Cam Air Management Limited
Registered number: 02411867
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 577 769
Current assets
Cash at bank and in hand 2 78
Creditors: amounts falling due within one year 4 (37,085) (36,535)
Net current liabilities (37,083) (36,457)
Total assets less current liabilities (36,506) (35,688)
Creditors: amounts falling due after more than one year 5 (190,000) (190,000)
Net liabilities (226,506) (225,688)
Capital and reserves
Called up share capital 10 10
Profit and loss account (226,516) (225,698)
Shareholders' funds (226,506) (225,688)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
………………………………………….
C A McGee
Director
Approved by the board on 13 October 2023
Cam Air Management Limited
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.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2022 9,699
At 31 March 2023 9,699
Depreciation
At 1 April 2022 8,930
Charge for the year 192
At 31 March 2023 9,122
Net book value
At 31 March 2023 577
At 31 March 2022 769
4 Creditors: amounts falling due within one year 2023 2022
£ £
Directors' account 36,446 35,895
Other taxes and social security costs 227 227
Other creditors 412 413
37,085 36,535
5 Creditors: amounts falling due after one year 2023 2022
£ £
Directors' account 190,000 190,000
6 Other information
Cam Air Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
LU7 2LX
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