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COMPANY REGISTRATION NUMBER: 10436140
CRM Global Limited
Filleted Unaudited Financial Statements
31 March 2024
CRM Global Limited
Statement of Financial Position
31 March 2024
31 Mar 24
28 Feb 23
Note
£
£
Current assets
Stocks
71,620
41,295
Debtors
4
585,598
438,787
Cash at bank and in hand
162,859
52,019
---------
---------
820,077
532,101
Creditors: amounts falling due within one year
5
715,672
484,723
---------
---------
Net current assets
104,405
47,378
---------
--------
Total assets less current liabilities
104,405
47,378
---------
--------
Net assets
104,405
47,378
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
104,305
47,278
---------
--------
Shareholders funds
104,405
47,378
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
Mr VM Ratanpara
Director
Company registration number: 10436140
CRM Global Limited
Notes to the Financial Statements
Period from 1 March 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 221 Tooting High Street, London, SW17 0SZ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
31 Mar 24
28 Feb 23
£
£
Trade debtors
560,292
438,787
Other debtors
25,306
---------
---------
585,598
438,787
---------
---------
5. Creditors: amounts falling due within one year
31 Mar 24
28 Feb 23
£
£
Trade creditors
675,287
443,587
Corporation tax
14,885
10,542
Social security and other taxes
9,244
Other creditors
25,500
21,350
---------
---------
715,672
484,723
---------
---------