Company Registration No. 12058667 (England and Wales)
C&M MERCHANTS & HIRE LTD
Unaudited accounts
for the year ended 30 June 2024
C&M MERCHANTS & HIRE LTD
Unaudited accounts
Contents
C&M MERCHANTS & HIRE LTD
Company Information
for the year ended 30 June 2024
Company Number
12058667 (England and Wales)
Registered Office
84-86 Reddish Road
Stockport
SK5 7QJ
England
Accountants
Enso Accountants Ltd
189c Mauldeth Road
Manchester
M191BA
C&M MERCHANTS & HIRE LTD
Statement of financial position
as at 30 June 2024
Tangible assets
6,290
8,731
Inventories
104,323
106,382
Cash at bank and in hand
17,621
3,639
Creditors: amounts falling due within one year
(117,870)
(118,823)
Net current assets
27,297
34,998
Profit and loss account
33,587
43,729
Shareholders' funds
33,587
43,729
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Michael Burgess
Director
Company Registration No. 12058667
C&M MERCHANTS & HIRE LTD
Notes to the Accounts
for the year ended 30 June 2024
C&M MERCHANTS & HIRE LTD is a private company, limited by shares, registered in England and Wales, registration number 12058667. The registered office is 84-86 Reddish Road, Stockport, SK5 7QJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors have carefully reviewed the company's current financial position, future cash flows, and the availability of financing, and they have assessed the company's ability to meet its obligations as they fall due.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 5 Years
Computer equipment
Straight Line 5 Years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
C&M MERCHANTS & HIRE LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
11,756
452
12,208
At 30 June 2024
11,756
452
12,208
At 1 July 2023
3,123
354
3,477
Charge for the year
2,351
90
2,441
At 30 June 2024
5,474
444
5,918
At 30 June 2024
6,282
8
6,290
At 30 June 2023
8,633
98
8,731
Amounts falling due within one year
Trade debtors
13,739
26,781
Other debtors
9,484
17,019
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
32,685
32,047
Trade creditors
41,365
49,685
Taxes and social security
19,287
19,447
Loans from directors
2,952
-
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).