C.P.M.M. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03714515 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

C.P.M.M. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K O'Brien

REGISTERED OFFICE:

Suite 4 Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

REGISTERED NUMBER:

03714515 (England and Wales)

ACCOUNTANTS:

John Kerr - Chartered Accountants

375 Eaton Road

West Derby

Liverpool

Merseyside

L12 2AH

FIXED ASSETS

Tangible assets

4

1,876

2,502

Investments

5

1,000

1,000

2,876

3,502

CURRENT ASSETS

Debtors

6

53,353

45,862

Cash at bank

123,151

69,324

176,504

115,186

CREDITORS

Amounts falling due within one year

7

57,594

54,332

NET CURRENT ASSETS

118,910

60,854

TOTAL ASSETS LESS CURRENT LIABILITIES

121,786

64,356

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

101,786

44,356

SHAREHOLDERS' FUNDS

121,786

64,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 23 March 2021 and were signed by:

K O'Brien - Director

1.	STATUTORY INFORMATION

C.P.M.M. 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.

Preparation of consolidated financial statements

The financial statements contain information about C.P.M.M. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year 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 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.

Leasing commitments

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

Pension costs

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

3.

EMPLOYEES

The average number of employees during the year was 6 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

equipment

Totals

£

£

£

COST

At 1 April 2019

291,461

90,925

382,386

Disposals

(291,461

)

-

(291,461

)

At 31 March 2020

-

90,925

90,925

DEPRECIATION

At 1 April 2019

291,460

88,424

379,884

Charge for year

1

625

626

Eliminated on disposal

(291,461

)

-

(291,461

)

At 31 March 2020

-

89,049

89,049

NET BOOK VALUE

At 31 March 2020

-

1,876

1,876

At 31 March 2019

1

2,501

2,502

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2019

and 31 March 2020

20,000

PROVISIONS

At 1 April 2019

and 31 March 2020

19,000

NET BOOK VALUE

At 31 March 2020

1,000

At 31 March 2019

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

49,853

29,669

Other debtors

3,500

16,193

53,353

45,862

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

29,354

29,745

Amounts owed to group undertakings

1,000

1,000

Taxation and social security

22,236

11,829

Other creditors

5,004

11,758

57,594

54,332

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.20

31.3.19

£

£

Within one year

7,530

7,530

Between one and five years

16,112

23,642

23,642

31,172

9.	POST BALANCE SHEET EVENTS

During March 2020 and since the year end, the COVID-19 pandemic has created a major challenge with a high level of uncertainty for all businesses. The company has taken prompt action to protect cash flow including reducing outgoings and taking advantage of government support grants.

Whilst the impact of the COVID-19 situation cannot be accurately predicted and it is not possible to assess all possible implications for the company, based on the assessments carried out, the company believes that it has a secure financial position that will enable it to trade through the current disruption of the markets in which it operates.