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REGISTERED NUMBER: 05496341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CMS LOGISTICS MANAGEMENT LTD

CMS LOGISTICS MANAGEMENT LTD (REGISTERED NUMBER: 05496341)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CMS LOGISTICS MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: J Smith





REGISTERED OFFICE: Sixty Six
North Quay
Great Yarmouth
Norfolk
NR30 1HE





REGISTERED NUMBER: 05496341 (England and Wales)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

CMS LOGISTICS MANAGEMENT LTD (REGISTERED NUMBER: 05496341)

BALANCE SHEET
31 July 2023

31.7.22 31.7.23
£    £    Notes £    £   
FIXED ASSETS
1,235 Tangible assets 5 1,882

CURRENT ASSETS
215,304 Debtors 6 203,731
5,167 Cash at bank 4,669
220,471 208,400
CREDITORS
445,243 Amounts falling due within one year 7 431,605
(224,772 ) NET CURRENT LIABILITIES (223,205 )
(223,537 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(221,323

)

CREDITORS
38,500 Amounts falling due after more than one
year

8

32,500
(262,037 ) NET LIABILITIES (253,823 )

CAPITAL AND RESERVES
17,587 Called up share capital 17,587
(279,624 ) Retained earnings (271,410 )
(262,037 ) (253,823 )

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

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

CMS LOGISTICS MANAGEMENT LTD (REGISTERED NUMBER: 05496341)

BALANCE SHEET - continued
31 July 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 director and authorised for issue on 15 April 2024 and were signed by:





J Smith - Director


CMS LOGISTICS MANAGEMENT LTD (REGISTERED NUMBER: 05496341)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Cms Logistics Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Going concern
At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director, therefore, continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for haulage services provided in the normal course of business, and is shown net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

CMS LOGISTICS MANAGEMENT LTD (REGISTERED NUMBER: 05496341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial Instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilties are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant & Computer
Totals machinery equipment
£    £    £   
COST
At 1 August 2022 3,864 3,251 613
Additions 1,651 - 1,651
At 31 July 2023 5,515 3,251 2,264
DEPRECIATION
At 1 August 2022 2,629 2,223 406
Charge for year 1,004 258 746
At 31 July 2023 3,633 2,481 1,152
NET BOOK VALUE
At 31 July 2023 1,882 770 1,112
At 31 July 2022 1,235 1,028 207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 178,544 206,304
Other debtors 25,187 9,000
203,731 215,304

CMS LOGISTICS MANAGEMENT LTD (REGISTERED NUMBER: 05496341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 59,197 61,903
Taxation and social security 210,339 200,917
Other creditors 156,069 176,423
431,605 445,243

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 32,500 38,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Debtor financing 141,869 151,128

Ecapital Commercial Finance (North) Ltd, which provides invoice factoring services to the company, holds a fixed and floating charge dated 30 October 2017 over all of the company's assets in respect of all sums due.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
J Smith
Balance outstanding at start of year - -
Amounts advanced 9,205 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,205 -

The director's loan is interest free, is repayable on demand and has no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

John Smith is the ultimate controlling party by virtue of his 100% shareholding in the company.