CMT Learning Limited - Accounts to registrar (filleted) - small 23.2.5

CMT LEARNING LIMITED - Company Information

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REGISTERED NUMBER: 06985329 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CMT LEARNING LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

D Hobson

R Mace

C R Trembath

B Trembath

S Duvall

M A Hobson

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

1,927

2,408

CURRENT ASSETS

Debtors

119,397

79,220

Cash at bank

2,368,288

1,030,413

2,487,685

1,109,633

CREDITORS

Amounts falling due within one year

1,692,826

735,301

NET CURRENT ASSETS

794,859

374,332

TOTAL ASSETS LESS CURRENT
LIABILITIES

796,786

376,740

CREDITORS

Amounts falling due after more than one
year

(179,167

)

PROVISIONS FOR LIABILITIES

(366

)

(457

)

NET ASSETS

796,420

197,116

CAPITAL AND RESERVES

Called up share capital

24,000

24,001

Capital redemption reserve

5,999

Retained earnings

766,421

167,116

SHAREHOLDERS' FUNDS

796,420

197,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 22 January 2024 and were signed on its behalf by:

C R 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 35 (2022 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

COST

At 1 October 2022

and 30 September 2023

504

6,628

7,132

DEPRECIATION

At 1 October 2022

299

4,425

4,724

Charge for year

440

481

At 30 September 2023

340

4,865

5,205

NET BOOK VALUE

At 30 September 2023

164

1,763

1,927

At 30 September 2022

205

2,203

2,408

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Trade debtors

4,100

660

Amounts owed by associates

34,513

Other debtors

115,297

44,047

119,397

79,220

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Trade creditors

556,833

161,873

Amounts owed to associates

399,405

Taxation and social security

346,311

190,491

Other creditors

390,277

382,937

1,692,826

735,301

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.9.23

30.9.22

Bank loans

179,167

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.23

30.9.22

value:

24,001

Share capital 1

£1

24,000

24,001

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

At 1 October 2022

167,116

5,999

173,115

Profit for the year

599,305

At 30 September 2023

766,421

5,999

772,420

10.	RELATED PARTY DISCLOSURES

Included in creditors: amounts falling due within one year is a director's loan in the sum of £150,000
( 2022 - £47,660) . This loan was repaid on 2 October 2023 to C TrembC Trembath

Included in creditors is a balance of £399,405 (2022: £34,513 debtor) owed to Sports Camps UK Ltd - the
company which is under control of the same directors. The loan is interest free and is repayable on
demand.

11.	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 2023 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

22 January 2024