REGISTERED NUMBER: 10711250 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

CQM SECOND LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Saeed

REGISTERED OFFICE:

9 Hind Close

Chigwell

IG7 4EA

REGISTERED NUMBER:

10711250 (England and Wales)

ACCOUNTANTS:

Silver Arc

Chartered Certified Accountants

1 Quality Court

Chancery Lane

London

WC2A 1HR

FIXED ASSETS

Intangible assets

4

4,000

5,000

Tangible assets

5

88,351

54,922

92,351

59,922

CURRENT ASSETS

Stocks

2,810

2,590

Debtors

6

121,463

163,935

Cash at bank and in hand

6,681

5,460

130,954

171,985

CREDITORS

Amounts falling due within one year

7

(186,992

)

(162,432

)

NET CURRENT (LIABILITIES)/ASSETS

(56,038

)

9,553

TOTAL ASSETS LESS CURRENT LIABILITIES

36,313

69,475

CREDITORS

Amounts falling due after more than one year

8

(35,366

)

(48,501

)

PROVISIONS FOR LIABILITIES

9

(12,947

)

(28,036

)

NET LIABILITIES

(12,000

)

(7,062

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(12,001

)

(7,063

)

SHAREHOLDERS' FUNDS

(12,000

)

(7,062

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th December 2025 and were signed by:

K Saeed - Director

1.	STATUTORY INFORMATION

Cqm Second Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Tangible fixed assets 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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery - 15% on reducing balance

Fixtures and fittings - 15% on reducing balance

Computer equipment - 25% on 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 profit or loss

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 Income Statement, 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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

5,000

10,000

15,000

AMORTISATION

At 1st April 2024

5,000

5,000

10,000

Charge for year

-

1,000

1,000

At 31st March 2025

5,000

6,000

11,000

NET BOOK VALUE

At 31st March 2025

-

4,000

4,000

At 31st March 2024

-

5,000

5,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

102,780

Additions

49,058

At 31st March 2025

151,838

DEPRECIATION

At 1st April 2024

47,858

Charge for year

15,629

At 31st March 2025

63,487

NET BOOK VALUE

At 31st March 2025

88,351

At 31st March 2024

54,922

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

2,196

5,168

Amounts owed by group undertakings

119,267

158,767

121,463

163,935

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

13,954

13,954

Trade creditors

4,457

1,453

Amounts owed to group undertakings

28,397

7,097

Taxation and social security

2,183

2,926

Other creditors

138,001

137,002

186,992

162,432

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

35,366

48,501

9.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

12,947

28,036

Deferred

tax

£

Balance at 1st April 2024

28,036

Provided during year

(15,089

)

Balance at 31st March 2025

12,947