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REGISTERED NUMBER: 02950076 (England and Wales)















CQMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CQMS LIMITED (REGISTERED NUMBER: 02950076)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


CQMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs E J Eaton
W P Eaton
Mrs K E Howe





SECRETARY: Mrs B M Bailey





REGISTERED OFFICE: The Clock
12-13 Westgate
Grantham
NG31 6LT





REGISTERED NUMBER: 02950076 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

CQMS LIMITED (REGISTERED NUMBER: 02950076)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,734 -
Tangible assets 5 41,993 73,301
70,727 73,301

CURRENT ASSETS
Debtors 6 330,485 354,336
Cash at bank and in hand 296,299 152,340
626,784 506,676
CREDITORS
Amounts falling due within one year 7 177,462 163,266
NET CURRENT ASSETS 449,322 343,410
TOTAL ASSETS LESS CURRENT LIABILITIES 520,049 416,711

CREDITORS
Amounts falling due after more than one year 8 (2,322 ) (16,895 )

PROVISIONS FOR LIABILITIES (5,678 ) (5,254 )
NET ASSETS 512,049 394,562

CAPITAL AND RESERVES
Called up share capital 10 55,000 55,000
Capital redemption reserve 17,101 17,101
Retained earnings 439,948 322,461
SHAREHOLDERS' FUNDS 512,049 394,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CQMS LIMITED (REGISTERED NUMBER: 02950076)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Mrs E J Eaton - Director


CQMS LIMITED (REGISTERED NUMBER: 02950076)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

CQMS Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

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.

Website costs are being amortised at 15% on reducing balance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position. 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.

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

CQMS LIMITED (REGISTERED NUMBER: 02950076)

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

2. ACCOUNTING POLICIES - continued

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.

Amounts recoverable under contracts
Services provided to clients during the year, which at the statement of financial position date have not been billed to clients, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the statement of financial position date as a proportion of the total value of the contract. Provision is made against unbilled amounts on those contracts where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors as amounts recoverable under contracts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 13,030
Reclassification/transfer 34,000
At 30 September 2024 47,030
AMORTISATION
Charge for year 4,581
Reclassification/transfer 13,715
At 30 September 2024 18,296
NET BOOK VALUE
At 30 September 2024 28,734

CQMS LIMITED (REGISTERED NUMBER: 02950076)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 69,301 18,923 44,990 133,214
Additions 10,740 - - 10,740
Disposals (9,267 ) - - (9,267 )
Reclassification/transfer (34,000 ) - - (34,000 )
At 30 September 2024 36,774 18,923 44,990 100,687
DEPRECIATION
At 1 October 2023 29,258 18,469 12,186 59,913
Charge for year 12,249 68 8,200 20,517
Eliminated on disposal (8,021 ) - - (8,021 )
Reclassification/transfer (13,715 ) - - (13,715 )
At 30 September 2024 19,771 18,537 20,386 58,694
NET BOOK VALUE
At 30 September 2024 17,003 386 24,604 41,993
At 30 September 2023 40,043 454 32,804 73,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 147,409 178,092
Other debtors 163,519 152,761
Prepayments and accrued income 19,557 23,483
330,485 354,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,573 14,166
Trade creditors 11,759 21,741
Other taxes and social security 109,577 92,854
Other creditors 24,885 25,436
Accruals and deferred income 16,668 9,069
177,462 163,266

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,322 16,895

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 16,895 31,061

CQMS LIMITED (REGISTERED NUMBER: 02950076)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
55,000 Ordinary £1 55,000 55,000

11. OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

20232023
££
Due in less than one year52,55031,640
Due between two and five years55,631-
Due in more than five years--
108,18165,656

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
W P Eaton
Balance outstanding at start of year - 7,377
Amounts repaid - (7,377 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs E J Eaton
Balance outstanding at start of year - 2,931
Amounts advanced - 8,083
Amounts repaid - (11,014 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs K E Howe
Balance outstanding at start of year - 3,042
Amounts repaid - (3,042 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above amounts are unsecured, repayable on demand and interest free.