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COMPANY REGISTRATION NUMBER: 11768996
C M INTERIORS (LEEDS) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 January 2024
C M INTERIORS (LEEDS) LIMITED
STATEMENT OF FINANCIAL POSITION
28 January 2024
28 Jan 24
29 Jan 23
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
13,732
20,600
CURRENT ASSETS
Debtors
6
81,101
40,376
Cash at bank and in hand
6,591
9,848
--------
--------
87,692
50,224
CREDITORS: amounts falling due within one year
7
( 79,131)
( 45,059)
--------
--------
NET CURRENT ASSETS
8,561
5,165
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
22,293
25,765
CREDITORS: amounts falling due after more than one year
8
( 15,514)
( 25,402)
PROVISIONS
( 69)
--------
--------
NET ASSETS
6,710
363
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
6,610
263
-------
----
SHAREHOLDERS FUNDS
6,710
363
-------
----
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 28 January 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 .
C M INTERIORS (LEEDS) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 January 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
C M Metcalf
Director
Company registration number: 11768996
C M INTERIORS (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 30 JANUARY 2023 TO 28 JANUARY 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 43 Belvedere Court, Leeds, West Yorkshire, LS17 8NF.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied, inclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
20% straight line
Equipment
-
33% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TAX ON PROFIT
Major components of tax expense
Period from
Period from
30 Jan 23 to
31 Jan 22 to
28 Jan 24
29 Jan 23
£
£
Current tax:
UK current tax expense
10,879
8,334
Adjustments in respect of prior periods
1,270
--------
-------
Total current tax
12,149
8,334
--------
-------
Deferred tax:
Origination and reversal of timing differences
69
( 103)
--------
-------
Tax on profit
12,218
8,231
--------
-------
5. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 30 January 2023 and 28 January 2024
728
33,421
1,619
35,768
----
--------
-------
--------
Depreciation
At 30 January 2023
182
13,369
1,617
15,168
Charge for the period
182
6,684
2
6,868
----
--------
-------
--------
At 28 January 2024
364
20,053
1,619
22,036
----
--------
-------
--------
Carrying amount
At 28 January 2024
364
13,368
13,732
----
--------
-------
--------
At 29 January 2023
546
20,052
2
20,600
----
--------
-------
--------
6. DEBTORS
28 Jan 24
29 Jan 23
£
£
Other debtors
81,101
40,376
--------
--------
7. CREDITORS: amounts falling due within one year
28 Jan 24
29 Jan 23
£
£
Bank loans and overdrafts
2,272
3,000
Trade creditors
31,947
6,940
Corporation tax
34,038
24,734
Social security and other taxes
4,403
4,064
Other creditors
6,471
6,321
--------
--------
79,131
45,059
--------
--------
8. CREDITORS: amounts falling due after more than one year
28 Jan 24
29 Jan 23
£
£
Bank loans and overdrafts
6,971
Other creditors
15,514
18,431
--------
--------
15,514
25,402
--------
--------