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REGISTERED NUMBER: 12040027 (England and Wales)



















CMD TECHNOLOGY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CMD TECHNOLOGY LTD (REGISTERED NUMBER: 12040027)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


CMD TECHNOLOGY LTD (REGISTERED NUMBER: 12040027)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 704 295
Investments 5 60 60
764 355

CURRENT ASSETS
Debtors 6 5,497 1,973
Cash at bank 9,601 6,438
15,098 8,411
CREDITORS
Amounts falling due within one year 7 31,580 8,122
NET CURRENT (LIABILITIES)/ASSETS (16,482 ) 289
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,718

)

644

PROVISIONS FOR LIABILITIES 134 56
NET (LIABILITIES)/ASSETS (15,852 ) 588

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,952 ) 488
SHAREHOLDERS' FUNDS (15,852 ) 588

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

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

CMD TECHNOLOGY LTD (REGISTERED NUMBER: 12040027)

BALANCE SHEET - continued
30 JUNE 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 Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





Mr C M Drew - Director


CMD TECHNOLOGY LTD (REGISTERED NUMBER: 12040027)

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

1. STATUTORY INFORMATION

Cmd Technology Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12040027

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

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.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Cmd Technology Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from the provision of technology consultancy and is recognised when the services are delivered to the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

CMD TECHNOLOGY LTD (REGISTERED NUMBER: 12040027)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

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

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 1 (2023 - 1 ) .

CMD TECHNOLOGY LTD (REGISTERED NUMBER: 12040027)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 479 - 479
Additions - 600 600
At 30 June 2024 479 600 1,079
DEPRECIATION
At 1 July 2023 184 - 184
Charge for year 158 33 191
At 30 June 2024 342 33 375
NET BOOK VALUE
At 30 June 2024 137 567 704
At 30 June 2023 295 - 295

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 60
NET BOOK VALUE
At 30 June 2024 60
At 30 June 2023 60

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,047 1,973
Other debtors 3,450 -
5,497 1,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 12,769 2,849
Other creditors 18,811 5,273
31,580 8,122

CMD TECHNOLOGY LTD (REGISTERED NUMBER: 12040027)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr C M Drew
Balance outstanding at start of year (511 ) (6,871 )
Amounts advanced 91,500 133,948
Amounts repaid (87,539 ) (127,588 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,450 (511 )

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the director owed the company £3,450 (2023 - £510 was owed to the director).

Dividends amounting to £37,500 (2023 - £62,400) were paid to the director during the year.

Dividends amounting to £23,500 (2023 - £57,800) were paid to a close family member of the director during the year.

Trenchant Technologies Limited
A 60% subsidiary of CMD Technology Limited.

During the year the company entered into the following transactions:

Goods/services to: £24,800 (2023 - £24,200)

Dividends of £6,000 (2023 - £69,000) were received from Trenchant Technologies Limited during the year.

Management fees of £60,000 (2023 - £nil) were received from Trenchant Technologies Limited during the year.

Amount owed to related party at balance sheet date: £2,777 (2023 - £3,773).

No interest is payable on the loan and there are no agreed repayment terms.