REGISTERED NUMBER: 04416660 (England and Wales)

Financial Statements

for the Period 1 May 2025 to 31 March 2026

for

CMYUK Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J A R Price

C M Price

R D East

REGISTERED OFFICE:

Building 329, Suite G4

Doncastle Road

Bracknell

Berkshire

RG12 8PE

REGISTERED NUMBER:

04416660 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

80,772

78,628

CURRENT ASSETS

Inventories

2,074,221

2,019,842

Debtors

6

3,135,490

3,028,801

Cash at bank

40,080

97,850

5,249,791

5,146,493

CREDITORS

Amounts falling due within one year

7

(4,438,969

)

(4,282,124

)

NET CURRENT ASSETS

810,822

864,369

TOTAL ASSETS LESS CURRENT LIABILITIES

891,594

942,997

CREDITORS

Amounts falling due after more than one year

8

(208,230

)

(308,665

)

PROVISIONS FOR LIABILITIES

(20,193

)

(19,657

)

NET ASSETS

663,171

614,675

CAPITAL AND RESERVES

Called up share capital

11

2,000

2,000

Share premium

99,000

99,000

Retained earnings

562,171

513,675

SHAREHOLDERS' FUNDS

663,171

614,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

J A R Price - Director

1.	STATUTORY INFORMATION

CMYUK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

After reviewing the company's cash position, forecasts and projections for a period of 12 months from the accounts signing date, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

Turnover

Revenue 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 each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Impairment of fixed assets

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of net realisable value and value-in-use, are recognised as impairments. Impairment losses are recognised in the profit and loss account.

Inventories

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

Inventory is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, inventory is assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102, in full, to all of its financial instruments.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument, and are offset only when the company currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets

Debtors

Debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price. Debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

Where an arrangement with a debtor constitutes a financing transaction, the debtor is initially and subsequently measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

A provision for impairment of debtors is established when there is evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event accruing after the impairment loss was recognised, are recognised immediately in profit or loss.

Creditors

Creditors which are payable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Borrowings

Borrowings are initially recognised at the transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Financial liabilities and equity

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

Dividends

Dividends are recognised as liabilities once they are no longer at the discretion of the company.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2025 - 18 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 May 2025

157,872

116,230

22,698

296,800

Additions

33,195

-

6,496

39,691

Disposals

-

-

(3,284

)

(3,284

)

At 31 March 2026

191,067

116,230

25,910

333,207

Depreciation

At 1 May 2025

149,792

55,316

13,064

218,172

Charge for period

17,823

13,960

5,764

37,547

Eliminated on disposal

-

-

(3,284

)

(3,284

)

At 31 March 2026

167,615

69,276

15,544

252,435

Net book value

At 31 March 2026

23,452

46,954

10,366

80,772

At 30 April 2025

8,080

60,914

9,634

78,628

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

30/4/25

£

£

Trade debtors

2,735,458

2,709,473

Other debtors

400,032

319,328

3,135,490

3,028,801

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

30/4/25

£

£

Bank loans and overdrafts

252,597

183,999

Hire purchase contracts (see note 9)

70,373

30,466

Trade creditors

1,264,597

1,042,676

Taxation and social security

212,033

233,419

Other creditors

2,639,369

2,791,564

4,438,969

4,282,124

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

30/4/25

£

£

Bank loans

193,509

251,118

Hire purchase contracts (see note 9)

14,721

57,547

208,230

308,665

31/3/26

30/4/25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

53,965

Included within bank loans are four loans which are repayable by monthly instalments at fixed interest rates ranging from 3.77% to 8.76%.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/26

30/4/25

£

£

Gross obligations repayable:

Within one year

76,767

36,314

Between one and five years

15,958

60,746

92,725

97,060

Finance charges repayable:

Within one year

6,394

5,848

Between one and five years

1,237

3,199

7,631

9,047

Net obligations repayable:

Within one year

70,373

30,466

Between one and five years

14,721

57,547

85,094

88,013

Non-cancellable

operating leases

31/3/26

30/4/25

£

£

Within one year

363,822

456,098

Between one and five years

1,270,000

1,558,542

In more than five years

566,281

883,781

2,200,103

2,898,421

10.	SECURED DEBTS

Obligations under finance leases and hire purchase contracts are secured by related assets.

Included within other creditors is an amount of £1,646,230 (2025: £1,886,180) which relates to invoice finance and is secured by a charge over the company's book debts.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/26

30/4/25

value:

£

£

1,000

Ordinary 'A'

£1

1,000

1,000

500

Ordinary 'B'

£1

500

500

500

Ordinary 'C'

£1

500

500

2,000

2,000

The company has 3 classes of ordinary shares, Ordinary A, B and C.

The Ordinary A shares have full voting rights in parri passu with the Ordinary B shareholders and full dividend rights. The Ordinary A shareholders have the right to share in surplus assets in a winding up or sale of the company subject to the Ordinary C shareholders receiving their capital and any unpaid dividends and the right to share in surplus assets in a winding up or sale of the company noting the Ordinary B shareholders are entitled to receipt of the first £100,000 of sale proceeds or surplus assets on a winding up.

The Ordinary B shares have full voting rights in parri passu with the Ordinary A shareholders and full dividend rights. The Ordinary B shareholders have the right to share in surplus assets in a winding up or sale of the company subject to the Ordinary C shareholders receiving their capital and any unpaid dividends and the right to share in surplus assets in a winding up or sale of the company noting the Ordinary B shareholders are entitled to receipt of the first £100,000 of sale proceeds or surplus assets on a winding up.

The Ordinary C shares have no voting rights but full dividend rights. The Ordinary C shareholders have no right to share in surplus assets in a winding up or sale of the company subject to the Ordinary C shareholders receiving their capital and any unpaid dividends in preference to the Ordinary A and the Ordinary B shareholders.

12.	RELATED PARTY DISCLOSURES

During the period CMYUK Limited was provided with working capital funding of £480,000 (2025: £300,000) by a company related by virtue of common control: CMYUK Digital Limited ("CMYUK Digital"). In addition, CMYUK Limited recharged costs and made sales of £68,988 (2025: £75,164) and made purchases of £749,000 (2025: £825,324) to/from CMYUK Digital Ltd. At the period end CMYUK Digital was owed by the company £555,000 (2025: £75,000) on the working capital funding and owed £155,831 (2025: £125,541) on its trading activities.

During the period the company recharged costs and made sales of £936,681 (2025: £225,160) and made purchases of £147,424 (2025: £101,696) to/from Ufabrik Ltd. At the period end the Ufabrik Ltd owed the company £689,933 (2025: £277,957) on its trading activities and £53,000 (2025: £53,000) on working capital funding.

During the period CMYUK Limited received consultancy services from Luna Consulting Inc., of £97,576 (2025: £107,884), a company related by virtue of a common director

13.	ULTIMATE CONTROLLING PARTY

The directors consider that the ultimate controlling party is the board of directors.