Company registration number 04812217 (England and Wales)
CMT FLOORING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CMT FLOORING LIMITED
CONTENTS
Page
Balance sheet
2
Statement of changes in equity
1
Notes to the financial statements
3 - 6
CMT FLOORING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2022
100
155,540
155,640
Year ended 31 March 2023:
Profit and total comprehensive income
-
56,484
56,484
Dividends
-
(30,000)
(30,000)
Balance at 31 March 2023
100
182,024
182,124
Year ended 31 March 2024:
Profit and total comprehensive income
-
56,954
56,954
Dividends
-
(25,000)
(25,000)
Balance at 31 March 2024
100
213,978
214,078
CMT FLOORING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,834
4,963
Current assets
Stock
12,111
10,868
Debtors
5
149,035
173,352
Cash at bank and in hand
106,430
151,827
267,576
336,047
Creditors: amounts falling due within one year
6
(56,091)
(157,645)
Net current assets
211,485
178,402
Total assets less current liabilities
215,319
183,365
Provisions for liabilities
7
(1,241)
(1,241)
Net assets
214,078
182,124
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
213,978
182,024
Total equity
214,078
182,124

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 25 September 2024
Mr C M Tarmey
Director
Company Registration No. 04812217
CMT FLOORING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

CMT Flooring Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, B44 8LS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of services provided to date, based on a relevant proportion of the total expected consideration at completion.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is fully amortised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
33% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stock

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

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CMT FLOORING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year, calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
47,316
Amortisation and impairment
At 1 April 2023 and 31 March 2024
47,316
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
CMT FLOORING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
22,900
548
1,091
13,384
37,923
Depreciation and impairment
At 1 April 2023
20,977
229
897
10,857
32,960
Depreciation charged in the year
385
48
63
633
1,129
At 31 March 2024
21,362
277
960
11,490
34,089
Carrying amount
At 31 March 2024
1,538
271
131
1,894
3,834
At 31 March 2023
1,923
319
194
2,527
4,963
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
45,125
36,497
Other debtors
103,910
136,855
149,035
173,352
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,653
513
Trade creditors
488
4,722
Taxation and social security
18,460
16,393
Other creditors
35,490
136,017
56,091
157,645
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
1,241
1,241
CMT FLOORING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
CMT Rentals Limited
100,000
100,000

CMT Rentals Limited is related to the company because it is under the common control of the director.

2024-03-312023-04-01false25 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr Carl Martin TarmeyMrs P C Tarmeyfalsefalse048122172023-04-012024-03-3104812217core:ShareCapital2022-03-3104812217core:RetainedEarningsAccumulatedLosses2022-03-3104812217core:ShareCapital2023-03-3104812217core:RetainedEarningsAccumulatedLosses2023-03-31048122172023-03-3104812217core:ShareCapital2024-03-3104812217core:RetainedEarningsAccumulatedLosses2024-03-31048122172024-03-3104812217core:RetainedEarningsAccumulatedLosses2022-04-012023-03-31048122172022-04-012023-03-3104812217core:RetainedEarningsAccumulatedLosses2023-04-012024-03-3104812217core:PlantMachinery2024-03-3104812217core:FurnitureFittings2024-03-3104812217core:ComputerEquipment2024-03-3104812217core:MotorVehicles2024-03-3104812217core:PlantMachinery2023-03-3104812217core:FurnitureFittings2023-03-3104812217core:ComputerEquipment2023-03-3104812217core:MotorVehicles2023-03-3104812217core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3104812217core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104812217core:CurrentFinancialInstruments2024-03-3104812217core:CurrentFinancialInstruments2023-03-3104812217bus:Director12023-04-012024-03-3104812217core:Goodwill2023-04-012024-03-3104812217core:PlantMachinery2023-04-012024-03-3104812217core:FurnitureFittings2023-04-012024-03-3104812217core:ComputerEquipment2023-04-012024-03-3104812217core:MotorVehicles2023-04-012024-03-3104812217core:NetGoodwill2023-03-3104812217core:NetGoodwill2024-03-3104812217core:NetGoodwill2023-03-3104812217core:PlantMachinery2023-03-3104812217core:FurnitureFittings2023-03-3104812217core:ComputerEquipment2023-03-3104812217core:MotorVehicles2023-03-31048122172023-03-3104812217bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104812217bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104812217bus:FRS1022023-04-012024-03-3104812217bus:AuditExemptWithAccountantsReport2023-04-012024-03-3104812217bus:CompanySecretary12023-04-012024-03-3104812217bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP