cdmm (UK) Ltd SC187473 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of building services consultancy to the construction industry. Digita Accounts Production Advanced 6.30.9574.0 true SC187473 2022-08-01 2023-07-31 SC187473 2023-07-31 SC187473 core:CurrentFinancialInstruments 2023-07-31 SC187473 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC187473 core:Non-currentFinancialInstruments 2023-07-31 SC187473 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 SC187473 core:LandBuildings 2023-07-31 SC187473 core:MotorVehicles 2023-07-31 SC187473 core:OtherPropertyPlantEquipment 2023-07-31 SC187473 bus:SmallEntities 2022-08-01 2023-07-31 SC187473 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 SC187473 bus:FullAccounts 2022-08-01 2023-07-31 SC187473 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC187473 bus:RegisteredOffice 2022-08-01 2023-07-31 SC187473 bus:Director5 2022-08-01 2023-07-31 SC187473 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC187473 core:Buildings 2022-08-01 2023-07-31 SC187473 core:LandBuildings 2022-08-01 2023-07-31 SC187473 core:MotorVehicles 2022-08-01 2023-07-31 SC187473 core:OtherPropertyPlantEquipment 2022-08-01 2023-07-31 SC187473 core:PlantMachinery 2022-08-01 2023-07-31 SC187473 countries:Scotland 2022-08-01 2023-07-31 SC187473 2022-07-31 SC187473 core:LandBuildings 2022-07-31 SC187473 core:MotorVehicles 2022-07-31 SC187473 core:OtherPropertyPlantEquipment 2022-07-31 SC187473 2021-08-01 2022-07-31 SC187473 2022-07-31 SC187473 core:CurrentFinancialInstruments 2022-07-31 SC187473 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 SC187473 core:Non-currentFinancialInstruments 2022-07-31 SC187473 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 SC187473 core:LandBuildings 2022-07-31 SC187473 core:MotorVehicles 2022-07-31 SC187473 core:OtherPropertyPlantEquipment 2022-07-31 iso4217:GBP xbrli:pure

Registration number: SC187473

cdmm (UK) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

cdmm (UK) Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

cdmm (UK) Ltd

(Registration number: SC187473)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

35,622

39,256

Current assets

 

Debtors

5

353,761

328,130

Cash at bank and in hand

 

78,320

38,799

 

432,081

366,929

Creditors: Amounts falling due within one year

6

(378,724)

(286,313)

Net current assets

 

53,357

80,616

Total assets less current liabilities

 

88,979

119,872

Creditors: Amounts falling due after more than one year

6

(66,000)

(102,000)

Provisions for liabilities

(8,231)

(6,806)

Net assets

 

14,748

11,066

Capital and reserves

 

Called up share capital

106

106

Share premium reserve

10,682

10,682

Retained earnings

3,960

278

Shareholders' funds

 

14,748

11,066

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 April 2024 and signed on its behalf by:
 

.........................................
Mr N MacRae
Director

 

cdmm (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
36 Longman Drive
Inverness
IV1 1SU

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 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 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 sales/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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

 

cdmm (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

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:

Asset class

Depreciation method and rate

Property improvements

12.5% straight line

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

cdmm (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2022 - 16).

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2022

6,357

20,955

163,573

190,885

Additions

-

-

8,070

8,070

At 31 July 2023

6,357

20,955

171,643

198,955

Depreciation

At 1 August 2022

5,570

18,894

127,165

151,629

Charge for the year

263

320

11,121

11,704

At 31 July 2023

5,833

19,214

138,286

163,333

Carrying amount

At 31 July 2023

524

1,741

33,357

35,622

At 31 July 2022

787

2,061

36,408

39,256

Included within the net book value of land and buildings above is £524 (2022 - £787) in respect of freehold land and buildings.
 

 

cdmm (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

260,429

177,852

Amounts owed by related parties

8

-

92,500

Prepayments

 

46,191

19,904

Other debtors

 

47,141

37,874

   

353,761

328,130

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

36,000

36,000

Trade creditors

 

64,175

65,894

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

62,500

-

Taxation and social security

 

181,590

154,500

Accruals and deferred income

 

24,726

26,305

Other creditors

 

9,733

3,614

 

378,724

286,313

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

66,000

102,000

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

66,000

102,000

2023
£

2022
£

Current loans and borrowings

Bank borrowings

36,000

36,000

 

cdmm (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

8

Related party transactions

The company is a subsidiary of CKMAC Holdings Limited which owns 95.6% of the called up share capital in cdmm (UK) Limited. As at 31 July 2023 CKMAC Holdings Ltd was due a loan of £62,500 from Cdmm (UK) Limited (2022 - £92,500 due to), this amount is interest free and has no repayment terms.