REGISTERED NUMBER: 08191735 (England and Wales)

CM & JM Retail Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Middleton

Mrs J Middleton

SECRETARY:

REGISTERED OFFICE:

36 Sharman Way

Gnosall

Stafford

Staffordshire

ST20 0LX

REGISTERED NUMBER:

08191735 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Intangible assets

4

-

42,000

Tangible assets

5

21,648

22,046

21,648

64,046

CURRENT ASSETS

Stocks

48,760

42,112

Debtors

6

2,555

2,665

Cash at bank and in hand

69,588

43,321

120,903

88,098

CREDITORS

Amounts falling due within one year

7

61,377

82,022

NET CURRENT ASSETS

59,526

6,076

TOTAL ASSETS LESS CURRENT LIABILITIES

81,174

70,122

CREDITORS

Amounts falling due after more than one year

8

141,200

153,187

NET LIABILITIES

(60,026

)

(83,065

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(60,126

)

(83,165

)

SHAREHOLDERS' FUNDS

(60,026

)

(83,065

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

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 30 May 2018 and were signed on its behalf by:

C Middleton - Director

1.	STATUTORY INFORMATION

CM & JM Retail 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.

Turnover

Turnover represents net invoice value of goods / services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 11 (2017 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

210,000

AMORTISATION

At 1 April 2017

168,000

Charge for year

42,000

At 31 March 2018

210,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

42,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2017

38,598

989

39,587

Additions

3,422

-

3,422

At 31 March 2018

42,020

989

43,009

DEPRECIATION

At 1 April 2017

17,267

274

17,541

Charge for year

3,713

107

3,820

At 31 March 2018

20,980

381

21,361

NET BOOK VALUE

At 31 March 2018

21,040

608

21,648

At 31 March 2017

21,331

715

22,046

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

2,555

2,665

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

11,987

11,987

Trade creditors

1,927

2,897

Taxation and social security

11,094

4,676

Other creditors

36,369

62,462

61,377

82,022

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

141,200

153,187

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

87,469

99,456

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

153,187

165,174

The bank has a fixed and floating charge over the undertaking and all property and assets present

and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant &

machinery.