2023-07-012024-12-312024-12-31false10815563CITY M&E 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CITY M&E LTD

Registered Number
10815563
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

CITY M&E LTD
Company Information
for the period from 1 July 2023 to 31 December 2024

Directors

Billy Chambers
Charley Ann Kedar

Registered Address

Office 3 Godbolts Business Park
Coggeshall Road
Colchester
CO6 1HS

Registered Number

10815563 (England and Wales)
CITY M&E LTD
Balance Sheet as at
31 December 2024

Notes

31 Dec 2024

30 Jun 2023

£

£

£

£

Fixed assets
Tangible assets357,17655,879
57,17655,879
Current assets
Debtors4473,536973,229
Cash at bank and on hand563,768108,324
1,037,3041,081,553
Creditors amounts falling due within one year5(784,455)(756,733)
Net current assets (liabilities)252,849324,820
Total assets less current liabilities310,025380,699
Creditors amounts falling due after one year6(27,844)(90,733)
Provisions for liabilities8(10,154)(10,376)
Net assets272,027279,590
Capital and reserves
Called up share capital200200
Profit and loss account271,827279,390
Shareholders' funds272,027279,590
The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2025, and are signed on its behalf by:
Billy Chambers
Director
Registered Company No. 10815563
CITY M&E LTD
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings25
Plant and machinery25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year1310
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 July 234,47020,45948,08321,20294,214
Additions--17,2959,23126,526
At 31 December 244,47020,45965,37830,433120,740
Depreciation and impairment
At 01 July 233,1999,07117,2228,84338,335
Charge for year4774,27013,3747,10825,229
At 31 December 243,67613,34130,59615,95163,564
Net book value
At 31 December 247947,11834,78214,48257,176
At 30 June 231,27111,38830,86112,35955,879
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables302,401802,730
Other debtors166,139169,151
Prepayments and accrued income4,9961,348
Total473,536973,229
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables316,378650,469
Bank borrowings and overdrafts46,85075,600
Taxation and social security79,06221,498
Finance lease and HP contracts10,399-
Other creditors18,0699,166
Accrued liabilities and deferred income313,697-
Total784,455756,733
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,33390,733
Other creditors25,511-
Total27,84490,733
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts25,511-
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)10,15410,376
Total10,15410,376
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Billy Chambers71,849225,023222,51674,356
Interest is charged at 2.25% per annum on debit balances
71,849225,023222,51674,356
During the previous year a loan account subsisted between the company and the directors. B/fwd £67,092, Advances £99,279, Credits £94,522, C/fwd £71,849. Interest is charged at 2% per annum on debit balances.