Company Registration No. 06282905 (England and Wales)
Cammotion Ltd
Unaudited accounts
for the year ended 31 March 2023
Cammotion Ltd
Unaudited accounts
Contents
Cammotion Ltd
Company Information
for the year ended 31 March 2023
Directors
Mrs KS Gladstone
Mr M Gladstone
Secretary
Mrs KS Gladstone
Company Number
06282905 (England and Wales)
Registered Office
44 Frieth Road
Marlow
Buckinghamshire
SL7 2QU
Cammotion Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
1
15,001
Tangible assets
32,300
24,955
Cash at bank and in hand
29,762
37,468
Creditors: amounts falling due within one year
(16,898)
(101,329)
Net current assets/(liabilities)
17,128
(39,628)
Total assets less current liabilities
49,429
328
Creditors: amounts falling due after more than one year
(21,745)
(32,667)
Net assets/(liabilities)
27,684
(32,339)
Called up share capital
1,000
1,000
Profit and loss account
26,684
(33,339)
Shareholders' funds
27,684
(32,339)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by
Mrs KS Gladstone
Director
Company Registration No. 06282905
Cammotion Ltd
Notes to the Accounts
for the year ended 31 March 2023
Cammotion Ltd is a private company, limited by shares, registered in England and Wales, registration number 06282905. The registered office is 44 Frieth Road, Marlow, Buckinghamshire, SL7 2QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
The accounts have been prepared on a going concern basis. This assumes the ongoing support of the directors if required.
Revenue, described as turnover, is the value of services (net of VAT) provided to customers during the year. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 10 years.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual
value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
straight line over 2 years
Computer equipment
straight line over 3 years
Where assets are financed by hire purchase the amount capitalised is the market value of the asset concerned. The corresponding liability to the hire purchase company is included in other creditors. Depreciation is charged to the profit and loss account over the useful life of the asset. Hire purchase payments include interest which is charged to the profit and loss account on a straight-line basis.
Cammotion Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
Charge for the year
15,000
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
268,097
4,647
272,744
Additions
26,154
3,669
29,823
At 31 March 2023
294,251
8,316
302,567
At 1 April 2022
243,142
4,647
247,789
Charge for the year
21,235
1,243
22,478
At 31 March 2023
264,377
5,890
270,267
At 31 March 2023
29,874
2,426
32,300
At 31 March 2022
24,955
-
24,955
Amounts falling due within one year
Cammotion Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,092
9,092
Trade creditors
879
11,890
Taxes and social security
1,099
412
Loans from directors
4,728
57,915
8
Creditors: amounts falling due after more than one year
2023
2022
A government backed loan of £29,767 (2021 £39,167) has been taken on by the company. This is repayable over 6 years and no interest or repayments were due for the first 12 months from securing the loan.
9
Transactions with related parties
The directors loan of £4,728 (2021: £57,915) which is included in creditors is unsecured, interest free and repayable on demand. A loan of £21,000 (2021: £21,000) was fully repaid to a company that K. Gladstone was a Director-Shareholder.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).