CM2 Industrial Services Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10169953 (England and Wales)

CM2 Industrial Services Ltd

Unaudited Financial Statements

for the Period 9 May 2016 to 31 May 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Clark

REGISTERED OFFICE:

28 Beeleigh Link

Chelmsford

Essex

CM2 6RG

REGISTERED NUMBER:

10169953 (England and Wales)

ACCOUNTANTS:

McGhie & Co

Chartered Accountants

28 Beeleigh Link

Chelmsford

Essex

CM2 6RG

FIXED ASSETS

Tangible assets

3

1,270

CURRENT ASSETS

Cash at bank and in hand

1,921

CREDITORS

Amounts falling due within one year

4

2,418

NET CURRENT LIABILITIES

(497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

773

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

673

SHAREHOLDERS' FUNDS

773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7 February 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

at varying rates on cost

Taxation

Taxation for the period 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 period 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,124

At 31 May 2017

2,124

DEPRECIATION

Charge for period

854

At 31 May 2017

854

NET BOOK VALUE

At 31 May 2017

1,270

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

465

Other creditors

1,953

2,418