REGISTERED NUMBER: 09340015 (England and Wales)

C & M WHOLESALE (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Tangible assets

4

2,568

3,021

CURRENT ASSETS

Stocks

5

13,100

9,050

Debtors

6

136,348

135,137

Cash at bank and in hand

126,168

93,822

275,616

238,009

CREDITORS

Amounts falling due within one year

7

92,906

73,002

NET CURRENT ASSETS

182,710

165,007

TOTAL ASSETS LESS CURRENT LIABILITIES

185,278

168,028

CREDITORS

Amounts falling due after more than one year

8

(23,795

)

(29,351

)

PROVISIONS FOR LIABILITIES

9

-

(574

)

NET ASSETS

161,483

138,103

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

161,383

138,003

SHAREHOLDERS' FUNDS

161,483

138,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:

Mr Y E Friedman - Director

1.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

5,702

DEPRECIATION

At 1 January 2024

2,681

Charge for year

453

At 31 December 2024

3,134

NET BOOK VALUE

At 31 December 2024

2,568

At 31 December 2023

3,021

5.

STOCKS

2024

2023

£

£

Stocks

13,100

9,050

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

54,348

58,137

Other debtors

82,000

77,000

136,348

135,137

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

36,697

31,408

Taxation and social security

15,452

13,414

Other creditors

35,201

22,624

92,906

73,002

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

23,795

29,351

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalments

1,571

7,127

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

-

574

Deferred

tax

£

Balance at 1 January 2024

574

Credit to Profit and Loss Account during year

(574

)

Balance at 31 December 2024

-

The provision for deferred tax is in respect of accelerated capital allowances.

10.	RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £77,000 (2023: £77,000) due from a related company under common control.