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Company Registration No. 12009513 (England and Wales)
CARA & THE SKY LIMITED Unaudited accounts for the year ended 31 May 2023
CARA & THE SKY LIMITED Unaudited accounts Contents
Page
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CARA & THE SKY LIMITED Company Information for the year ended 31 May 2023
Director
Cara Melzack
Company Number
12009513 (England and Wales)
Registered Office
20 SILVERCLIFFE GARDENS BARNET EN4 9QT ENGLAND
Accountants
HBS Accountancy Limited 20 Silvercliffe Gardens New Barnet Herts EN4 9QT
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CARA & THE SKY LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
643 
- 
Current assets
Inventories
53,645 
22,154 
Debtors
7,222 
20,598 
Cash at bank and in hand
5,641 
9,453 
66,508 
52,205 
Creditors: amounts falling due within one year
(50,331)
(28,221)
Net current assets
16,177 
23,984 
Total assets less current liabilities
16,820 
23,984 
Creditors: amounts falling due after more than one year
(5,042)
(9,426)
Net assets
11,778 
14,558 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
10,778 
13,558 
Shareholders' funds
11,778 
14,558 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 November 2023 and were signed on its behalf by
Cara Melzack Director Company Registration No. 12009513
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CARA & THE SKY LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
CARA & THE SKY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12009513. The registered office is 20 SILVERCLIFFE GARDENS, BARNET, EN4 9QT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on written down value
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CARA & THE SKY LIMITED Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
- 
Additions
857 
At 31 May 2023
857 
Depreciation
Charge for the year
214 
At 31 May 2023
214 
Net book value
At 31 May 2023
643 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
53,645 
22,154 
53,645 
22,154 
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,320 
Trade debtors
278 
95 
Other debtors
6,944 
17,183 
7,222 
20,598 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
74 
- 
Trade creditors
808 
574 
Taxes and social security
2,083 
5,732 
Other creditors
47,366 
12,907 
Loans from directors
- 
9,008 
50,331 
28,221 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
5,042 
9,426 
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CARA & THE SKY LIMITED Notes to the Accounts for the year ended 31 May 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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