CMT Learning Limited - Accounts to registrar (filleted) - small 18.2

CMT LEARNING LIMITED - Company Information

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REGISTERED NUMBER: 06985329 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

CMT LEARNING LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

C Trembath

A J Wright

D Hobson

R Mace

REGISTERED OFFICE:

2 Oakfield Road

Clifton

Bristol

BS8 2AL

REGISTERED NUMBER:

06985329 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

FIXED ASSETS

Tangible assets

4,699

4,179

CURRENT ASSETS

Debtors

20,447

27,980

Cash at bank

627,878

408,428

648,325

436,408

CREDITORS

Amounts falling due within one year

479,817

307,035

NET CURRENT ASSETS

168,508

129,373

TOTAL ASSETS LESS CURRENT
LIABILITIES

173,207

133,552

PROVISIONS FOR LIABILITIES

799

2,167

NET ASSETS

172,408

131,385

CAPITAL AND RESERVES

Called up share capital

24,001

30,000

Capital redemption reserve

5,999

Retained earnings

142,408

101,385

SHAREHOLDERS' FUNDS

172,408

131,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2020 and
were signed on its behalf by:

C Trembath - Director

1.	STATUTORY INFORMATION

CMT Learning 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

20% on reducing balance

Computer equipment

20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

COST

At 1 October 2018

5,437

Additions

504

1,191

1,695

At 30 September 2019

504

6,628

7,132

DEPRECIATION

At 1 October 2018

1,258

Charge for year

101

1,074

1,175

At 30 September 2019

101

2,332

2,433

NET BOOK VALUE

At 30 September 2019

403

4,296

4,699

At 30 September 2018

4,179

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

Trade debtors

17,735

9,206

Other debtors

2,712

18,774

20,447

27,980

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

Trade creditors

237,487

109,393

Amounts owed to associates

8,000

Taxation and social security

16,706

36,989

Other creditors

225,624

152,653

479,817

307,035

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

30,000

Share capital 1

£1

24,001

30,000

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

At 1 October 2018

101,385

Profit for the year

71,023

Purchase of own shares

(30,000

)

5,999

(24,001

)

At 30 September 2019

142,408

5,999

148,407

9.	RELATED PARTY DISCLOSURES

Included in creditors: amounts falling due within one year are directors' accounts in the sum of £34,215
(2018: £26,765). The directors' accounts outstanding at the year end by the directors, C Trembath, A J
Wright, R Mace were £17,600 (2018: £28,760), £6,712 (2018: £13,342), £9,844 (2018: £3,063)
respectively.

Included in debtors: amounts falling due within one year are directors' account for D Hobson of £425

debtor (2018: £425 debtor).

Included in creditors: amounts falling due within one year is £12,000 (2018: £12,000) due to A Trembath, wife of C Trembath, a director . This was for secretarial and marketing services rendered.

10.	ULTIMATE CONTROLLING PARTY

The directors controlled the company throughout the year by virtue of their shareholdings.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of CMT Learning Limited for the year ended 30 September 2019 which comprise the Income

Statement, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CMT Learning Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CMT Learning Limited and state those matters that we have agreed to state to the Board of Directors of CMT Learning Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CMT Learning Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CMT Learning 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 CMT Learning Limited. You consider that CMT Learning 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 CMT Learning 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.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

17 July 2020