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REGISTERED NUMBER: 07281124 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

CMX (UK) Ltd

CMX (UK) Ltd (Registered number: 07281124)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CMX (UK) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr M Chang





SECRETARY: Ms Y Jin





REGISTERED OFFICE: 36-38 New Oxford Street
London
WC1A 1EP





REGISTERED NUMBER: 07281124 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

CMX (UK) Ltd (Registered number: 07281124)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 6,000
Tangible assets 5 29,177 54,654
34,177 60,654

CURRENT ASSETS
Stocks 26,036 14,095
Debtors 6 64,172 83,492
Cash at bank and in hand 66,366 28,710
156,574 126,297
CREDITORS
Amounts falling due within one year 7 88,786 360,680
NET CURRENT ASSETS/(LIABILITIES) 67,788 (234,383 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,965

(173,729

)

CREDITORS
Amounts falling due after more than one year 8 10,696 30,746
NET ASSETS/(LIABILITIES) 91,269 (204,475 )

CAPITAL AND RESERVES
Called up share capital 230,100 100
Retained earnings (138,831 ) (204,575 )
SHAREHOLDERS' FUNDS 91,269 (204,475 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

CMX (UK) Ltd (Registered number: 07281124)

Balance Sheet - continued
30 June 2024


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 10 August 2024 and were signed by:





Mr M Chang - Director


CMX (UK) Ltd (Registered number: 07281124)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

CMX (UK) 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.

On the basis of long term financial support from company's shareholder, the company will continue in operational existence in the foreseeable future. For this reason, the director continues to adopt going concern basis to prepare the financial statements.

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 is not amortised.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and at varying rates on cost

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.


CMX (UK) Ltd (Registered number: 07281124)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 15,000
AMORTISATION
At 1 July 2023 9,000
Charge for year 1,000
At 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 5,000
At 30 June 2023 6,000

CMX (UK) Ltd (Registered number: 07281124)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 90,554 258,252 348,806
Additions - 3,806 3,806
At 30 June 2024 90,554 262,058 352,612
DEPRECIATION
At 1 July 2023 68,805 225,347 294,152
Charge for year 1,431 27,852 29,283
At 30 June 2024 70,236 253,199 323,435
NET BOOK VALUE
At 30 June 2024 20,318 8,859 29,177
At 30 June 2023 21,749 32,905 54,654

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 19,982 -
Other debtors 44,190 83,492
64,172 83,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Payments on account 11,000 -
Trade creditors 11,021 13,991
Taxation and social security 51,436 67,304
Other creditors 15,329 279,385
88,786 360,680

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 10,696 30,746

CMX (UK) Ltd (Registered number: 07281124)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had 2 financial commitments under operating lease. The first lease is expiring after more than 15 years of £2,610,000 (2023: £2,755,000) and the second lease expiring after more than 15 years of £225,000 (2023: £320,000).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr M Chang
Balance outstanding at start of year (152,806 ) (225,815 )
Amounts repaid 149,835 73,009
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,971 ) (152,806 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Chang.