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Company registration number: 01164319







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


CONCENTRATION HEAT AND MOMENTUM LIMITED






































                        

 


CONCENTRATION HEAT AND MOMENTUM LIMITED
 


 
COMPANY INFORMATION


Directors
W Tan (appointed 2 October 2023)
C I Spalding (resigned 2 October 2023)




Company secretary
 
J P Rayss (appointed 2 October 2023)
C I Spalding (resigned 2 October 2023)



Registered number
01164319



Registered office
Bakery House
40 High Street

Wimbledon Village

London

SW19 5AU




Independent auditors
Protax Consultants Ltd

Unit 18, 8 Lombard Road

Lombard Business Park

Wimbledon

London

SW19 3TZ




Accountants
Menzies LLP
Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


CONCENTRATION HEAT AND MOMENTUM LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 6


 


CONCENTRATION HEAT AND MOMENTUM LIMITED
REGISTERED NUMBER:01164319



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
30 April
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,269
1,840

  
1,269
1,840

Current assets
  

Stocks
  
7,032
78,308

Debtors: amounts falling due within one year
 5 
398,899
1,043,412

Cash at bank and in hand
  
1,542,340
1,566,530

  
1,948,271
2,688,250

Creditors: amounts falling due within one year
 6 
(205,350)
(526,596)

Net current assets
  
 
 
1,742,921
 
 
2,161,654

Total assets less current liabilities
  
1,744,190
2,163,494

  

Net assets
  
1,744,190
2,163,494


Capital and reserves
  

Called up share capital 
  
6,423
6,423

Capital redemption reserve
  
3,577
3,577

Profit and loss account
  
1,734,190
2,153,494

  
1,744,190
2,163,494

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



W Tan
Director
Date: 3 June 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


CONCENTRATION HEAT AND MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Concentration Heat and Momentum Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address are provided in the company information page of these financial statements.
Due to a change in accounting reference date, the current period covers 8 months to 31 December 2023 and is therefore not comparable with the prior 12 month period.
The significant 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.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The director has a reasonable expectation that the company has adequate resources and support from the parent company to meet all liabilities as and when they fall due, and to continue in operational existence for the foreseeable future. Therefore it is the director's opinion that the going concern basis of preparation continues to be appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

  
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 2

 


CONCENTRATION HEAT AND MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model 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 the straight-line method.

Depreciation is provided on the following basis:

Furniture & Equipment
-
20% per annum on cost
Computer Equipment
-
25% per annum on cost

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 21 (2023 - 27).

Page 3

 


CONCENTRATION HEAT AND MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
18,267
145,880
164,147



At 31 December 2023

18,267
145,880
164,147



Depreciation


At 1 May 2023
18,130
144,177
162,307


Charge for the period on owned assets
43
528
571



At 31 December 2023

18,173
144,705
162,878



Net book value



At 31 December 2023
94
1,175
1,269



At 30 April 2023
137
1,703
1,840


5.


Debtors

31 December
30 April
2023
2023
£
£


Trade debtors
321,723
885,272

Amounts owed by group undertakings
16,717
-

Other debtors
17,640
156,383

Prepayments and accrued income
42,819
1,757

398,899
1,043,412


Page 4

 


CONCENTRATION HEAT AND MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

31 December
30 April
2023
2023
£
£

Trade creditors
53,547
428,722

Amounts owed to group undertakings
239
-

Other taxation and social security
15,386
30,283

Other creditors
-
1,208

Accruals and deferred income
136,178
66,383

205,350
526,596



7.


Share capital

31 December
30 April
2023
2023
£
£
Allotted, called up and fully paid



6,423 (2023 - 6,423) Ordinary shares of £1.00 each
6,423
6,423



8.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 December
30 April
2023
2023
£
£


Not later than 1 year
92,113
3,799

Later than 1 year and not later than 5 years
183,725
3,237

275,838
7,036


9.


Related party transactions

On 2 October 2023 the company became a wholly owned subsidiary of HK ZWCAD Software Limited, a company registered in Hong Kong. At the balance sheet date £16,717 was due from HK ZWCAD Software Limited.
During the period following the acquisition purchases totalling £34,546 were made from Zwsoft Japan Ltd, a group company. At the balance sheet date £239 was owed to Zwsoft Japan Ltd.

Page 5

 


CONCENTRATION HEAT AND MOMENTUM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 3 June 2024 by Muhammad Bilal (Senior statutory auditor) on behalf of Protax Consultants Ltd.

 
Page 6