Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseManagement of real estate on a fee or contract basis22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08884702 2023-04-01 2024-03-31 08884702 2022-04-01 2023-03-31 08884702 2024-03-31 08884702 2023-03-31 08884702 c:Director1 2023-04-01 2024-03-31 08884702 d:FurnitureFittings 2023-04-01 2024-03-31 08884702 d:FurnitureFittings 2024-03-31 08884702 d:FurnitureFittings 2023-03-31 08884702 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08884702 d:CurrentFinancialInstruments 2024-03-31 08884702 d:CurrentFinancialInstruments 2023-03-31 08884702 d:Non-currentFinancialInstruments 2024-03-31 08884702 d:Non-currentFinancialInstruments 2023-03-31 08884702 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08884702 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08884702 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08884702 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08884702 d:UKTax 2023-04-01 2024-03-31 08884702 d:UKTax 2022-04-01 2023-03-31 08884702 d:ShareCapital 2024-03-31 08884702 d:ShareCapital 2023-03-31 08884702 d:RetainedEarningsAccumulatedLosses 2024-03-31 08884702 d:RetainedEarningsAccumulatedLosses 2023-03-31 08884702 c:FRS102 2023-04-01 2024-03-31 08884702 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08884702 c:FullAccounts 2023-04-01 2024-03-31 08884702 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08884702 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08884702









CPM SURVEYORS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CPM SURVEYORS LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CPM SURVEYORS LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CPM Surveyors Ltd for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of CPM Surveyors Ltd in accordance with the terms of our engagement letter dated 12 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of CPM Surveyors Ltd and state those matters that we have agreed to state to the director of CPM Surveyors Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CPM Surveyors Ltd and its director for our work or for this report. 

It is your duty to ensure that CPM Surveyors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CPM Surveyors Ltd. You consider that CPM Surveyors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of CPM Surveyors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP

18 December 2024

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
730
974

  
730
974

Current assets
  

Debtors: amounts falling due within one year
 6 
11,317
22,099

Cash at bank and in hand
 7 
100,557
69,658
Page 1

 
CPM SURVEYORS LTD
 
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


  
111,874
91,757

Creditors: amounts falling due within one year
 8 
(90,435)
(73,941)

Net current assets
  
 
 
21,439
 
 
17,816

Total assets less current liabilities
  
22,169
18,790

Creditors: amounts falling due after more than one year
 9 
(3,205)
(9,615)

  

Net assets
  
18,964
9,175

Page 2

 
CPM SURVEYORS LTD
REGISTERED NUMBER: 08884702
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
18,963
9,174

  
18,964
9,175


Page 3

 
CPM SURVEYORS LTD
REGISTERED NUMBER: 08884702
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 December 2024.




Mr Mohammed Basharat
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
CPM SURVEYORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

CPM Surveyors Ltd is a company limited by shares incorporated in England within the United Kingdom, having a registration of 08884702. The address of the registered office is 77 Francis Road, Edgbaston, Birmngham B16 8SP. The principal activity of the company in the year under review was that of being chartered surveyors.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 5

 
CPM SURVEYORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
CPM SURVEYORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
CPM SURVEYORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
2,354
1,793


2,354
1,793


Total current tax
2,354
1,793

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
2,354
1,793

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 19% (2023 - 19%) as set out below:

2024
2023
£
£


Profit on ordinary activities before tax
12,143
9,196


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)
2,308
1,747

Effects of:


Capital allowances for year in excess of depreciation
46
46

Total tax charge for the year
2,354
1,793


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 8

 
CPM SURVEYORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
1,218



At 31 March 2024

1,218



Depreciation


At 1 April 2023
244


Charge for the year on owned assets
244



At 31 March 2024

488



Net book value



At 31 March 2024
730



At 31 March 2023
974


6.


Debtors

2024
2023
£
£


Other debtors
11,317
22,099

11,317
22,099



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
100,557
69,658

100,557
69,658


Page 9

 
CPM SURVEYORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,150
153

Corporation tax
2,354
2,942

Other taxation and social security
-
172

Other creditors
65,310
51,053

Accruals and deferred income
19,621
19,621

90,435
73,941



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,205
9,615

3,205
9,615



10.


Related party transactions

Mohammed Basharat is a director and shareholder of the company. 
During the period the director provided loans of £12,646 to the company. As at the balance sheet date, the company owed the director £63,699 (2023: £51,053)  which is shown in creditors due within one year. 
The above balances are payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

 
Page 10