REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
C E M INTERNATIONAL LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
C E M INTERNATIONAL LTD |
C E M INTERNATIONAL LTD (REGISTERED NUMBER: 04513974) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
C E M INTERNATIONAL LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Directors: |
Registered office: |
Registered number: |
Auditors: |
Elm House, Tanshire Park |
Shackleford Road |
Elstead |
Godalming |
Surrey |
GU8 6LB |
C E M INTERNATIONAL LTD (REGISTERED NUMBER: 04513974) |
BALANCE SHEET |
31 DECEMBER 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
(136,695 | ) | (90,024 | ) |
The financial statements were approved by the Board of Directors and authorised for issue on |
C E M INTERNATIONAL LTD (REGISTERED NUMBER: 04513974) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | Statutory information |
C E M International Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 04513974 and the registered office is |
Westmead House |
Westmead |
Farnborough |
GU14 7LP |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about C E M International 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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
C E M INTERNATIONAL LTD (REGISTERED NUMBER: 04513974) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 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. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at the transactions price. Any losses arising from impairment are recognised in the profit and loss account. |
Going concern |
The financial statements have been prepared on a going concern basis. |
The directors consider this to be appropriate as they have no reason to believe that the major shareholders, who are the main creditors of the company, will not continue to support the company for the foreseeable future. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 January 2024 |
and 31 December 2024 |
Depreciation |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 January 2024 |
and 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
C E M INTERNATIONAL LTD (REGISTERED NUMBER: 04513974) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
5. | Fixed asset investments - continued |
On 1 January 2021 the company acquired the entire share capital of 90 Ordinary Shares of CTI-CEM International Limited, a company registered in the Republic of Ireland with a registered office of 200 Grants Lane, Greenoge,Dublin. The investment is shown at the cost of £90. |
At 31 December 2024, the aggregate capital and reserves of the subsidiary were EUR 23,683 and its loss for the year was EUR 15,364. |
CEM International Limited has taken advantage of the exemption from producing consolidated accounts, provided by s.401 of the Companies Act 2006, on the grounds that its results are included in the consolidated accounts of Centre Testing International (HONG KONG) Co Ltd and are available from CTI Building, No. 4 Liuxian 3rd Road, Xin'an Sub-district, Bao'an District, Shenzhen. |
6. | Debtors: amounts falling due within one year |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
7. | Creditors: amounts falling due within one year |
31.12.24 | 31.12.23 |
£ | £ |
Trade creditors |
VAT | 2,450 | 1,732 |
Other creditors |
Shareholder's loans | 207,154 | 226,534 |
Directors' current accounts | 14,998 | 14,070 |
Accrued expenses |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary | £1 | 229,294 | 229,294 |
9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
C E M INTERNATIONAL LTD (REGISTERED NUMBER: 04513974) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
10. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023: |
31.12.24 | 31.12.23 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
No interest was payable on these loans. |
11. | Related party disclosures |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
12. | Control |
The company is controlled by Centre Testing International (Hong Kong) Co Limited - a publicly quoted company registered in the People's Republic of China, which owns 70% of the issued share capital in CEM International Ltd. |