2 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 8,161 4,688 3,701 9,148 4,640 2,436 3,583 3,493 5,655 3,521 2,750 2,750 2,750 xbrli:pure xbrli:shares iso4217:GBP 08391316 2022-03-01 2023-02-28 08391316 2023-02-28 08391316 2022-02-28 08391316 2021-03-01 2022-02-28 08391316 2022-02-28 08391316 bus:Director1 2022-03-01 2023-02-28 08391316 core:WithinOneYear 2023-02-28 08391316 core:WithinOneYear 2022-02-28 08391316 core:AfterOneYear 2023-02-28 08391316 core:AfterOneYear 2022-02-28 08391316 core:ShareCapital 2023-02-28 08391316 core:ShareCapital 2022-02-28 08391316 core:RetainedEarningsAccumulatedLosses 2023-02-28 08391316 core:RetainedEarningsAccumulatedLosses 2022-02-28 08391316 core:CostValuation core:Non-currentFinancialInstruments 2022-02-28 08391316 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-02-28 08391316 core:Non-currentFinancialInstruments 2022-02-28 08391316 core:AcceleratedTaxDepreciationDeferredTax 2023-02-28 08391316 core:AcceleratedTaxDepreciationDeferredTax 2022-02-28 08391316 bus:Director1 2022-02-28 08391316 bus:Director1 2023-02-28 08391316 bus:Director1 2021-02-28 08391316 bus:Director1 2022-02-28 08391316 bus:Director1 2021-03-01 2022-02-28 08391316 bus:SmallEntities 2022-03-01 2023-02-28 08391316 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08391316 bus:FullAccounts 2022-03-01 2023-02-28 08391316 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08391316 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08391316 core:OfficeEquipment 2022-03-01 2023-02-28 08391316 core:OfficeEquipment 2022-02-28 08391316 core:OfficeEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 08391316
Camford Management Consultants Limited
Filleted Unaudited Financial Statements
For the year ended
28 February 2023
Camford Management Consultants Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
5,655
3,521
Investments
6
2,750
-------
-------
5,655
6,271
Current assets
Debtors
7
84,959
83,334
Cash at bank and in hand
17,887
20,487
---------
---------
102,846
103,821
Creditors: amounts falling due within one year
8
67,652
72,940
---------
---------
Net current assets
35,194
30,881
--------
--------
Total assets less current liabilities
40,849
37,152
Creditors: amounts falling due after more than one year
9
29,756
35,133
Provisions
Deferred taxation
1,443
880
--------
--------
Net assets
9,650
1,139
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,550
1,039
-------
-------
Shareholders funds
9,650
1,139
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Camford Management Consultants Limited
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 26 November 2023 , and are signed on behalf of the board by:
M J Williams
Director
Company registration number: 08391316
Camford Management Consultants Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The registered office address is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of value added tax. Turnover in respect of services rendered is recognised with reference to the work done in the year or the stage of completion at the year end.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Investments in associates and participating interests
Investments in associates and participating interests are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Pension contributions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Office equipment
£
Cost
At 1 March 2022
8,161
Additions
4,688
Disposals
( 3,701)
-------
At 28 February 2023
9,148
-------
Depreciation
At 1 March 2022
4,640
Charge for the year
2,436
Disposals
( 3,583)
-------
At 28 February 2023
3,493
-------
Carrying amount
At 28 February 2023
5,655
-------
At 28 February 2022
3,521
-------
6. Investments
Shares in participating interests
£
Cost
At 1 March 2022
2,750
Disposals
( 2,750)
-------
At 28 February 2023
-------
Impairment
At 1 March 2022 and 28 February 2023
-------
Carrying amount
At 28 February 2023
-------
At 28 February 2022
2,750
-------
The company owned a participating interest in Consulting Mastered Limited, a company registered in England and Wales (company no. 11856398).
7. Debtors
2023
2022
£
£
Trade debtors
14,381
13,823
Other debtors
70,578
69,511
--------
--------
84,959
83,334
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9,429
12,748
Trade creditors
264
175
Social security and other taxes
39,496
47,186
Other creditors
18,463
12,831
--------
--------
67,652
72,940
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
29,756
35,133
--------
--------
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023
2022
£
£
Included in provisions
1,443
880
-------
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
1,443
880
-------
----
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
M J Williams
52,084
108,171
( 107,000)
53,255
--------
---------
---------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
M J Williams
51,463
77,621
( 77,000)
52,084
--------
--------
--------
--------
During the year, annual interest at a rate of 2% (2022 - 2%) was charged to the director's loan account. This loan is unsecured and repayable on demand.
12. Related party transactions
During the comparative year, the company loaned £500 to Consulting Mastered Limited. In the current year a further £2,500 was loaned. The total amount loaned of £3,000 has been written off during the year. This loan was unsecured, interest free and repayable on demand.