Company Registration No. 09649746 (England and Wales)
CMB Services Ltd
Unaudited accounts
for the year ended 30 June 2022
CMB Services Ltd
Unaudited accounts
Contents
CMB Services Ltd
Company Information
for the year ended 30 June 2022
Directors
Chris Brown
Loraine Morgan
Company Number
09649746 (England and Wales)
Registered Office
VENTA HOUSE 9A PORT ROAD
MAESGLAS RETAIL PARK
NEWPORT
NP20 2NS
WALES
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
CMB Services Ltd
for the year ended 30 June 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CMB Services Ltd for the year ended 30 June 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
13 September 2022
CMB Services Ltd
Statement of financial position
as at
30 June 2022
Cash at bank and in hand
15,139
17,322
Creditors: amounts falling due within one year
(6,637)
(3,562)
Net current assets
8,502
18,681
Total assets less current liabilities
8,503
18,938
Creditors: amounts falling due after more than one year
(7,605)
(12,000)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
897
6,888
Shareholders' funds
898
6,889
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by
Chris Brown
Director
Company Registration No. 09649746
CMB Services Ltd
Notes to the Accounts
for the year ended 30 June 2022
CMB Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09649746. The registered office is VENTA HOUSE 9A PORT ROAD, MAESGLAS RETAIL PARK, NEWPORT, NP20 2NS, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
CMB Services Ltd
Notes to the Accounts
for the year ended 30 June 2022
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,688
-
Taxes and social security
3,949
3,562
7
Creditors: amounts falling due after more than one year
2022
2021
8
Share capital
2022
2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
the balance is in respect of an interest free loan that is repayable upon demand. The loan was repaid by the director on 31st August 2021.
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).