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REGISTERED NUMBER: 06889637 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Cashbrokers (Grantham) Limited

Cashbrokers (Grantham) Limited (Registered number: 06889637)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cashbrokers (Grantham) Limited

Company Information
for the Year Ended 31 October 2022







DIRECTOR: P H Smit





REGISTERED OFFICE: 44d Borough Street
Castle Donington
Derbyshire
DE74 2LB





REGISTERED NUMBER: 06889637 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Cashbrokers (Grantham) Limited (Registered number: 06889637)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 457 915
3,457 6,915

CURRENT ASSETS
Debtors 6 23,972 46,662
Cash at bank 1,577 1,226
25,549 47,888
CREDITORS
Amounts falling due within one year 7 77,967 52,032
NET CURRENT LIABILITIES (52,418 ) (4,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,961

)

2,771

CREDITORS
Amounts falling due after more than one
year

8

89,363

91,281
NET LIABILITIES (138,324 ) (88,510 )

CAPITAL AND RESERVES
Called up share capital 115 115
Retained earnings (138,439 ) (88,625 )
(138,324 ) (88,510 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

Cashbrokers (Grantham) Limited (Registered number: 06889637)

Balance Sheet - continued
31 October 2022


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 12 October 2023 and were signed by:





P H Smit - Director


Cashbrokers (Grantham) Limited (Registered number: 06889637)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Cashbrokers (Grantham) 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 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 2 ) .

Cashbrokers (Grantham) Limited (Registered number: 06889637)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2021
and 31 October 2022 12,000
AMORTISATION
At 1 November 2021 6,000
Charge for year 3,000
At 31 October 2022 9,000
NET BOOK VALUE
At 31 October 2022 3,000
At 31 October 2021 6,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2021
and 31 October 2022 1,372
DEPRECIATION
At 1 November 2021 457
Charge for year 458
At 31 October 2022 915
NET BOOK VALUE
At 31 October 2022 457
At 31 October 2021 915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors - 3,200
Directors' loan accounts 23,972 43,462
23,972 46,662

Cashbrokers (Grantham) Limited (Registered number: 06889637)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 16,500 16,500
Trade creditors 12,714 15,051
Amounts owed to group undertakings 14,289 -
Tax 3,469 3,469
Social security and other taxes 22,602 14,229
VAT 8,393 2,783
77,967 52,032

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans - 1-2 years 6,171 6,171
Bank loans - 2-5 years 15,966 15,966
Bank loans more 5 yr by instal 17,226 19,144
Other loans more 5yrs instal 50,000 50,000
89,363 91,281

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,226 19,144
Other loans more 5yrs instal 50,000 50,000
67,226 69,144

9. ULTIMATE CONTROLLING PARTY

The controlling party is P H Smit.