CADDS Limited
Registered number: 03678935
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,172 1,563
Current assets
Debtors 4 1,615 12,848
Cash at bank and in hand 36,252 46,678
37,867 59,526
Creditors: amounts falling due within one year 5 (1,106) (7,380)
Net current assets 36,761 52,146
Net assets 37,933 53,709
Capital and reserves
Called up share capital 2 2
Profit and loss account 37,931 53,707
Shareholder's funds 37,933 53,709
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
……………………………………………
T Samm
Director
Approved by the board on 20 November 2023
CADDS Limited
Notes to the Accounts
for the year ended 30 April 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:
Plant and machinery 25% reducing balance
Equipment, fixtures and fittings 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 14,067
At 30 April 2023 14,067
Depreciation
At 1 May 2022 12,504
Charge for the year 391
At 30 April 2023 12,895
Net book value
At 30 April 2023 1,172
At 30 April 2022 1,563
4 Debtors 2023 2022
£ £
Trade debtors - 12,848
Corporation tax 1,615 -
1,615 12,848
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax - 3,771
Other taxes and social security costs 48 2,859
Other creditors 685 685
Director's account 373 65
1,106 7,380
6 Other information
CADDS Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Beds
LU7 2LX
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