Registered number
10315324
CM Adjusters Ltd
Filleted Accounts (unaudited)
31 August 2024
CM Adjusters Ltd
Registered number: 10315324
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,174 5,027
Current assets
Debtors 4 20,644 20,111
Cash at bank and in hand 194,734 151,616
215,378 171,727
Creditors: amounts falling due within one year 5 (36,712) (37,739)
Net current assets 178,666 133,988
Total assets less current liabilities 183,840 139,015
Provisions for liabilities (983) (955)
Net assets 182,857 138,060
Capital and reserves
Called up share capital 100 100
Profit and loss account 182,757 137,960
Shareholder's funds 182,857 138,060
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K C Morris
Director
Approved by the board on 26 May 2025
CM Adjusters Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures, fittings 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Equipment, fixtures & fittings
£
Cost
At 1 September 2023 7,843
Additions 1,059
At 31 August 2024 8,902
Depreciation
At 1 September 2023 2,816
Charge for the year 912
At 31 August 2024 3,728
Net book value
At 31 August 2024 5,174
At 31 August 2023 5,027
4 Debtors 2024 2023
£ £
Trade debtors 20,644 20,111
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 11,367 14,263
Other taxes and social security costs 4,638 4,123
Other creditors 20,707 19,353
36,712 37,739
6 Transactions with the director
The company afforded its director the facility of a current account during the year. Movements on this account are given below in summary form;
2024
£
Due to the director as at 01/09/23 17,839
This year's dividend credited this year 1,000
Use of home credited 780
Personal items (267)
Due to the director as at 31/08/23 19,352
7 Other information
CM Adjusters Ltd is a private company limited by shares and incorporated in Wales. Its registered office is:
77 The Maltings
Pontprennau
Cardiff
South Glamorgan
CF23 8EQ
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