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REGISTERED NUMBER: 06910914 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2023

for

CMC Chester Limited

CMC Chester Limited (Registered number: 06910914)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CMC Chester Limited

Company Information
for the year ended 31 October 2023







DIRECTOR: Ms J Carmichael





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 06910914 (England and Wales)

CMC Chester Limited (Registered number: 06910914)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 31,208 18,525
31,208 18,525

CURRENT ASSETS
Stocks 2,500 10,000
Debtors 7 20,976 14,973
Cash at bank 26,673 313,633
50,149 338,606
CREDITORS
Amounts falling due within one year 8 75,288 121,814
NET CURRENT (LIABILITIES)/ASSETS (25,139 ) 216,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,069

235,317

PROVISIONS FOR LIABILITIES 10 5,930 3,520
NET ASSETS 139 231,797

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39 231,697
SHAREHOLDERS' FUNDS 139 231,797

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CMC Chester Limited (Registered number: 06910914)

Statement of Financial Position - continued
31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Ms J Carmichael - Director


CMC Chester Limited (Registered number: 06910914)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

CMC Chester Limited ('The Company') is primarily engaged in the publican and restauranteur business.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principle place of business is Waterfall Road, Dyserth, Rhyl, LL18 6ET and the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

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

2. STATEMENT OF COMPLIANCE

Theses financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle 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.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue (described as turnover) is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

CMC Chester Limited (Registered number: 06910914)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Plant & machinery- 25% on reducing balance
Fixture & fittings- 25% on reducing balance
Computer equipment- 33% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CMC Chester Limited (Registered number: 06910914)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

3. ACCOUNTING POLICIES - continued

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 30 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 500,000
AMORTISATION
At 1 November 2022
and 31 October 2023 500,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

CMC Chester Limited (Registered number: 06910914)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 25,157 55,975 14,224 95,356
Additions 18,737 2,238 3,233 24,208
At 31 October 2023 43,894 58,213 17,457 119,564
DEPRECIATION
At 1 November 2022 17,447 46,020 13,364 76,831
Charge for year 6,612 3,050 1,863 11,525
At 31 October 2023 24,059 49,070 15,227 88,356
NET BOOK VALUE
At 31 October 2023 19,835 9,143 2,230 31,208
At 31 October 2022 7,710 9,955 860 18,525

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,976 14,973

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 38,162 17,574
Taxation and social security 23,431 89,061
Other creditors 13,695 15,179
75,288 121,814

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 102,500 102,500

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,930 3,520

CMC Chester Limited (Registered number: 06910914)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 3,520
Provided during year 2,410
Balance at 31 October 2023 5,930

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr S Carmichael
Balance outstanding at start of year 6,691 13,498
Amounts advanced 141,086 86,547
Amounts repaid (147,652 ) (93,354 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 125 6,691