Registered number
12830683
CAMIX LTD
Filleted Accounts
31 August 2023
CAMIX LTD
Registered number: 12830683
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 54,517 49,511
Current assets
Stocks 246,677 171,282
Debtors 4 74,830 -
Cash at bank and in hand 96,818 196,043
418,325 367,325
Creditors: amounts falling due within one year 5 (244,313) (150,369)
Net current assets 174,012 216,956
Total assets less current liabilities 228,529 266,467
Creditors: amounts falling due after more than one year 6 (336) (69,495)
Net assets 228,193 196,972
Capital and reserves
Called up share capital 100 100
Profit and loss account 228,093 196,872
Shareholders' funds 228,193 196,972
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.
AHMED H. IBRAHIM
Director
Approved by the board on 20 October 2023
CAMIX LTD
Notes to the Accounts
for the year ended 31 August 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.
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:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are 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. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 55,155
Additions 11,691
At 31 August 2023 66,846
Depreciation
At 1 September 2022 5,644
Charge for the year 6,685
At 31 August 2023 12,329
Net book value
At 31 August 2023 54,517
At 31 August 2022 49,511
4 Debtors 2023 2022
£ £
Trade debtors 48,400 -
Other debtors 26,430 -
74,830 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 140,493 -
Taxation and social security costs 78,990 131,635
Other creditors 24,830 18,734
244,313 150,369
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 336 5,507
Directors Loan - 63,988
336 69,495
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
AHMED H. IBRAHIM
[Loan 1] 63,988 (70,617) (6,629)
63,988 - (70,617) (6,629)
8 Related party transactions
The company has loaned £19800 to Modern & Luxury Ltd, which is wholly owned by the Director.
9 Controlling party
The company is fully controlled by the director by virtue of him owning 100% of the share capital.
10 Other information
CAMIX LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 PROSPECT PLACE
MORLEY
WEST YORKSHIRE
LS27 9BJ
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