840 204,879

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 231,540 204,579
SHAREHOLDERS' FUNDS 231,840 204,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 28 March 2024 and were signed on its behalf by:




K P Laughton - Director


CML Decorators Limited (Registered number: 02773508)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

CML Decorators 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 represents net invoiced services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 15% on cost

Stocks
Stocks and work in progress 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.

Deferred taxation
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs
The Company has paid into a defined contribution pension scheme. The contributions paid for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

CML Decorators Limited (Registered number: 02773508)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 26,720 153,717 12,101 192,538
Additions - - 2,197 2,197
Disposals (5,476 ) (28,109 ) (10,297 ) (43,882 )
At 31 January 2024 21,244 125,608 4,001 150,853
DEPRECIATION
At 1 February 2023 20,928 126,821 12,053 159,802
Charge for year 1,555 9,136 575 11,266
Eliminated on disposal (4,446 ) (28,107 ) (10,293 ) (42,846 )
At 31 January 2024 18,037 107,850 2,335 128,222
NET BOOK VALUE
At 31 January 2024 3,207 17,758 1,666 22,631
At 31 January 2023 5,792 26,896 48 32,736

Included within fixed assets are assets held under hire purchase agreements with a net book value of £17,750 (2023: £26,886). Depreciation charged on these assets in the year amounted to £9,136 (2023: £6,627).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,714 133,370
Other debtors 13,088 15,527
98,802 148,897

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,033 8,033
Trade creditors 9,027 26,725
Taxation and social security 40,486 34,407
Other creditors 14,770 15,794
72,316 84,959

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,754 18,877

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 17,787 26,910

CML Decorators Limited (Registered number: 02773508)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300