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REGISTERED NUMBER: 11490201 (England and Wales)





Camit Design Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2023






Camit Design Ltd (Registered number: 11490201)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Camit Design Ltd

Company Information
for the year ended 31 July 2023







DIRECTORS: Mrs S E Simpson
R T Simpson





REGISTERED OFFICE: 107 Shann Lane
Keighley
United Kingdom
BD20 6DY





REGISTERED NUMBER: 11490201 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Camit Design Ltd (Registered number: 11490201)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,869 11,803

CURRENT ASSETS
Stocks 11,012 11,012
Cash at bank 26,238 12,941
37,250 23,953
CREDITORS
Amounts falling due within one year 5 (33,966 ) (29,256 )
NET CURRENT ASSETS/(LIABILITIES) 3,284 (5,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,153

6,500

CREDITORS
Amounts falling due after more than one
year

6

(19,500

)

(24,000

)
NET LIABILITIES (8,347 ) (17,500 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,349 ) (17,502 )
(8,347 ) (17,500 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Camit Design Ltd (Registered number: 11490201)

Balance Sheet - continued
31 July 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 5 February 2024 and were signed on its behalf by:





R T Simpson - Director


Camit Design Ltd (Registered number: 11490201)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Camit Design 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 5 (2022 - 4 ) .

Camit Design Ltd (Registered number: 11490201)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 23,036
DEPRECIATION
At 1 August 2022 11,233
Charge for year 3,934
At 31 July 2023 15,167
NET BOOK VALUE
At 31 July 2023 7,869
At 31 July 2022 11,803

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,197 5,579
Other creditors 27,769 23,677
33,966 29,256

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 19,500 24,000