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REGISTERED NUMBER: 09455450 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CAMBRIDGE GARDEN STUDIOS LTD

CAMBRIDGE GARDEN STUDIOS LTD (REGISTERED NUMBER: 09455450)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMBRIDGE GARDEN STUDIOS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: L D Corbyn





REGISTERED OFFICE: 11 The Maltings
Millfield
Cottenham
Cambridgeshire
CB24 8RE





REGISTERED NUMBER: 09455450 (England and Wales)





ACCOUNTANTS: Fletcher Thompson
Riverside Farm, Hollow Road
Ramsey Forty Foot
Huntingdon
Cambridgeshire
PE26 2YB

CAMBRIDGE GARDEN STUDIOS LTD (REGISTERED NUMBER: 09455450)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,209 77,062
94,209 77,062

CURRENT ASSETS
Debtors 6 45,579 190,195
Cash at bank 35,369 99,251
80,948 289,446
CREDITORS
Amounts falling due within one year 7 172,874 224,142
NET CURRENT (LIABILITIES)/ASSETS (91,926 ) 65,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,283

142,366

CREDITORS
Amounts falling due after more than one
year

8

34,935

61,265
NET (LIABILITIES)/ASSETS (32,652 ) 81,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (32,752 ) 81,001
(32,652 ) 81,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CAMBRIDGE GARDEN STUDIOS LTD (REGISTERED NUMBER: 09455450)

BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





L D Corbyn - Director


CAMBRIDGE GARDEN STUDIOS LTD (REGISTERED NUMBER: 09455450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Cambridge Garden Studios Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have considered the future trading position and funding requirements of the company and are satisfied that the company will continue to operate with support from the directors. On this basis the directors consider it appropriate to prepare the accounts on a going concern basis.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

TAXATION
Taxation 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

CAMBRIDGE GARDEN STUDIOS LTD (REGISTERED NUMBER: 09455450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 12,000
AMORTISATION
At 1 March 2022
and 28 February 2023 12,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 90,059
Additions 33,153
At 28 February 2023 123,212
DEPRECIATION
At 1 March 2022 12,997
Charge for year 16,006
At 28 February 2023 29,003
NET BOOK VALUE
At 28 February 2023 94,209
At 28 February 2022 77,062

CAMBRIDGE GARDEN STUDIOS LTD (REGISTERED NUMBER: 09455450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,632 160,221
Other debtors 3,947 29,974
45,579 190,195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 -
Hire purchase contracts 9,355 -
Trade creditors 77,670 119,241
Taxation and social security 73,812 99,787
Other creditors 2,037 5,114
172,874 224,142

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,496 42,496
Hire purchase contracts 12,439 18,769
34,935 61,265

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £12,343 (2022: £19,403).