CMGC LIMITED - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08483273 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

CMGC LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Henderson

C J Rothery

M J Flynn

Mrs G A Thredder

SECRETARY:

Mrs G A Thredder

REGISTERED OFFICE:

Henson House

Henson Road

Three Bridges

Crawley

West Sussex

RH10 1EP

REGISTERED NUMBER:

08483273 (England and Wales)

ACCOUNTANTS:

James Todd & Co Limited

1 & 2 The Barn

Oldwick

West Stoke Road

Chichester

West Sussex

PO18 9AA

FIXED ASSETS

Investments

4

2,010,000

2,010,000

CURRENT ASSETS

Cash at bank

140,193

68,958

CREDITORS

Amounts falling due within one year

901,069

1,109,613

NET CURRENT LIABILITIES

(760,876

)

(1,040,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,249,124

969,345

CAPITAL AND RESERVES

Called up share capital

5

230

230

Retained earnings

1,248,894

969,115

SHAREHOLDERS' FUNDS

1,249,124

969,345

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 21 February 2018 and were signed on its behalf by:

M J Flynn - Director

C A Henderson - Director

C J Rothery - Director

Mrs G A Thredder - Director

1.	STATUTORY INFORMATION

CMGC 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 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, and are in sterling (£), which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. The

directors therefore adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the amounts derived from the provision of goods and services falling within the

company's ordinary activities, after deduction of trade discounts, value added tax and any other other taxes.

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 5 .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 November 2016

and 31 October 2017

2,010,000

NET BOOK VALUE

At 31 October 2017

2,010,000

At 31 October 2016

2,010,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

£

230

Ordinary

1

230

230

6.	RELATED PARTY DISCLOSURES

During the year the company supplied services totalling £1,082,184 to Winters Electrical Services (2016

£954,355.) At the balance sheet date the company owed £688,875 to Winters Electrical Services Limited.(2016

£910,875). The Company also received a dividend of £125,000 from Winters Electrical Services Limited.(2016

£300,000.)

C Rothery, C Henderson and M Flynn are directors of that company.

7.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors who own all of the issued share capital.