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REGISTERED NUMBER: 08087381 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CMS WEALTH LTD

CMS WEALTH LTD (REGISTERED NUMBER: 08087381)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CMS WEALTH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J J Wigg
D Carter
Mrs T Bloxham





REGISTERED OFFICE: Courtyard Office 3
Upper Aynho Grounds
Aynho
Oxfordshire
OX17 3AY





REGISTERED NUMBER: 08087381 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

CMS WEALTH LTD (REGISTERED NUMBER: 08087381)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 673 711
Tangible assets 5 125,739 193,236
126,412 193,947

CURRENT ASSETS
Debtors 6 177,785 93,682
Cash at bank 478,063 492,349
655,848 586,031
CREDITORS
Amounts falling due within one year 7 370,808 353,357
NET CURRENT ASSETS 285,040 232,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,452

426,621

CREDITORS
Amounts falling due after more than one year 8 (9,699 ) (52,130 )

PROVISIONS FOR LIABILITIES 9 (15,870 ) -
NET ASSETS 385,883 374,491

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 385,783 374,391
SHAREHOLDERS' FUNDS 385,883 374,491

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

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

CMS WEALTH LTD (REGISTERED NUMBER: 08087381)

BALANCE SHEET - continued
31 AUGUST 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 15 December 2023 and were signed on its behalf by:





Mrs T Bloxham - Director


CMS WEALTH LTD (REGISTERED NUMBER: 08087381)

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

1. STATUTORY INFORMATION

CMS Wealth 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.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on 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.


CMS WEALTH LTD (REGISTERED NUMBER: 08087381)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 September 2022
and 31 August 2023 750
AMORTISATION
At 1 September 2022 39
Amortisation for year 38
At 31 August 2023 77
NET BOOK VALUE
At 31 August 2023 673
At 31 August 2022 711

CMS WEALTH LTD (REGISTERED NUMBER: 08087381)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2022 34,638 127,503 137,539 299,680
Additions - 6,333 - 6,333
At 31 August 2023 34,638 133,836 137,539 306,013
DEPRECIATION
At 1 September 2022 11,388 45,692 49,364 106,444
Charge for year 6,928 32,517 34,385 73,830
At 31 August 2023 18,316 78,209 83,749 180,274
NET BOOK VALUE
At 31 August 2023 16,322 55,627 53,790 125,739
At 31 August 2022 23,250 81,811 88,175 193,236

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50,457 19,442
Prepayments and accrued income 127,328 74,240
177,785 93,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,461 18,668
Trade creditors 13,325 16,180
Tax 117,352 103,283
Social security and other taxes 44,705 38,169
Other creditors 53,614 5,439
Accruals and deferred income 135,351 171,618
370,808 353,357

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 9,699 52,130

CMS WEALTH LTD (REGISTERED NUMBER: 08087381)

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

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,870 -

Deferred
tax
£   
Provided during year 15,870
Balance at 31 August 2023 15,870

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

As at 31 August 2023 Other Debtors include the intercompany balances due from CMS Financial Management Limited of £30,000.00 (2022: £Nil) and CMS Mortgages Limited of £9,492.40 (2022: £10,052.41). Other Creditors include the balance owed to Chase Financial Management Limited of £50,000.00 (2022: £ Nil)

During the year, total dividends of £920,000 (2022 - £1,340,000) were paid to the shareholders.