Registered number
08659479
College of Contract Management United Kingdom Ltd
Filleted Accounts
31 August 2024
College of Contract Management United Kingdom Ltd
Registered number: 08659479
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 966,005 36,100
Tangible assets 4 2,895 6,631
968,900 42,731
Current assets
Debtors 5 16,244 13,943
Cash at bank and in hand 1,892,122 1,417,408
1,908,366 1,431,351
Creditors: amounts falling due within one year 6 (1,163,058) (96,931)
Net current assets 745,308 1,334,420
Total assets less current liabilities 1,714,208 1,377,151
Creditors: amounts falling due after more than one year 7 (1,531,926) (1,198,983)
Net assets 182,282 178,168
Capital and reserves
Called up share capital 25 25
Revaluation reserve 72,200 72,200
Profit and loss account 110,057 105,943
Shareholders' funds 182,282 178,168
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Roomy Rizath Abdul Razack
Director
Approved by the board on 30 May 2025
College of Contract Management United Kingdom 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.
Intangible fixed assets
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated useful economic life of 10 years.
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:
Plant and machinery 10% straight line
Fixtures and fittings 33% straight line
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023 72,200
Additions 1,041,250
At 31 August 2024 1,113,450
Amortisation
At 1 September 2023 36,100
Provided during the year 111,345
At 31 August 2024 147,445
Net book value
At 31 August 2024 966,005
At 31 August 2023 36,100
4 Tangible fixed assets
Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 1 September 2023 3,340 14,197 17,537
Additions - 549 549
At 31 August 2024 3,340 14,746 18,086
Depreciation
At 1 September 2023 3,126 7,780 10,906
Charge for the year 214 4,071 4,285
At 31 August 2024 3,340 11,851 15,191
Net book value
At 31 August 2024 - 2,895 2,895
At 31 August 2023 214 6,417 6,631
5 Debtors 2024 2023
£ £
Amounts owed by related parties 16,132 13,943
Other debtors 112 -
16,244 13,943
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 49,203 49,203
Corporation tax 55,035 25,059
Taxation and social security costs - 2,584
VAT 13,463 12,742
Other creditors 189 593
Net wages 3,303 6,135
Accruals and deferred income 350 350
Director's loan accounts 1,041,515 265
1,163,058 96,931
7 Creditors: amounts falling due after one year 2024 2023
£ £
Accruals and deferred income 1,531,926 1,198,983
8 Other information
College of Contract Management United Kingdom Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 St. Georges Yard
Farnham
GU9 7LW
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