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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
Page
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C & M Wealth International Ltd Company Information for the year ended 31 December 2023
Director
Changfei Li
Company Number
8974855 (England and Wales)
Registered Office
1 King William Street London EC4N 7AF
Accountants
Vincent Lim 70 Dowdeswell Close London SW15 5RL
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C & M Wealth International Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,792 
4,087 
Investments
1 
1 
2,793 
4,088 
Current assets
Debtors
20,963,450 
19,670,204 
Cash at bank and in hand
1,529,298 
1,635,807 
22,492,748 
21,306,011 
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 
Capital and reserves
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
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C & M Wealth International Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
6,053 
Additions
799 
At 31 December 2023
6,852 
Depreciation
At 1 January 2023
1,966 
Charge for the year
2,094 
At 31 December 2023
4,060 
Net book value
At 31 December 2023
2,792 
At 31 December 2022
4,087 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
1 
Valuation at 31 December 2023
1 
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C & M Wealth International Ltd Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
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 
20,963,450 
19,670,204 
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 
Accruals
3,625 
4,663 
17,785,671 
12,005,809 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
134,001 
Trade creditors
3,950,000 
8,421,524 
3,950,000 
8,555,525 
9
Average number of employees
During the year the average number of employees was 7 (2022: 9).
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