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REGISTERED NUMBER: 10711250 (England and Wales)















Financial Statements for the Year Ended 31st March 2023

for

CQM SECOND LTD

CQM SECOND LTD (REGISTERED NUMBER: 10711250)






Contents of the Financial Statements
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CQM SECOND LTD

Company Information
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: K Saeed





REGISTERED OFFICE: 9 Hind Close
Chigwell
IG7 4EA





REGISTERED NUMBER: 10711250 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

CQM SECOND LTD (REGISTERED NUMBER: 10711250)

Balance Sheet
31ST MARCH 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 500
Tangible assets 5 64,240 67,428
64,240 67,928

CURRENT ASSETS
Stocks 2,670 2,540
Debtors 6 149,603 162,003
Cash at bank and in hand 13,449 5,766
165,722 170,309
CREDITORS
Amounts falling due within one year 7 (145,429 ) (139,672 )
NET CURRENT ASSETS 20,293 30,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,533

98,565

CREDITORS
Amounts falling due after more than one
year

8

(67,666

)

(80,540

)

PROVISIONS FOR LIABILITIES 9 (23,621 ) (18,369 )
NET LIABILITIES (6,754 ) (344 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,755 ) (345 )
SHAREHOLDERS' FUNDS (6,754 ) (344 )

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

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

CQM SECOND LTD (REGISTERED NUMBER: 10711250)

Balance Sheet - continued
31ST MARCH 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 29th March 2024 and were signed by:





K Saeed - Director


CQM SECOND LTD (REGISTERED NUMBER: 10711250)

Notes to the Financial Statements
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Cqm Second 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

Stocks
Stocks 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.


CQM SECOND LTD (REGISTERED NUMBER: 10711250)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST MARCH 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 5,000
AMORTISATION
At 1st April 2022 4,500
Charge for year 500
At 31st March 2023 5,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 500

CQM SECOND LTD (REGISTERED NUMBER: 10711250)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 10,000 96,135 106,135
Additions - 3,788 3,788
At 31st March 2023 10,000 99,923 109,923
DEPRECIATION
At 1st April 2022 3,000 35,707 38,707
Charge for year 1,000 5,976 6,976
At 31st March 2023 4,000 41,683 45,683
NET BOOK VALUE
At 31st March 2023 6,000 58,240 64,240
At 31st March 2022 7,000 60,428 67,428

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 1,852 8,589
Amounts owed by group undertakings 147,751 153,338
Other debtors - 76
149,603 162,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 7,790 7,790
Trade creditors 851 15,569
Amounts owed to group undertakings 4,281 -
Taxation and social security 7,733 1,890
Other creditors 124,774 114,423
145,429 139,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 67,666 80,540

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,666 80,540

CQM SECOND LTD (REGISTERED NUMBER: 10711250)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST MARCH 2023

9. PROVISIONS FOR LIABILITIES
31/3/23 31/3/22
£    £   
Deferred tax 23,621 18,369

Deferred
tax
£   
Balance at 1st April 2022 18,369
Provided during year 5,252
Balance at 31st March 2023 23,621