CMB Water Limited 04208428 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is producing mineral water and soft drinks, and the distribution thereof with other beverages to hotels, restaurants etc Digita Accounts Production Advanced 6.30.9574.0 true 04208428 2023-05-01 2024-04-30 04208428 2024-04-30 04208428 bus:OrdinaryShareClass1 2024-04-30 04208428 bus:OrdinaryShareClass2 2024-04-30 04208428 bus:OrdinaryShareClass3 2024-04-30 04208428 bus:OrdinaryShareClass4 2024-04-30 04208428 core:RetainedEarningsAccumulatedLosses 2024-04-30 04208428 core:ShareCapital 2024-04-30 04208428 core:SharePremium 2024-04-30 04208428 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 04208428 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 04208428 core:CurrentFinancialInstruments 2024-04-30 04208428 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04208428 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 04208428 core:FurnitureFittings 2024-04-30 04208428 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 04208428 core:LandBuildings core:ShortLeaseholdAssets 2024-04-30 04208428 core:MotorVehicles 2024-04-30 04208428 core:OfficeEquipment 2024-04-30 04208428 core:PlantMachinery 2024-04-30 04208428 bus:SmallEntities 2023-05-01 2024-04-30 04208428 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04208428 bus:FullAccounts 2023-05-01 2024-04-30 04208428 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04208428 bus:RegisteredOffice 2023-05-01 2024-04-30 04208428 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 04208428 bus:Director3 2023-05-01 2024-04-30 04208428 bus:Director5 2023-05-01 2024-04-30 04208428 bus:Director6 2023-05-01 2024-04-30 04208428 bus:Director7 2023-05-01 2024-04-30 04208428 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04208428 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 04208428 bus:OrdinaryShareClass3 2023-05-01 2024-04-30 04208428 bus:OrdinaryShareClass4 2023-05-01 2024-04-30 04208428 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04208428 core:Buildings 2023-05-01 2024-04-30 04208428 core:FurnitureFittings 2023-05-01 2024-04-30 04208428 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04208428 core:LandBuildings core:ShortLeaseholdAssets 2023-05-01 2024-04-30 04208428 core:MotorVehicles 2023-05-01 2024-04-30 04208428 core:OfficeEquipment 2023-05-01 2024-04-30 04208428 core:PlantMachinery 2023-05-01 2024-04-30 04208428 countries:England 2023-05-01 2024-04-30 04208428 2023-04-30 04208428 core:FurnitureFittings 2023-04-30 04208428 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 04208428 core:LandBuildings core:ShortLeaseholdAssets 2023-04-30 04208428 core:MotorVehicles 2023-04-30 04208428 core:OfficeEquipment 2023-04-30 04208428 core:PlantMachinery 2023-04-30 04208428 2022-05-01 2023-04-30 04208428 2023-04-30 04208428 bus:OrdinaryShareClass1 2023-04-30 04208428 bus:OrdinaryShareClass2 2023-04-30 04208428 bus:OrdinaryShareClass3 2023-04-30 04208428 bus:OrdinaryShareClass4 2023-04-30 04208428 core:RetainedEarningsAccumulatedLosses 2023-04-30 04208428 core:ShareCapital 2023-04-30 04208428 core:SharePremium 2023-04-30 04208428 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-04-30 04208428 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-04-30 04208428 core:CurrentFinancialInstruments 2023-04-30 04208428 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04208428 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 04208428 core:FurnitureFittings 2023-04-30 04208428 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 04208428 core:LandBuildings core:ShortLeaseholdAssets 2023-04-30 04208428 core:MotorVehicles 2023-04-30 04208428 core:OfficeEquipment 2023-04-30 04208428 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04208428

CMB Water Limited

trading as Kingsdown Water

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

(filleted for filing purposes)

 

CMB Water Limited

trading as Kingsdown Water

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

CMB Water Limited

trading as Kingsdown Water

Company Information

Directors

W Bomer

M Bomer

SIH Bomer

BB Iverson

D Bomer

Company secretary

W Bomer

Registered office

Walmer Court Farm 466 Dover Road
Upper Walmer
Deal
Kent
CT14 7NA

 

