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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30th November 2017 |
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for |
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C.M. Supplies Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30th November 2017 |
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for |
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C.M. Supplies Limited |
C.M. Supplies Limited (Registered number: 02993234) |
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Contents of the Financial Statements |
for the Year Ended 30th November 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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C.M. Supplies Limited |
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Company Information |
for the Year Ended 30th November 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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3 Colwick Quays |
Colwick |
Nottingham |
Nottinghamshire |
NG4 2JY |
C.M. Supplies Limited (Registered number: 02993234) |
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Balance Sheet |
30th November 2017 |
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30.11.17 | 30.11.16 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Revaluation reserve | 9 |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
C.M. Supplies Limited (Registered number: 02993234) |
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Balance Sheet - continued |
30th November 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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C.M. Supplies Limited (Registered number: 02993234) |
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Notes to the Financial Statements |
for the Year Ended 30th November 2017 |
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1. | STATUTORY INFORMATION |
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C.M. Supplies Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The reported financial position and financial performance for the previous period are not affected by |
the transition to FRS 102. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due |
allowance for obsolete and slow moving items. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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C.M. Supplies Limited (Registered number: 02993234) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th November 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st December 2016 |
and 30th November 2017 |
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DEPRECIATION |
At 1st December 2016 |
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Charge for year |
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At 30th November 2017 |
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NET BOOK VALUE |
At 30th November 2017 |
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At 30th November 2016 |
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Included in cost or valuation of land and buildings is freehold land of £ 75,000 (2016 - £ 75,000 ) which |
is not depreciated. |
C.M. Supplies Limited (Registered number: 02993234) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th November 2017 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 30th November 2017 is represented by: |
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Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2008 | 114,704 | - | 114,704 |
Cost | 335,296 | 640,501 | 975,797 |
450,000 | 640,501 | 1,090,501 |
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If the freehold property had not been revalued it would have been included at the following historical |
cost: |
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30.11.17 | 30.11.16 |
£ | £ |
Cost | 335,296 | 335,296 |
Aggregate depreciation | 103,100 | 96,579 |
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Value of land in freehold land and buildings | 75,000 | 75,000 |
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Freehold land and buildings were valued on an open market basis on 30th November 2008 by Mr C J Milward, the company's director |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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C.M. Supplies Limited (Registered number: 02993234) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th November 2017 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.17 | 30.11.16 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1st December 2016 |
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Reclassification of freehold depreciation | (2,294 | ) |
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At 30th November 2017 |
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