Company registration number 09317485 (England and Wales)
CLM TRADING COMPANY LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2025
Pages For Filing With Registrar
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
4 - 8
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Balance Sheet
As At 30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
42,331
34,133
Investments
5
50
50
42,381
34,183
Current assets
Debtors
6
503,202
449,616
Cash at bank and in hand
110,687
155,994
613,889
605,610
Creditors: amounts falling due within one year
7
(523,076)
(438,732)
Net current assets
90,813
166,878
Total assets less current liabilities
133,194
201,061
Creditors: amounts falling due after more than one year
8
(844)
(10,842)
Provisions for liabilities
(23,513)
(23,513)
Net assets
108,837
166,706
Capital and reserves
Called up share capital
102
102
Profit and loss reserves
108,735
166,604
Total equity
108,837
166,706
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Balance Sheet (Continued)
As At 30 April 2025
- 2 -
For the financial year ended 30 April 2025 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 August 2025 and are signed on its behalf by:
Mr K Jay
Director
Company registration number 09317485 (England and Wales)
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Statement Of Changes In Equity
For The Year Ended 30 April 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2023
101
303,794
303,895
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
485,234
485,234
Issue of share capital
1
-
1
Dividends
-
(622,424)
(622,424)
Balance at 30 April 2024
102
166,604
166,706
Year ended 30 April 2025:
Profit and total comprehensive income for the year
-
452,031
452,031
Dividends
-
(509,900)
(509,900)
Balance at 30 April 2025
102
108,735
108,837
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Notes To The Financial Statements
For The Year Ended 30 April 2025
- 4 -
1
Accounting policies
Company information
CLM Trading Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chavereys Limited, The Goods Shed, Jubilee Way, Faversham, Kent, England, ME13 8GD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Office equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
1
Accounting policies
(Continued)
- 5 -
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.6
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
1
Accounting policies
(Continued)
- 6 -
1.8
Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.11
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
19
18
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2024
79,487
Additions
21,163
Disposals
(274)
At 30 April 2025
100,376
Depreciation and impairment
At 1 May 2024
45,354
Depreciation charged in the year
12,854
Eliminated in respect of disposals
(163)
At 30 April 2025
58,045
Carrying amount
At 30 April 2025
42,331
At 30 April 2024
34,133
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
50
50
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
369,665
372,155
Other debtors
133,537
77,461
503,202
449,616
CLM Trading Company Limited
CLM TRADING COMPANY LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 April 2025
- 8 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9,998
9,998
Trade creditors
16,570
21,906
Corporation tax
244,472
171,594
Other taxation and social security
112,266
109,534
Other creditors
106,127
95,063
Accruals and deferred income
33,643
30,637
523,076
438,732
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
844
10,842
9
Related party transactions
At the year end £36,269 (2024: £15,323) was due to a company which owns shares in CLM Trading Company Limited, and which has a mutual director. No interest was charged on the outstanding loan balance.
At the year end, £29,541 (2024: £37,992) was due to a company which owns shares in CLM Trading Company Limited, and which has a mutual director. No interest was charged on the outstanding loan balance.
At the year end, £29,390 (2024: £37,368) was due to a company which owns shares in CLM Trading Company Limited, and which a former director of CLM is a director. No interest was charged on the outstanding loan balance.
At the year end, £5,503 was due to (2024: £3,489 was due from) a company which owns shares in CLM Trading Company Limited, and which has a mutual director. No interest was charged on the outstanding loan balance.
At the year end, £5,425 (2024: £7,869) was due to a company which owns shares in CLM trading company, and which has a mutual director. No interest was charged on the outstanding loan balance.
10
Operating lease commitments
As lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
Total commitments
158,399
187,643