IRIS Accounts Production v23.4.0.336 10719575 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure107195752022-07-31107195752023-07-31107195752022-08-012023-07-31107195752021-07-31107195752021-08-012022-07-31107195752022-07-3110719575ns16:EnglandWales2022-08-012023-07-3110719575ns15:PoundSterling2022-08-012023-07-3110719575ns11:Director12022-08-012023-07-3110719575ns11:PrivateLimitedCompanyLtd2022-08-012023-07-3110719575ns11:SmallEntities2022-08-012023-07-3110719575ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-3110719575ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3110719575ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-3110719575ns11:FullAccounts2022-08-012023-07-3110719575ns6:CurrentFinancialInstruments2023-07-3110719575ns6:CurrentFinancialInstruments2022-07-3110719575ns6:ShareCapital2023-07-3110719575ns6:ShareCapital2022-07-3110719575ns6:RetainedEarningsAccumulatedLosses2023-07-3110719575ns6:RetainedEarningsAccumulatedLosses2022-07-3110719575ns11:RegisteredOffice2022-08-012023-07-3110719575ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-08-012023-07-3110719575ns6:LandBuildings2022-07-3110719575ns6:LandBuildings2023-07-3110719575ns6:LandBuildings2022-07-31
REGISTERED NUMBER: 10719575 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CMG SALES LTD

CMG SALES LTD (REGISTERED NUMBER: 10719575)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


CMG SALES LTD (REGISTERED NUMBER: 10719575)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,897 152,897

CURRENT ASSETS
Stocks 5,585 -
Cash at bank 55,366 94,478
60,951 94,478
CREDITORS
Amounts falling due within one year 5 59,431 68,364
NET CURRENT ASSETS 1,520 26,114
TOTAL ASSETS LESS CURRENT LIABILITIES 154,417 179,011

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 154,416 179,010
SHAREHOLDERS' FUNDS 154,417 179,011

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





C M Gaines - Director


CMG SALES LTD (REGISTERED NUMBER: 10719575)

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


1. STATUTORY INFORMATION

CMG Sales Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10719575

Registered office: 8 The Hollies
Riccall
York
YO19 6FN

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable in respect of commission from sales. Turnover excludes 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.
Freehold property - nil

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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

Cash at bank and in hand
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 with borrowings in current liabilities.

CMG SALES LTD (REGISTERED NUMBER: 10719575)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2022
and 31 July 2023 152,897
NET BOOK VALUE
At 31 July 2023 152,897
At 31 July 2022 152,897

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 29,079 41,219
Other creditors 30,352 27,145
59,431 68,364

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
75 Ordinary A 0.01 0.75 0.75
25 Ordinary B 0.01 0.25 0.25
1 1