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REGISTERED NUMBER: 10711691 (England and Wales)















Financial Statements for the Year Ended 28th February 2024

for

CQM THIRD LTD

CQM THIRD LTD (REGISTERED NUMBER: 10711691)






Contents of the Financial Statements
FOR THE YEAR ENDED 28TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CQM THIRD LTD

Company Information
FOR THE YEAR ENDED 28TH FEBRUARY 2024







DIRECTOR: Mr Kamran Saeed





REGISTERED OFFICE: 9 Hind Close
Chigwell
United Kingdom
IG7 4EA





REGISTERED NUMBER: 10711691 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

CQM THIRD LTD (REGISTERED NUMBER: 10711691)

Balance Sheet
28TH FEBRUARY 2024

28/2/24 28/2/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,000 5,000
Tangible assets 5 36,828 38,848
40,828 43,848

CURRENT ASSETS
Stocks 3,120 2,980
Debtors 6 167,483 122,296
Cash at bank and in hand 3,855 8,530
174,458 133,806
CREDITORS
Amounts falling due within one year 7 (185,908 ) (166,537 )
NET CURRENT LIABILITIES (11,450 ) (32,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,378

11,117

CREDITORS
Amounts falling due after more than one
year

8

(29,469

)

(40,836

)

PROVISIONS FOR LIABILITIES (35,260 ) (30,561 )
NET LIABILITIES (35,351 ) (60,280 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (35,352 ) (60,281 )
SHAREHOLDERS' FUNDS (35,351 ) (60,280 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

CQM THIRD LTD (REGISTERED NUMBER: 10711691)

Balance Sheet - continued
28TH FEBRUARY 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 30th November 2024 and were signed by:





Mr Kamran Saeed - Director


CQM THIRD LTD (REGISTERED NUMBER: 10711691)

Notes to the Financial Statements
FOR THE YEAR ENDED 28TH FEBRUARY 2024

1. STATUTORY INFORMATION

Cqm Third Ltd 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 2017, is being amortised evenly over its estimated useful life of five 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 10% on reducing balance
Fixtures and fittings - 10% 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.

CQM THIRD LTD (REGISTERED NUMBER: 10711691)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st March 2023
and 28th February 2024 5,000 10,000 15,000
AMORTISATION
At 1st March 2023 5,000 5,000 10,000
Charge for year - 1,000 1,000
At 28th February 2024 5,000 6,000 11,000
NET BOOK VALUE
At 28th February 2024 - 4,000 4,000
At 28th February 2023 - 5,000 5,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 69,929
Additions 2,244
At 28th February 2024 72,173
DEPRECIATION
At 1st March 2023 31,081
Charge for year 4,264
At 28th February 2024 35,345
NET BOOK VALUE
At 28th February 2024 36,828
At 28th February 2023 38,848

CQM THIRD LTD (REGISTERED NUMBER: 10711691)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/24 28/2/23
£    £   
Trade debtors 1,264 2,205
Amounts owed by group undertakings 166,219 120,091
167,483 122,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/24 28/2/23
£    £   
Bank loans and overdrafts 6,164 5,889
Trade creditors 33,172 32,632
Amounts owed to group undertakings 34,788 34,788
Taxation and social security 12,393 18,437
Other creditors 99,391 74,791
185,908 166,537

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/24 28/2/23
£    £   
Bank loans 29,469 40,836