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Company Registration No. 12663981 (England and Wales)
CAMBRIDGE SAUCE LTD Unaudited accounts for the year ended 30 June 2023
CAMBRIDGE SAUCE LTD Unaudited accounts Contents
Page
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CAMBRIDGE SAUCE LTD Company Information for the year ended 30 June 2023
Directors
David Underwood Katie Underwood Jonathan Cefai
Company Number
12663981 (England and Wales)
Registered Office
33 Renard Way Trumpington Cambridge Cambridgeshire CB2 9EW England
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
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CAMBRIDGE SAUCE LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
839 
1,433 
Current assets
Inventories
15,395 
8,134 
Debtors
1,064 
581 
Cash at bank and in hand
1,240 
3,922 
17,699 
12,637 
Creditors: amounts falling due within one year
(69,558)
(62,360)
Net current liabilities
(51,859)
(49,723)
Total assets less current liabilities
(51,020)
(48,290)
Creditors: amounts falling due after more than one year
- 
(125)
Provisions for liabilities
Deferred tax
(159)
(272)
Net liabilities
(51,179)
(48,687)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(51,279)
(48,787)
Shareholders' funds
(51,179)
(48,687)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by
David Underwood Director Company Registration No. 12663981
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CAMBRIDGE SAUCE LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
CAMBRIDGE SAUCE LTD is a private company, limited by shares, registered in England and Wales, registration number 12663981. The registered office is 33 Renard Way, Trumpington, Cambridge, Cambridgeshire, CB2 9EW, 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.
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:
Plant & machinery
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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CAMBRIDGE SAUCE LTD Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
2,377 
At 30 June 2023
2,377 
Depreciation
At 1 July 2022
944 
Charge for the year
594 
At 30 June 2023
1,538 
Net book value
At 30 June 2023
839 
At 30 June 2022
1,433 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,064 
581 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
31 
1,053 
Obligations under finance leases and hire purchase contracts
125 
300 
Trade creditors
534 
628 
Loans from directors
68,868 
60,379 
69,558 
62,360 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
125 
8
Transactions with related parties
At the year end the company owed the director £60,379 (2021: £63,502). This loan is unsecured, interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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