CMCA Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03643009 (England and Wales)

Financial Statements

for the Year Ended 29 February 2020

for

CMCA Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Stonehouse

SECRETARY:

REGISTERED OFFICE:

Unit 35/36 Prospect Road

Beechburn Industrial Estate

Crook

Co. Durham

DL15 8JG

REGISTERED NUMBER:

03643009 (England and Wales)

ACCOUNTANTS:

Slater Anderson Limited

Salters House

Salters Lane

Sedgefield

Co. Durham

TS21 3EE

FIXED ASSETS

Tangible assets

4

30,688

35,953

CURRENT ASSETS

Stocks

9,500

14,500

Debtors

5

5,532

40,998

Cash at bank

1,925

8,209

16,957

63,707

CREDITORS

Amounts falling due within one year

6

379,558

429,587

NET CURRENT LIABILITIES

(362,601

)

(365,880

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(331,913

)

(329,927

)

CAPITAL AND RESERVES

Called up share capital

102

102

Capital redemption reserve

2

2

Retained earnings

(332,017

)

(330,031

)

SHAREHOLDERS' FUNDS

(331,913

)

(329,927

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 May 2021 and were signed by:

C Stonehouse - Director

1.	STATUTORY INFORMATION

CMCA 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.

Plant and machinery etc

-

25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

Stocks

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

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.

Hire purchase and 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 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 6 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2019

and 29 February 2020

220,494

DEPRECIATION

At 1 March 2019

184,541

Charge for year

5,265

At 29 February 2020

189,806

NET BOOK VALUE

At 29 February 2020

30,688

At 28 February 2019

35,953

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade debtors

-

25,296

Other debtors

5,532

15,702

5,532

40,998

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade creditors

80,745

85,730

Taxation and social security

-

2,500

Other creditors

298,813

341,357

379,558

429,587