Registration number: 08007271

SRC CMC Consulting Limited

(Registration number: 08007271)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	14,843	14,843
Other financial assets	4	100,250	100,250
		115,093	115,093
Current assets
Debtors	5	264,620	264,621
Cash at bank and in hand		10,183	10,183
		274,803	274,804
Creditors: Amounts falling due within one year	7	(83,316)	(83,316)
Net current assets		191,487	191,488
Total assets less current liabilities		306,580	306,581
Creditors: Amounts falling due after more than one year	7	(64,830)	(64,830)
Provisions for liabilities	8	(4,601)	(4,601)
Net assets		237,149	237,150
Capital and reserves
Called up share capital	9	1	1
Retained earnings		237,148	237,149
Shareholders' funds		237,149	237,150

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

SRC CMC Consulting Limited

(Registration number: 08007271)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 31 December 2025
 

......................................... Mr Sohail Chohan Director

SRC CMC Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
88 Dudley Road
Whalley Range
Manchester
Lancashire
M16 8BR
United Kingdom

These financial statements were authorised for issue by the director on 31 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

SRC CMC Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Reducing Balance Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SRC CMC Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

SRC CMC Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	44,292	44,292
At 31 March 2025	44,292	44,292
Depreciation
At 1 April 2024	29,449	29,449
At 31 March 2025	29,449	29,449
Carrying amount
At 31 March 2025	14,843	14,843
At 31 March 2024	14,843	14,843

4	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	100,250	100,250
At 31 March 2025	100,250	100,250
Impairment
Carrying amount
At 31 March 2025	100,250	100,250

SRC CMC Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

Current	Note	2025 £	2024 £
Other debtors		254,251	254,252
Prepayments		4,000	4,000
Income tax asset		6,369	6,369
		264,620	264,621

6	Cash and cash equivalents

	2025 £	2024 £
Cash on hand	2,173	2,173
Cash at bank	8,010	8,010
	10,183	10,183

7

Creditors

	Note	2025 £	2024 £
Due within one year
Social security and other taxes		17,572	17,572
Outstanding defined contribution pension costs		-	141
Other payables		29,894	29,753
Accruals		35,850	35,850
		83,316	83,316
Due after one year
Loans and borrowings	10	64,830	64,830

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 April 2024	4,601	4,601
At 31 March 2025	4,601	4,601

SRC CMC Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share Capital of £1 each	1	1	1	1

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	64,830	64,830