Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282024-03-01Film production servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2false2truetruefalse 07517385 2024-03-01 2025-02-28 07517385 2023-03-01 2024-02-29 07517385 2025-02-28 07517385 2024-02-29 07517385 c:Director1 2024-03-01 2025-02-28 07517385 d:OfficeEquipment 2024-03-01 2025-02-28 07517385 d:OfficeEquipment 2025-02-28 07517385 d:OfficeEquipment 2024-02-29 07517385 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07517385 d:CurrentFinancialInstruments 2025-02-28 07517385 d:CurrentFinancialInstruments 2024-02-29 07517385 d:Non-currentFinancialInstruments 2025-02-28 07517385 d:Non-currentFinancialInstruments 2024-02-29 07517385 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 07517385 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07517385 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 07517385 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 07517385 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-02-28 07517385 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 07517385 d:ShareCapital 2025-02-28 07517385 d:ShareCapital 2024-02-29 07517385 d:RetainedEarningsAccumulatedLosses 2025-02-28 07517385 d:RetainedEarningsAccumulatedLosses 2024-02-29 07517385 c:OrdinaryShareClass1 2024-03-01 2025-02-28 07517385 c:OrdinaryShareClass1 2025-02-28 07517385 c:FRS102 2024-03-01 2025-02-28 07517385 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07517385 c:FullAccounts 2024-03-01 2025-02-28 07517385 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07517385 2 2024-03-01 2025-02-28 07517385 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07517385














CML SETS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
CML SETS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
CML SETS LIMITED
REGISTERED NUMBER:07517385

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
608
809

Current assets
  

Debtors: amounts falling due within one year
 5 
34,448
36,429

Cash at bank and in hand
  
2,834
4,146

  
37,282
40,575

  

Creditors: amounts falling due within one year
 6 
(36,067)
(35,035)

Net current assets
  
 
 
1,215
 
 
5,540

Total assets less current liabilities
  
1,823
6,349

Creditors: amounts falling due after more than one year
 7 
(1,412)
(5,580)

  

Net assets
  
411
769


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
311
669

  
411
769


Page 1

 
CML SETS LIMITED
REGISTERED NUMBER:07517385
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S B Bovingdon
Director

Date: 18 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CML SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

CML Sets Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD. 
The principal activity of the company was that of film production services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
CML SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4

 
CML SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2024
8,002



At 28 February 2025

8,002



Depreciation


At 1 March 2024
7,192


Charge for the year on owned assets
202



At 28 February 2025

7,394



Net book value



At 28 February 2025
608



At 29 February 2024
809


5.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
5,294
3,435

Other debtors
27,630
32,994

Prepayments and accrued income
1,524
-

34,448
36,429


Included within other debtors due within one year is a loan to a director, amounting to £27,630 (2024 -
£32,994). 

Page 5

 
CML SETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank loans
4,167
4,065

Trade creditors
3,398
3,031

Taxation and social security
25,747
25,874

Accruals and deferred income
2,755
2,065

36,067
35,035



7.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
1,412
5,580



8.


Loans


Analysis of the maturity of loans is given below:


28 February
29 February
2025
2024
£
£

Amounts falling due within one year

Bank loans
4,167
4,065


Amounts falling due 2-5 years

Bank loans
1,412
5,580


5,579
9,645



9.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 6