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REGISTERED NUMBER: 03230438 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CARDINAL CONTRACTS LIMITED

CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARDINAL CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mrs E R Fenlon





REGISTERED OFFICE: 7 Norwood Avenue
Cheadle Hulme
Stockport
SK8 5EJ





REGISTERED NUMBER: 03230438 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,293 6,287

CURRENT ASSETS
Debtors 5 143,481 148,549
Cash at bank 254,668 217,747
398,149 366,296
CREDITORS
Amounts falling due within one year 6 166,281 177,038
NET CURRENT ASSETS 231,868 189,258
TOTAL ASSETS LESS CURRENT LIABILITIES 245,161 195,545

CREDITORS
Amounts falling due after more than one year 7 (4,822 ) -

PROVISIONS FOR LIABILITIES (3,106 ) (1,106 )
NET ASSETS 237,233 194,439

CAPITAL AND RESERVES
Called up share capital 22 22
Capital redemption reserve 114,980 114,980
Retained earnings 122,231 79,437
SHAREHOLDERS' FUNDS 237,233 194,439

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

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

CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

BALANCE SHEET - continued
31 AUGUST 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 18 April 2024 and were signed by:





Mrs E R Fenlon - Director


CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Cardinal Contracts 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 principal activity of the company is the provision of commercial contract cleaning services, trading under the name of "Minster Cleaning Services".

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional
currency of the company, rounded to the nearest £1.

Turnover
Turnover represents net invoiced sales of cleaning services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Property improvements - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.


CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 143 (2022 - 165 ) .

CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 September 2022 1,542 21,134 18,289
Additions - 175 -
Disposals - - -
At 31 August 2023 1,542 21,309 18,289
DEPRECIATION
At 1 September 2022 605 19,185 16,704
Charge for year 31 319 238
Eliminated on disposal - - -
At 31 August 2023 636 19,504 16,942
NET BOOK VALUE
At 31 August 2023 906 1,805 1,347
At 31 August 2022 937 1,949 1,585

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 8,055 24,081 73,101
Additions 8,188 2,763 11,126
Disposals (8,055 ) - (8,055 )
At 31 August 2023 8,188 26,844 76,172
DEPRECIATION
At 1 September 2022 7,601 22,719 66,814
Charge for year 2,047 1,031 3,666
Eliminated on disposal (7,601 ) - (7,601 )
At 31 August 2023 2,047 23,750 62,879
NET BOOK VALUE
At 31 August 2023 6,141 3,094 13,293
At 31 August 2022 454 1,362 6,287

CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 8,188
At 31 August 2023 8,188
DEPRECIATION
Charge for year 2,047
At 31 August 2023 2,047
NET BOOK VALUE
At 31 August 2023 6,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 143,009 148,077
Other debtors 472 472
143,481 148,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 8) 1,355 -
Trade creditors 19,662 19,681
Taxation and social security 105,039 91,620
Other creditors 40,225 65,737
166,281 177,038

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 8) 4,822 -

CARDINAL CONTRACTS LIMITED (REGISTERED NUMBER: 03230438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.23 31.8.22
£    £   
Net obligations repayable:
Within one year 1,355 -
Between one and five years 4,822 -
6,177 -

Non-cancellable operating leases
31.8.23 31.8.22
£    £   
Within one year 2,675 240
Between one and five years 18,922 23,161
21,597 23,401

9. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to E Fenlon, director, of £14,537 (2022: £39,730) and amounts owed to A White, a shareholder, of £20,310 (2022: £20,310). No interest is payable on these balances and there is no set terms of repayment.