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REGISTERED NUMBER: 04908692 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CMB Business Management Limited

CMB Business Management Limited (Registered number: 04908692)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CMB Business Management Limited

Company Information
for the Year Ended 31 March 2024







Director: C M Bines





Secretary: C R Bines





Registered office: CMB Cars
Llwynypia Road
Tonypandy
Rhondda Cynon Taff
CF40 2EL





Registered number: 04908692 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

CMB Business Management Limited (Registered number: 04908692)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 60,193 63,636
60,193 63,636

Current assets
Stocks 40,623 40,623
Cash at bank 110,782 92,627
151,405 133,250
Creditors
Amounts falling due within one year 6 177,204 170,380
Net current liabilities (25,799 ) (37,130 )
Total assets less current liabilities 34,394 26,506

Creditors
Amounts falling due after more than one
year

7

2,194

5,257
Net assets 32,200 21,249

Capital and reserves
Called up share capital 2 2
Retained earnings 32,198 21,247
Shareholders' funds 32,200 21,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CMB Business Management Limited (Registered number: 04908692)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 12 August 2024 and were signed by:





C M Bines - Director


CMB Business Management Limited (Registered number: 04908692)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

CMB Business Management 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

CMB Business Management Limited (Registered number: 04908692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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 1 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 25,000
Amortisation
At 1 April 2023
and 31 March 2024 25,000
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 150,900
Depreciation
At 1 April 2023 87,264
Charge for year 3,443
At 31 March 2024 90,707
Net book value
At 31 March 2024 60,193
At 31 March 2023 63,636

6. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Taxation and social security 3,961 2,608
Other creditors 173,243 167,772
177,204 170,380

CMB Business Management Limited (Registered number: 04908692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£    £   
Other creditors 2,194 5,257

8. Related party disclosures

During the year, total dividends of £1,000 (2023 - £1,000) were paid to the director .

Included in other creditors is an amount of £165,711 (2023 £160,192) which is due to Mr C M Bines the director of the company. This amount is interest free and repayable within twelve months.

9. Ultimate controlling party

The controlling party is C M Bines.