Registered number
12230391
CM Healthcare Construction Ltd
Filleted Accounts
30 September 2023
CM Healthcare Construction Ltd
Registered number: 12230391
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 63,462 94,778
Current assets
Debtors 4 198,195 93,960
Cash at bank and in hand 2,373 224,782
200,568 318,742
Creditors: amounts falling due within one year 5 (141,046) (216,610)
Net current assets 59,522 102,132
Total assets less current liabilities 122,984 196,910
Creditors: amounts falling due after more than one year 6 (25,855) (35,838)
Net assets 97,129 161,072
Capital and reserves
Called up share capital 100 100
Profit and loss account 97,029 160,972
Shareholder's funds 97,129 161,072
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Medanovic
Director
Approved by the board on 3 August 2024
CM Healthcare Construction Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services, net od discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 10,793 149,467 160,260
Additions 1,008 - 1,008
At 30 September 2023 11,801 149,467 161,268
Depreciation
At 1 October 2022 3,877 61,605 65,482
Charge for the year 2,431 29,893 32,324
At 30 September 2023 6,308 91,498 97,806
Net book value
At 30 September 2023 5,493 57,969 63,462
At 30 September 2022 6,916 87,862 94,778
4 Debtors 2023 2022
£ £
Accrued income 117,800 87,458
Other debtors 80,395 6,502
198,195 93,960
Included within other debtors, loan to the director was £80,061. This loan is repayable on demand.
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,500 2,500
Trade creditors 20,775 91,763
Taxation and social security costs 116,771 111,347
Other creditors 1,000 11,000
141,046 216,610
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,855 35,838
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C Medanovic 6,244 73,817 - 80,061
6,244 73,817 - 80,061
8 Other information
CM Healthcare Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23 Crescent Avenue
Crescent Court
Grays
Essex
RM17 6LJ
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