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REGISTERED NUMBER: 11053031 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

CM2L Limited

CM2L Limited (Registered number: 11053031)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CM2L Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Light
C Light





REGISTERED OFFICE: 304 Old Swanick Lane
Lower Swanick
Southampton
Hampshire
SO31 7GS





REGISTERED NUMBER: 11053031 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

CM2L Limited (Registered number: 11053031)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,300 4,378

CURRENT ASSETS
Debtors 5 21,551 13,041
Cash at bank 9,684 23
31,235 13,064
CREDITORS
Amounts falling due within one year 6 23,657 16,472
NET CURRENT ASSETS/(LIABILITIES) 7,578 (3,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,878

970

CREDITORS
Amounts falling due after more than one
year

7

10,453

11,877
NET ASSETS/(LIABILITIES) 425 (10,907 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 325 (11,007 )
425 (10,907 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CM2L Limited (Registered number: 11053031)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





M Light - Director


CM2L Limited (Registered number: 11053031)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

CM2L Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

CM2L Limited (Registered number: 11053031)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 8,591 1,269 9,860
Additions 111 121 232
Disposals - (310 ) (310 )
At 30 November 2023 8,702 1,080 9,782
DEPRECIATION
At 1 December 2022 4,951 531 5,482
Charge for year 937 202 1,139
Eliminated on disposal - (139 ) (139 )
At 30 November 2023 5,888 594 6,482
NET BOOK VALUE
At 30 November 2023 2,814 486 3,300
At 30 November 2022 3,640 738 4,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 11,493 -
Directors' current accounts 687 10,214
Tax 8,400 -
VAT 832 2,762
Prepayments 139 65
21,551 13,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,000 4,000
Tax 18,257 11,072
Other creditors 600 600
Accrued expenses 800 800
23,657 16,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years 10,453 11,877

CM2L Limited (Registered number: 11053031)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M Light and C Light
Balance outstanding at start of year 10,214 17,073
Amounts advanced 55,400 9,000
Amounts repaid (64,927 ) (15,859 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 687 10,214

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,500 were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Light.

11. GOING CONCERN

The Director considers, that with the continued support of the of the Company Director and creditors, the company has sufficient resources to support the company until a solvent position has been achieved, for at least 12 months from the approval of these financial statements. On this assumption the accounts have been drawn up on a going concern basis.