CM2 Industrial Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10169953 (England and Wales)

CM2 Industrial Services Ltd

Unaudited Financial Statements for the Year Ended 31 May 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Clark

REGISTERED OFFICE:

Blue House Farm Office

Brentwood Road

West Horndon

Brentwood

Essex

CM13 3LX

REGISTERED NUMBER:

10169953 (England and Wales)

ACCOUNTANTS:

McGhie & Co

Chartered Accountants

Elizabeth House

28 Baddow Road

Chelmsford

CM2 0DG

FIXED ASSETS

Tangible assets

4

6,708

1,961

CURRENT ASSETS

Debtors

5

4,666

493

Cash at bank and in hand

1,504

2,377

6,170

2,870

CREDITORS

Amounts falling due within one year

6

5,446

4,345

NET CURRENT ASSETS/(LIABILITIES)

724

(1,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,432

486

CREDITORS

Amounts falling due after more than one year

7

8,392

3,400

NET LIABILITIES

(960

)

(2,914

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,060

)

(3,014

)

SHAREHOLDERS' FUNDS

(960

)

(2,914

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 9 March 2023 and were signed by:

P Clark - Director

1.	STATUTORY INFORMATION

CM2 Industrial Services Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

9,881

Additions

9,059

Disposals

(9,881

)

At 31 May 2022

9,059

DEPRECIATION

At 1 June 2021

7,920

Charge for year

2,351

Eliminated on disposal

(7,920

)

At 31 May 2022

2,351

NET BOOK VALUE

At 31 May 2022

6,708

At 31 May 2021

1,961

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

8,500

At 31 May 2022

8,500

DEPRECIATION

Charge for year

2,125

At 31 May 2022

2,125

NET BOOK VALUE

At 31 May 2022

6,375

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

3,717

-

Other debtors

949

493

4,666

493

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Hire purchase contracts

1,950

-

Trade creditors

223

298

Taxation and social security

-

1,395

Other creditors

3,273

2,652

5,446

4,345

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

5,525

-

Other creditors

2,867

3,400

8,392

3,400

Amounts falling due in more than five years:

Repayable by instalments

Bounce back loan

-

200

8.	ULTIMATE CONTROLLING PARTY

The shareholders, who each have a beneficial ownership of 25% of the issued share capital of the Company, are the ultimate holding party of the Company.