Company Registration No. 8974855 (England and Wales)
C & M Wealth International Ltd
Unaudited accounts
for the year ended 31 December 2023
C & M Wealth International Ltd
Unaudited accounts
Contents
C & M Wealth International Ltd
Company Information
for the year ended 31 December 2023
Company Number
8974855 (England and Wales)
Registered Office
1 King William Street
London
EC4N 7AF
Accountants
Vincent Lim
70 Dowdeswell Close
London
SW15 5RL
C & M Wealth International Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
2,792
4,087
Debtors
20,963,450
19,670,204
Cash at bank and in hand
1,529,298
1,635,807
Creditors: amounts falling due within one year
(17,785,671)
(12,005,809)
Net current assets
4,707,077
9,300,202
Total assets less current liabilities
4,709,870
9,304,290
Creditors: amounts falling due after more than one year
(3,950,000)
(8,555,525)
Net assets
759,870
748,765
Called up share capital
3
3
Profit and loss account
759,867
748,762
Shareholders' funds
759,870
748,765
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2024 and were signed on its behalf by
Changfei Li
Director
Company Registration No. 8974855
C & M Wealth International Ltd
Notes to the Accounts
for the year ended 31 December 2023
C & M Wealth International Ltd is a private company, limited by shares, registered in England and Wales, registration number 8974855. The registered office is 1 King William Street, London, EC4N 7AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
5
Investments
Subsidiary undertakings
Valuation at 1 January 2023
1
Valuation at 31 December 2023
1
C & M Wealth International Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
12,183,684
18,121,314
Amounts due from group undertakings etc.
8,747,035
1,516,041
Accrued income and prepayments
18,704
-
Other debtors
14,027
32,849
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
133,368
58,429
Trade creditors
17,469,503
11,191,069
Amounts owed to group undertakings and other participating interests
-
598,525
Taxes and social security
81,283
119,999
Other creditors
97,892
33,124
8
Creditors: amounts falling due after more than one year
2023
2022
Trade creditors
3,950,000
8,421,524
9
Average number of employees
During the year the average number of employees was 7 (2022: 9).