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REGISTERED NUMBER: 05812700 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CAMBRIDGE NANOLITIC LIMITED

CAMBRIDGE NANOLITIC LIMITED (REGISTERED NUMBER: 05812700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMBRIDGE NANOLITIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Dr P Shashkov
Mrs N Budanova
S Usov





SECRETARY: S Usov





REGISTERED OFFICE: 3b Homefield Road
Haverhill
Suffolk
CB9 8QP





REGISTERED NUMBER: 05812700 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

CAMBRIDGE NANOLITIC LIMITED (REGISTERED NUMBER: 05812700)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,931 23,656

CURRENT ASSETS
Debtors 5 39,623 44,049
Cash at bank 19,388 41,179
59,011 85,228
CREDITORS
Amounts falling due within one year 6 27,161 20,378
NET CURRENT ASSETS 31,850 64,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,781

88,506

PROVISIONS FOR LIABILITIES 4,733 4,495
NET ASSETS 46,048 84,011

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 45,548 83,511
SHAREHOLDERS' FUNDS 46,048 84,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 NANOLITIC LIMITED (REGISTERED NUMBER: 05812700)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:




Dr P Shashkov - Director Mrs N Budanova - Director




S Usov - Director


CAMBRIDGE NANOLITIC LIMITED (REGISTERED NUMBER: 05812700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Cambridge Nanolitic Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

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 - 25% on reducing balance
Computer and office equipment - 25% 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

CAMBRIDGE NANOLITIC LIMITED (REGISTERED NUMBER: 05812700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
and
Plant and office
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 118,904 19,049 137,953
Additions - 1,499 1,499
At 30 June 2023 118,904 20,548 139,452
DEPRECIATION
At 1 July 2022 100,851 13,446 114,297
Charge for year 4,513 1,711 6,224
At 30 June 2023 105,364 15,157 120,521
NET BOOK VALUE
At 30 June 2023 13,540 5,391 18,931
At 30 June 2022 18,053 5,603 23,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,214 33,673
Other debtors 10,409 10,376
39,623 44,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,765 3,986
Taxation and social security 4,577 3,828
Other creditors 18,819 12,564
27,161 20,378

7. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £12,100 (2022 : £12,100).