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REGISTERED NUMBER: 09401861 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Cambridge Credentials Limited

Cambridge Credentials Limited (Registered number: 09401861)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cambridge Credentials Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: K D Alliban





REGISTERED OFFICE: The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG





REGISTERED NUMBER: 09401861 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG

Cambridge Credentials Limited (Registered number: 09401861)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,328 54,182

CURRENT ASSETS
Debtors 5 169,030 278,071
Cash at bank 182,731 106,340
351,761 384,411
CREDITORS
Amounts falling due within one year 6 39,004 29,950
NET CURRENT ASSETS 312,757 354,461
TOTAL ASSETS LESS CURRENT LIABILITIES 359,085 408,643

CREDITORS
Amounts falling due after more than one year 7 (17,535 ) (23,724 )

PROVISIONS FOR LIABILITIES 9 (11,582 ) (10,295 )
NET ASSETS 329,968 374,624

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 329,868 374,524
SHAREHOLDERS' FUNDS 329,968 374,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Cambridge Credentials Limited (Registered number: 09401861)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2023 and were signed by:





K D Alliban - Director


Cambridge Credentials Limited (Registered number: 09401861)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Cambridge Credentials 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Equipment - 3 years straight line

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

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.

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.


Cambridge Credentials Limited (Registered number: 09401861)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

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.

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 commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Impairment
At each reporting date, tangible fixed assets and investments are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Cambridge Credentials Limited (Registered number: 09401861)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 59,367
Additions 7,310
Disposals (179 )
At 31 January 2023 66,498
DEPRECIATION
At 1 February 2022 5,185
Charge for year 15,164
Eliminated on disposal (179 )
At 31 January 2023 20,170
NET BOOK VALUE
At 31 January 2023 46,328
At 31 January 2022 54,182

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 53,042
DEPRECIATION
At 1 February 2022 1,105
Charge for year 12,984
At 31 January 2023 14,089
NET BOOK VALUE
At 31 January 2023 38,953
At 31 January 2022 51,937

Cambridge Credentials Limited (Registered number: 09401861)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,800 76,036
Other debtors 153,230 202,035
169,030 278,071

Other debtors includes £102,166 (2022 - £102,166) due from a connected company.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,189 6,189
Taxation and social security 29,765 21,082
Other creditors 3,050 2,679
39,004 29,950

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,535 23,724

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 23,724 29,913

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 11,582 10,295

Deferred
tax
£   
Balance at 1 February 2022 10,295
Provided during year 1,287
Balance at 31 January 2023 11,582

Cambridge Credentials Limited (Registered number: 09401861)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
K D Alliban
Balance outstanding at start of year 99,639 40,391
Amounts advanced 126,585 101,739
Amounts repaid (175,400 ) (42,491 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,824 99,639