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REGISTERED NUMBER: 03128776 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Cavendish Laboratories Limited

Cavendish Laboratories Limited (Registered number: 03128776)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cavendish Laboratories Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs R T Knight





SECRETARY: Mrs R T Knight





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 03128776 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Cavendish Laboratories Limited (Registered number: 03128776)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,349 32,581
32,349 32,581

CURRENT ASSETS
Stocks 9,000 8,000
Debtors 6 241,287 279,239
Cash at bank and in hand 100,792 219,838
351,079 507,077
CREDITORS
Amounts falling due within one year 7 205,331 207,563
NET CURRENT ASSETS 145,748 299,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,097

332,095

PROVISIONS FOR LIABILITIES 8,000 8,000
NET ASSETS 170,097 324,095

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 169,097 323,095
SHAREHOLDERS' FUNDS 170,097 324,095

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

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

The director acknowledges her 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.

Cavendish Laboratories Limited (Registered number: 03128776)

Balance Sheet - continued
30 November 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 8 April 2024 and were signed by:





R T Knight - Director


Cavendish Laboratories Limited (Registered number: 03128776)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Cavendish Laboratories 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 (£).


The company is part of a group.

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.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Intangible assets
Intangible fixed assets represent patents held by the company. These were amortised evenly over their estimated useful life of ten years and were fully amortised in 2018.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

Fixtures and fittings - 33% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.

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.


Cavendish Laboratories Limited (Registered number: 03128776)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 5,000
AMORTISATION
At 1 December 2022
and 30 November 2023 5,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Cavendish Laboratories Limited (Registered number: 03128776)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 134,525
Additions 14,554
Disposals (37,741 )
At 30 November 2023 111,338
DEPRECIATION
At 1 December 2022 101,944
Charge for year 7,750
Eliminated on disposal (30,705 )
At 30 November 2023 78,989
NET BOOK VALUE
At 30 November 2023 32,349
At 30 November 2022 32,581

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 224,001 265,839
Other debtors 17,286 13,400
241,287 279,239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 60,897 40,463
Taxation and social security 118,384 138,207
Other creditors 26,050 28,893
205,331 207,563

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Cavendish Laboratories Holdings Limited, a company registered in England and Wales whose registered office is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, CM1 3WT.

The company's ultimate controlling party is R Knight.