C_M_REALIZATION_LIMITED - Accounts

C M REALIZATION LIMITED - Company Information

Print Friendly Version

Company Registration No. 07650274 (England and Wales)

C M REALIZATION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

C M REALIZATION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

C M REALIZATION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,061

1,654

Current assets

Debtors

117,925

78,490

Cash at bank and in hand

114,196

135,347

232,121

213,837

Creditors: amounts falling due within one year

(93,896)

(91,820)

Net current assets

138,225

122,017

Total assets less current liabilities

140,286

123,671

Capital and reserves

Called up share capital

100

Profit and loss account

140,186

123,571

Shareholders' funds

140,286

123,671

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 November 2016

Mr Colin Slight

Ms Melanie Budden

Director

Company Registration No. 07650274

C M REALIZATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

In the year to 31 March 2015 15.98% (2014: - 15.17%) of the company's turnover was to markets outside the United Kingdom

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing balance

1.4

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

C M REALIZATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

3,169

Additions

1,094

At 31 March 2016

4,263

Depreciation

At 1 April 2015

1,515

Charge for the year

687

At 31 March 2016

2,202

Net book value

At 31 March 2016

2,061

At 31 March 2015

1,654

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100