CMB Water Limited

trading as Kingsdown Water

(Registration number: 04208428)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

580,147

621,068

Current assets

 

Stocks

5

379,873

397,036

Debtors

6

1,008,262

864,812

Cash at bank and in hand

 

668,784

718,193

 

2,056,919

1,980,041

Creditors: Amounts falling due within one year

7

(1,701,619)

(1,751,572)

Net current assets

 

355,300

228,469

Total assets less current liabilities

 

935,447

849,537

Creditors: Amounts falling due after more than one year

7

(29,487)

(9,792)

Provisions for liabilities

(39,981)

(46,087)

Net assets

 

865,979

793,658

Capital and reserves

 

Called up share capital

8

2,601

2,601

Share premium reserve

999

999

Retained earnings

862,379

790,058

Shareholders' funds

 

865,979

793,658

 

CMB Water Limited

trading as Kingsdown Water

(Registration number: 04208428)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 August 2024 and signed on its behalf by:
 

.........................................
W Bomer
Company secretary and director

.........................................
M Bomer
Director

.........................................
BB Iverson
Director

 

CMB Water Limited

trading as Kingsdown Water

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Walmer Court Farm 466 Dover Road
Upper Walmer
Deal
Kent
CT14 7NA

These financial statements were authorised for issue by the Board on 2 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CMB Water Limited

trading as Kingsdown Water

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold

Over the period of the lease

Plant and machinery

15% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

CMB Water Limited

trading as Kingsdown Water

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

CMB Water Limited

trading as Kingsdown Water

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 19).

 

CMB Water Limited

trading as Kingsdown Water

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

68,335

30,700

43,181

1,408,101

48,498

119,415

1,718,230

Additions

-

-

343

5,595

7,317

83,236

96,491

Disposals

-

-

-

(4,963)

(32,742)

(88,265)

(125,970)

At 30 April 2024

68,335

30,700

43,524

1,408,733

23,073

114,386

1,688,751

Depreciation

At 1 May 2023

30,404

7,675

35,611

900,791

40,178

81,878

1,096,537

Charge for the year

751

7,675

1,978

76,925

3,322

26,028

116,679

Eliminated on disposal

-

-

-

(4,494)

(30,392)

(69,726)

(104,612)

At 30 April 2024

31,155

15,350

37,589

973,222

13,108

38,180

1,108,604

Carrying amount

At 30 April 2024

37,180

15,350

5,935

435,511

9,965

76,206

580,147

At 30 April 2023

37,931

23,025

7,570

507,310

8,320

36,912

621,068

 

CMB Water Limited

trading as Kingsdown Water

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Included within the net book value of land and buildings above is £37,180 (2023 - £37,932) in respect of freehold land and buildings and £15,350 (2023 - £23,025) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

379,873

397,036

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

915,602

847,501

Amounts owed by related parties

6,826

7,311

Prepayments

 

85,834

10,000

   

1,008,262

864,812

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

12,253

138,604

Trade creditors

 

1,183,464

1,113,715

Other related parties

4,285

7,330

Taxation and social security

 

103,097

125,767

Other creditors

 

398,520

366,156

 

1,701,619

1,751,572

Due after one year

 

Loans and borrowings

9

29,487

9,792

 

CMB Water Limited

trading as Kingsdown Water

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2,001

2,001

2,001

2,001

Ordinary A shares of £1 each

200

200

200

200

Ordinary B shares of £1 each

200

200

200

200

Ordinary C shares of £1 each

200

200

200

200

 

2,601

2,601

2,601

2,601

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Hire purchase contracts

12,253

138,604

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £12,253 (2023 - £138,604).

2024
£

2023
£

Non-current loans and borrowings

Hire purchase contracts

29,487

9,792


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £29,487 (2023 - £9,792).

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £193,434 (2023 - £300,413). As at 30 April 2024 the company had annual commitments of £52,500 (2023 - £94,500) under non-cancellable operating lease for the use of land and building, annual commitments of £12,480 (2023 - £12,480) under non-cancellable operating lease for plant and machinery.