CMEP GROUP LTD - Filleted accounts

CMEP GROUP LTD - Filleted accounts

CMEP GROUP LTD - Company Information

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Registered number
10189834
CMEP GROUP LTD
Filleted Accounts
31 May 2018
CMEP GROUP LTD
Registered number: 10189834
Balance Sheet
as at 31 May 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 751,322 -
Current assets
Debtors 3 58,866 137,322
Cash at bank and in hand 257,200 31,608
316,066 168,930
Creditors: amounts falling due within one year 4 (1,063,098) (197,135)
Net current liabilities (747,032) (28,205)
Net assets/(liabilities) 4,290 (28,205)
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,289 (28,206)
Shareholders' funds 4,290 (28,205)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jetinder Atwal
Director
Approved by the board on 27 February 2019
CMEP GROUP LTD
Notes to the Accounts
for the year ended 31 May 2018
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 750,000 1,653 751,653
At 31 May 2018 750,000 1,653 751,653
Depreciation
Charge for the year - 331 331
At 31 May 2018 - 331 331
Net book value
At 31 May 2018 750,000 1,322 751,322
3 Debtors 2018 2017
£ £
Other debtors 58,866 137,322
4 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 8,044 -
Directors Loan Account 1,033,291 197,135
Taxation and social security costs 21,763 -
1,063,098 197,135
5 Other information
CMEP GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
45 Bassett Avenue
Southampton
SO16 7DP
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