CEM Auty Limited |
Registered number: |
13335424 |
Balance Sheet as at 30 April 2023 |
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
481 |
|
|
335 |
Current assets |
Debtors |
4 |
|
11,476 |
|
|
4,500 |
Cash at bank and in hand |
|
|
15,809 |
|
|
16,799 |
|
|
|
27,285 |
|
|
21,299 |
Creditors: amounts falling due within one year |
5 |
|
(7,846) |
|
|
(13,118) |
Net current assets |
|
|
|
19,439 |
|
|
8,181 |
Net assets |
|
|
|
19,920 |
|
|
8,516 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
19,820 |
|
|
8,416 |
Shareholder's funds |
|
|
|
19,920 |
|
|
8,516 |
|
|
|
|
|
|
|
|
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. |
|
|
Mr A.J. Auty |
Director |
Approved by the board on 23 October 2023 |
|
CEM Auty 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 (as applied to small entities by section 1A of the Standard). |
|
|
Going concern |
|
The director believes the company is experiencing healthy levels of sales and profitability and that it is well placed to manage its business risks successfully. Accordingly he has a reasonable expectation that the company has adequte resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the financial statements. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed. |
|
|
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 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 Equipment |
4 years straight line basis |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
Average number of persons employed by the |
|
company (including director) during the year |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and Equipment |
£ |
|
Cost |
|
At 1 May 2022 |
375 |
|
Additions |
319 |
|
At 30 April 2023 |
694 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2022 |
40 |
|
Charge for the year |
173 |
|
At 30 April 2023 |
213 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2023 |
481 |
|
At 30 April 2022 |
335 |
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
Trade debtors |
2,550 |
|
4,500 |
|
Director's loan account |
|
|
|
|
8,926 |
|
- |
|
|
|
|
|
|
11,476 |
|
4,500 |
|
|
|
|
|
|
|
|
|
|
The above loan to the director was made during the year, was interest free and on no fixed repayment terms. The loan was fully repaid on 30th September 2023. |
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
Taxes and social security costs |
6,746 |
|
6,726 |
|
Other creditors |
- |
|
4,634 |
|
Accruals |
1,100 |
|
1,758 |
|
|
|
|
|
|
7,846 |
|
13,118 |
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
CEM Auty Limited is a private company limited by shares and incorporated in England. Its registered office is : 55 Birkby Lodge Road, Huddersfield, West Yorkshire, HD2 2BE. |
|
The financial statements are presented in Sterling, which is the functional currency of the company. |