CMC AUTOS LTD

Company Registration Number:
12439382 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

CMC AUTOS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

CMC AUTOS LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 5,304 6,020
Total fixed assets: 5,304 6,020
Current assets
Stocks: 34,850 29,380
Debtors:   9,362 106,638
Cash at bank and in hand: 2,653 5,505
Total current assets: 46,865 141,523
Creditors: amounts falling due within one year:   (60,016) (130,583)
Net current assets (liabilities): (13,151) 10,940
Total assets less current liabilities: (7,847) 16,960
Total net assets (liabilities): (7,847) 16,960
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (7,848) 16,959
Shareholders funds: (7,847) 16,960

The notes form part of these financial statements

CMC AUTOS LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Conal McKay
Status: Director

The notes form part of these financial statements

CMC AUTOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CMC AUTOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

CMC AUTOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 6,657
Additions 1,633
Disposals (999)
At 28 February 2023 7,291
Depreciation
At 01 March 2022 637
Charge for year 1,711
On disposals (361)
At 28 February 2023 1,987
Net book value
At 28 February 2023 5,304
At 28 February 2022 6,020

CMC AUTOS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Loans to directors

Name of director receiving advance or credit: C McKay
Description of the loan: The maximum balance outstanding during the period was £51,803. The loan is not subject to interest and no set repayment terms.
£
Balance at 01 March 2022 27,196
Advances or credits made: 58,561
Advances or credits repaid: 44,827
Balance at 28 February 2023 40,930