CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Company Registration Number:
08094108 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Balance sheet

As at 30 June 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 1,186 179
Total fixed assets: 1,186 179
Current assets
Debtors:   16,356 17,787
Cash at bank and in hand: 300,706 236,713
Total current assets: 317,062 254,500
Creditors: amounts falling due within one year:   (122,182) (111,598)
Net current assets (liabilities): 194,880 142,902
Total assets less current liabilities: 196,066 143,081
Provision for liabilities: (225) (35)
Total net assets (liabilities): 195,841 143,046
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 195,840 143,045
Shareholders funds: 195,841 143,046

The notes form part of these financial statements

CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Balance sheet statements

For the year ending 30 June 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 August 2022
and signed on behalf of the board by:

Name: K Lamb
Status: Director

The notes form part of these financial statements

CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced electronic consultancy fees for the period, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 33% on cost

Other accounting policies

TaxationTaxation 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 taxDeferred 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.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.Going concernThe director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has considered the potential impact on the company of the current global pandemic known as COVID-19. In the opinion of the director there will be no material adverse effect on the company's ability to continue as a going concern. The director hasa reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis of preparation in preparing the financial statements.

CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 2 2

CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Tangible Assets

Total
Cost £
At 01 July 2021 1,794
Additions 1,395
Disposals (1,591)
At 30 June 2022 1,598
Depreciation
At 01 July 2021 1,615
Charge for year 388
On disposals (1,591)
At 30 June 2022 412
Net book value
At 30 June 2022 1,186
At 30 June 2021 179

CAMBRIDGE ELECTRONIC SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Related party transactions

The company is controlled by the director.The director was paid £1,055 for the rent of office facilities.