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REGISTERED NUMBER: 07836902 (England and Wales)















CGMD LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






CGMD LTD (REGISTERED NUMBER: 07836902)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CGMD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: C Durbin
G Durbin
M Durbin





REGISTERED OFFICE: Unit 19 Polo Grounds Industrial Estate
New Inn
Pontypool
Torfaen
NP4 0TW





REGISTERED NUMBER: 07836902 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

CGMD LTD (REGISTERED NUMBER: 07836902)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,427 36,784
Investments 6 36,130 35,110
65,557 71,894

CURRENT ASSETS
Debtors 7 341,406 168,228
Cash at bank 122,059 104,185
463,465 272,413
CREDITORS
Amounts falling due within one year 8 245,391 52,515
NET CURRENT ASSETS 218,074 219,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,631

291,792

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 283,531 291,692
SHAREHOLDERS' FUNDS 283,631 291,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CGMD LTD (REGISTERED NUMBER: 07836902)

BALANCE SHEET - continued
30TH APRIL 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th January 2025 and were signed on its behalf by:





G Durbin - Director


CGMD LTD (REGISTERED NUMBER: 07836902)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

CGMD 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 2012, is being amortised evenly over its estimated useful life of ten 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


CGMD LTD (REGISTERED NUMBER: 07836902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 95 (2023 - 93 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 400,000
AMORTISATION
At 1st May 2023
and 30th April 2024 400,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

CGMD LTD (REGISTERED NUMBER: 07836902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st May 2023
and 30th April 2024 15,406 42,900 52,211 110,517
DEPRECIATION
At 1st May 2023 7,538 33,332 32,863 73,733
Charge for year 1,573 1,914 3,870 7,357
At 30th April 2024 9,111 35,246 36,733 81,090
NET BOOK VALUE
At 30th April 2024 6,295 7,654 15,478 29,427
At 30th April 2023 7,868 9,568 19,348 36,784

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2023 35,110
Additions 1,020
At 30th April 2024 36,130
NET BOOK VALUE
At 30th April 2024 36,130
At 30th April 2023 35,110

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 223,596 168,228
Other debtors 16,833 -
Directors' current accounts 99,877 -
Prepayments 1,100 -
341,406 168,228

CGMD LTD (REGISTERED NUMBER: 07836902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation Tax 58,107 20,051
Social security and other taxes 38,176 13,424
Other creditors 145,193 13,792
Directors' current accounts - 1,623
Accrued expenses 3,915 3,625
245,391 52,515

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
100 100

10. RELATED PARTY DISCLOSURES

At the 30th April 2024 the company was owed by C Durbin £49,877 (2023 - £123 owed to C Durbin).

At the 30th April 2024 the company was owed by G Durbin £50,000 (2023 - £nil).

At the 30th April 2024 the company owed to M Durbin £nil (2023 - £1,500).