Company Registration No. 06774033 (England and Wales)
CM Sports (UK) Limited
Unaudited accounts
for the year ended 31 December 2024
CM Sports (UK) Limited
Unaudited accounts
Contents
CM Sports (UK) Limited
Company Information
for the year ended 31 December 2024
Directors
M P Northcott
N Evans
L R White
Company Number
06774033 (England and Wales)
Registered Office
38 Ham Barn Farm
Farnham Road
Liss
GU33 6LG
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
CM Sports (UK) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
76,994
72,754
Investments
461,776
505,492
Cash at bank and in hand
213,404
82,275
Creditors: amounts falling due within one year
(153,918)
(130,296)
Net current assets
159,450
1,855
Total assets less current liabilities
698,220
580,101
Creditors: amounts falling due after more than one year
(3,423)
(13,426)
Net assets
694,797
566,675
Called up share capital
1,008
1,008
Profit and loss account
693,789
565,667
Shareholders' funds
694,797
566,675
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by
N Evans
Director
Company Registration No. 06774033
CM Sports (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
CM Sports (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 06774033. The registered office is 38 Ham Barn Farm, Farnham Road, Liss, GU33 6LG.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
CM Sports (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
72,932
74,145
3,489
6,563
157,129
Additions
355
29,550
-
-
29,905
At 31 December 2024
73,287
103,695
3,489
6,563
187,034
At 1 January 2024
46,755
30,047
3,112
4,461
84,375
Charge for the year
6,633
18,412
94
526
25,665
At 31 December 2024
53,388
48,459
3,206
4,987
110,040
At 31 December 2024
19,899
55,236
283
1,576
76,994
At 31 December 2023
26,177
44,098
377
2,102
72,754
5
Investments
Other investments
Valuation at 1 January 2024
505,492
Valuation at 31 December 2024
461,776
Amounts falling due within one year
Trade debtors
19,059
11,533
Accrued income and prepayments
5,917
13,646
Other debtors
74,988
24,697
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,739
10,739
Trade creditors
9,026
8,284
Taxes and social security
93,025
82,983
Other creditors
5,845
4,858
8
Creditors: amounts falling due after more than one year
2024
2023
CM Sports (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 36 (2023: 33).