CIB Financial Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC180064

CIB Financial Management Limited

Filleted Unaudited Financial Statements

31 December 2025

CIB Financial Management Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

CIB Financial Management Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of CIB Financial Management Limited

Year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CIB Financial Management Limited for the year ended 31 December 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of CIB Financial Management Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of CIB Financial Management Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CIB Financial Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CIB Financial Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CIB Financial Management Limited. You consider that CIB Financial Management Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of CIB Financial Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

4 February 2026

CIB Financial Management Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		129,837	85,808

Current assets

Debtors	6	343,776	253,402
Cash at bank and in hand		246,723	225,469
		---------	---------
		590,499	478,871

Creditors: amounts falling due within one year	7	68,813		73,527
		---------		---------
Net current assets			521,686	405,344
			---------	---------
Total assets less current liabilities			651,523	491,152

Creditors: amounts falling due after more than one year	8		89,549	53,660

Provisions

Taxation including deferred tax	19,904	–
	---------	---------
Net assets	542,070	437,492
	---------	---------

CIB Financial Management Limited

Statement of Financial Position (continued)

31 December 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	541,970	437,392
	---------	---------
Shareholders funds	542,070	437,492
	---------	---------

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 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 February 2026 , and are signed on behalf of the board by:

Mr C Carpenter

Director

Company registration number: SC180064

CIB Financial Management Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered.

Income tax

Provision is made for deferred taxation arising from timing differences other than those which are expected with reasonable probability to continue in the foreseeable future.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	1,119	26,224	148,752	15,192	191,287
Additions	–	6,699	64,910	1,799	73,408
Disposals	–	–	( 2,270)	–	( 2,270)
	-------	--------	---------	--------	---------
At 31 December 2025	1,119	32,923	211,392	16,991	262,425
	-------	--------	---------	--------	---------
Depreciation
At 1 January 2025	555	15,479	75,588	13,857	105,479
Charge for the year	141	3,488	25,053	596	29,278
Disposals	–	–	( 2,169)	–	( 2,169)
	-------	--------	---------	--------	---------
At 31 December 2025	696	18,967	98,472	14,453	132,588
	-------	--------	---------	--------	---------
Carrying amount
At 31 December 2025	423	13,956	112,920	2,538	129,837
	-------	--------	---------	--------	---------
At 31 December 2024	564	10,745	73,164	1,335	85,808
	-------	--------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Prepayments and accrued income	7,479	4,018
Directors loan account	25,752	–
Other debtors	310,545	249,384
	---------	---------
	343,776	253,402
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	310,545	240,545
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	4,240	4,113
Corporation tax	50,640	61,097
Social security and other taxes	769	289
Obligations under finance leases and hire purchase contracts	13,164	8,022
Director loan accounts	–	6
	--------	--------
	68,813	73,527
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	89,549	53,660
	--------	--------

9. Directors' advances, credits and guarantees

At 31st December 2025, the company is owed £25,752 from the directors (2024: £6 owed to the directors). The loan is unsecured and interest is charged at HMRC official rate of interest.

10. Related party transactions

At 31st December 2025 £310,545 (2024: £240,545) was due from CIB Investments Ltd, a company in which Mr A R Carpenter, director, has an interest .

11. Controlling party

The company was under the control of Mr A R Carpenter, director.