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REGISTERED NUMBER: 02993234 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 November 2023

for

C.M. Supplies Limited

C.M. Supplies Limited (Registered number: 02993234)






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


C.M. Supplies Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr C J Milward





REGISTERED OFFICE: 66 Outram Street
Sutton in Ashfield
Nottinghamshire
NG17 4FS





REGISTERED NUMBER: 02993234 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

C.M. Supplies Limited (Registered number: 02993234)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 505,770 498,712

CURRENT ASSETS
Stocks 24,825 33,882
Debtors 5 83,296 87,034
Cash at bank and in hand 68,734 89,106
176,855 210,022
CREDITORS
Amounts falling due within one year 6 (124,924 ) (133,756 )
NET CURRENT ASSETS 51,931 76,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,701

574,978

CREDITORS
Amounts falling due after more than one
year

7

(81,574

)

(87,436

)
NET ASSETS 476,127 487,542

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 288,627 284,020
Capital redemption reserve 100 100
Retained earnings 187,300 203,322
SHAREHOLDERS' FUNDS 476,127 487,542

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 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.

C.M. Supplies Limited (Registered number: 02993234)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr C J Milward - Director


C.M. Supplies Limited (Registered number: 02993234)

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

1. STATUTORY INFORMATION

C.M. Supplies 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

C.M. Supplies Limited (Registered number: 02993234)

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

2. ACCOUNTING POLICIES - continued

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 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 500,000 22,395 522,395
DEPRECIATION
At 1 December 2022 8,500 15,183 23,683
Charge for year (8,500 ) 1,442 (7,058 )
At 30 November 2023 - 16,625 16,625
NET BOOK VALUE
At 30 November 2023 500,000 5,770 505,770
At 30 November 2022 491,500 7,212 498,712

Included in cost or valuation of land and buildings is freehold land of £ 75,000 (2022 - £ 75,000 ) which is not depreciated.

Cost or valuation at 30 November 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2008 114,704 - 114,704
Valuation in 2021 50,000 - 50,000
Cost 335,296 22,395 357,691
500,000 22,395 522,395

C.M. Supplies Limited (Registered number: 02993234)

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

4. TANGIBLE FIXED ASSETS - continued

If the freehold property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 335,296 335,296
Aggregate depreciation 129,130 129,130

Value of land in freehold land and buildings 75,000 75,000

Freehold land and buildings were valued on an open market basis on 30 November 2021 by Mr C J Milward, the company's director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 14,184 26,802
Other debtors 69,112 60,232
83,296 87,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 82,815 80,580
Taxation and social security 23,150 3,012
Other creditors 18,959 50,164
124,924 133,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 81,574 87,436

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

C.M. Supplies Limited (Registered number: 02993234)

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

9. RESERVES
Revaluation
reserve
£   
At 1 December 2022 284,020
Reclassification of freehold depreciation 4,607

At 30 November 2023 288,627