CAMBRIDGE EDQ LIMITED

Company Registration Number:
08645885 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

CAMBRIDGE EDQ LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

CAMBRIDGE EDQ LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Current assets
Debtors:   42,905 57,206
Cash at bank and in hand: 53,768 33,014
Total current assets: 96,673 90,220
Creditors: amounts falling due within one year:   (51,511) (48,018)
Net current assets (liabilities): 45,162 42,202
Total assets less current liabilities: 45,162 42,202
Total net assets (liabilities): 45,162 42,202
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 45,161 42,201
Shareholders funds: 45,162 42,202

The notes form part of these financial statements

CAMBRIDGE EDQ LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2023
and signed on behalf of the board by:

Name: K S Sanghera
Status: Director

The notes form part of these financial statements

CAMBRIDGE EDQ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the principle activity of computer programming and consultancy.Turnover represents net consultancy invoiced.In line with Financial Reporting Standard 102, Revenue Recognition income has been recognised when the company obtains the right to consideration in exchange for it's performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 25% on cost

Other accounting policies

TaxationTaxation 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.Going concernThe director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis in preparing the financial statements.

CAMBRIDGE EDQ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

CAMBRIDGE EDQ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Related party transactions

The controlling party is K S Sanghera.During the year dividends of £159,524 (2022: £172,292) were declared by the director.