Company Registration No. 04752549 (England and Wales)
Cimar (UK) Limited
Unaudited accounts
for the year ended 31 December 2024
Cimar (UK) Limited
Unaudited accounts
Contents
Cimar (UK) Limited
Company Information
for the year ended 31 December 2024
Directors
John Finn (Chairman)
Howard Jenkinson
Andrew Llewelyn
Company Number
04752549 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Cimar (UK) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
11,393
14,977
Cash at bank and in hand
1,743,722
1,183,038
Creditors: amounts falling due within one year
(1,180,437)
(698,419)
Net current assets
1,387,955
766,628
Total assets less current liabilities
1,399,348
781,605
Provisions for liabilities
Deferred tax
(2,279)
(2,996)
Net assets
1,397,069
778,609
Called up share capital
41,470
41,470
Share premium
1,663,859
1,663,859
Profit and loss account
(308,260)
(926,720)
Shareholders' funds
1,397,069
778,609
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 25 September 2025 and were signed on its behalf by
Howard Jenkinson
Director
Company Registration No. 04752549
Cimar (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
Cimar (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04752549. The registered office is 124 City Road, London, EC1V 2NX.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
33% 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.
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.
The directors believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the directors will be adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements.
Cimar (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
9,390
25,552
34,942
At 31 December 2024
9,390
27,101
36,491
At 1 January 2024
9,107
10,858
19,965
Charge for the year
71
5,062
5,133
At 31 December 2024
9,178
15,920
25,098
At 31 December 2024
212
11,181
11,393
At 31 December 2023
283
14,694
14,977
Amounts falling due within one year
Trade debtors
789,248
124,747
Accrued income and prepayments
34,392
-
Other debtors
1,030
157,262
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
36,444
39,541
Taxes and social security
32,635
34,209
Other creditors
5,767
6,332
Loans from directors
-
(120)
Deferred income
375,048
401,499
Allotted, called up and fully paid:
4,146,926 Ordinary shares of £0.01 each
41,469.26
41,469.26
At the year end the directors owed the company £0 (2023: £120).
9
Average number of employees
During the year the average number of employees was 15 (2023: 12).