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REGISTERED NUMBER: 05657378 (England and Wales)















CMZ UK LIMITED

Audited Financial Statements for the Year Ended 31 December 2023






CMZ UK LIMITED (REGISTERED NUMBER: 05657378)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CMZ UK LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs M A Lizundia Iriondo





SECRETARY: A Zumarraga





REGISTERED OFFICE: 61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





BUSINESS ADDRESS: 6 Davy Court
Central Park
Rugby
Warwickshire
CV23 0UZ





REGISTERED NUMBER: 05657378 (England and Wales)





AUDITORS: Michael Dufty Partnership Limited
Statutory Auditors
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

CMZ UK LIMITED (REGISTERED NUMBER: 05657378)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,109 24,954

CURRENT ASSETS
Stocks 65,569 -
Debtors 5 1,460,553 790,448
Cash at bank 724,952 845,936
2,251,074 1,636,384
CREDITORS
Amounts falling due within one year 6 2,190,315 1,598,969
NET CURRENT ASSETS 60,759 37,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,868

62,369

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,768 62,269
SHAREHOLDERS' FUNDS 79,868 62,369

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 23 September 2024 and were signed by:





Mrs M A Lizundia Iriondo - Director


CMZ UK LIMITED (REGISTERED NUMBER: 05657378)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

CMZ UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CMZ UK LIMITED (REGISTERED NUMBER: 05657378)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Going concern
These financial statements have been prepared on a going concern basis. The director has confirmed the ongoing support from its parent company and as a consequence of this and its current liquidity believes that the company will be able to operate for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 7,384 30,303 10,457 48,144
Additions - - 330 330
At 31 December 2023 7,384 30,303 10,787 48,474
DEPRECIATION
At 1 January 2023 5,932 8,522 8,736 23,190
Charge for year 290 5,445 440 6,175
At 31 December 2023 6,222 13,967 9,176 29,365
NET BOOK VALUE
At 31 December 2023 1,162 16,336 1,611 19,109
At 31 December 2022 1,452 21,781 1,721 24,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,449,709 780,263
Other debtors 1,640 462
Prepayments 9,204 9,723
1,460,553 790,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 133,936 20,019
Amounts owed to group undertakings 1,215,959 946,920
Social security and other taxes 258,542 166,200
Other creditors 581,878 465,830
2,190,315 1,598,969

CMZ UK LIMITED (REGISTERED NUMBER: 05657378)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 16,742 11,274
Between one and five years 11,064 10,880
27,806 22,154

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert MacLaren ACA FCCA (Senior Statutory Auditor)
for and on behalf of Michael Dufty Partnership Limited

9. ULTIMATE CONTROLLING PARTY

There was no single controlling party during the financial year.