Registered number
08782264
Cavendish Financial Advice Ltd
Filleted Accounts
31 March 2023
Cavendish Financial Advice Ltd
Registered number: 08782264
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,763 2,634
Current assets
Debtors 4 946 2,216
Cash at bank and in hand 104,775 294,087
105,721 296,303
Creditors: amounts falling due within one year 5 (58,468) (266,375)
Net current assets 47,253 29,928
Total assets less current liabilities 49,016 32,562
Creditors: amounts falling due after more than one year 6 (10,000) (10,000)
Net assets 39,016 22,562
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,916 22,462
Shareholder's funds 39,016 22,562
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Amey
Director
Approved by the board on 1 October 2023
Cavendish Financial Advice Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2022 4,356
At 31 March 2023 4,356
Depreciation
At 1 April 2022 1,722
Charge for the year 871
At 31 March 2023 2,593
Net book value
At 31 March 2023 1,763
At 31 March 2022 2,634
4 Debtors 2023 2022
£ £
Trade debtors 946 2,216
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors loans 48,566 252,518
Corporation tax 7,583 11,404
Other taxes and social security costs 119 253
Other creditors 2,200 2,200
58,468 266,375
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 10,000 10,000
7 Other information
Cavendish Financial Advice Ltd is a private company limited by shares and incorporated in England. Its registered office is:
69 Madrid Road
Barnes
London,
SW13 9PQ
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