CMI GROUP LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04350301

CMI GROUP LIMITED

Filleted Unaudited Financial Statements

31 December 2024

CMI GROUP LIMITED

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	4		30,000	30,000

Current assets

Debtors	5	82,812	83,622
Cash at bank and in hand		289	291
		--------	--------
		83,101	83,913

Creditors: amounts falling due within one year	6	111,303		111,304
		---------		---------
Net current liabilities			28,202	27,391
			--------	--------
Total assets less current liabilities			1,798	2,609
			-------	-------
Net assets			1,798	2,609
			-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,698	2,509
	-------	-------
Shareholders funds	1,798	2,609
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CMI GROUP LIMITED

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr J West
Director

Company registration number: 04350301

CMI GROUP LIMITED

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 Syon Lane, Osterley, Middlesex, TW7 5NQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	30,000
	--------
Amortisation
At 1 January 2024 and 31 December 2024	–
	--------
Carrying amount
At 31 December 2024	30,000
	--------
At 31 December 2023	30,000
	--------

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	9,479	9,479
Other debtors	73,333	74,143
	--------	--------
	82,812	83,622
	--------	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Social security and other taxes	91	92
Other creditors	111,212	111,212
	---------	---------
	111,303	111,304
	---------	---------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2024	2023
	£	£
Mr J West	( 110,652)	( 110,652)
	---------	---------

8. Related party transactions

Mr J West controlled the company throughout the current period and previous year by virtue of his beneficial interest in 100% of the issued share capital. During the year company entered into transaction with the following companies in which Mr J West has a beneficial interest:

	Value of transaction during the year ended 31 Dec 24	Value of transaction during the year ended 31 Dec 23	Amount owed from/(to) at 31 December 2024	Amount owed from/(to) at 31 December 2023
	£	£	£	£
Sunfly Karaoke Ltd	150	10,289	8,355	8,505
Sunfly Music Group Ltd	660	–	60,200	60,860
Gung Ho Music Group Ltd	–	–	9,479	9,479
Sunfly Spain (Cristian Larosa)	–	–	4,778	4,778

The directors believe the transaction were at arms length.