Company Registration No. 11698457 (England and Wales)
CAVENDISH SINELS LIMITED
Unaudited accounts
for the year ended 31 March 2023
CAVENDISH SINELS LIMITED
Unaudited accounts
Contents
CAVENDISH SINELS LIMITED
Company Information
for the year ended 31 March 2023
Directors
Peter Henry Kent
Philip Sinel
Company Number
11698457 (England and Wales)
Registered Office
64 NEW CAVENDISH STREET
LONDON
W1G 8TB
ENGLAND
CAVENDISH SINELS LIMITED
Statement of financial position
as at 31 March 2023
Intangible assets
18,012
20,471
Cash at bank and in hand
38,376
11,717
Creditors: amounts falling due within one year
(151,992)
(131,015)
Net current liabilities
(6,028)
(12,830)
Total assets less current liabilities
12,151
8,522
Creditors: amounts falling due after more than one year
(16,185)
(21,040)
Net liabilities
(4,034)
(12,518)
Called up share capital
2
2
Profit and loss account
(4,036)
(12,520)
Shareholders' funds
(4,034)
(12,518)
For the year ending 31 March 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 28 February 2024 and were signed on its behalf by
Peter Henry Kent
Director
Company Registration No. 11698457
CAVENDISH SINELS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
CAVENDISH SINELS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11698457. The registered office is 64 NEW CAVENDISH STREET, LONDON, W1G 8TB, 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.
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.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position the directors consider it appropriate to prepare the financial statements on a going concern basis.
Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company.
Accordingly the directors have continued to prepare the financial statements on the going concern basis.
The financial statements are presented in £ Sterling, which is the functional currency of the Company
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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
CAVENDISH SINELS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
4
Intangible fixed assets
Other
CAVENDISH SINELS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,240
2,672
3,912
At 31 March 2023
1,240
2,672
3,912
At 1 April 2022
1,027
2,004
3,031
Charge for the year
213
501
714
At 31 March 2023
1,240
2,505
3,745
At 31 March 2023
-
167
167
At 31 March 2022
213
668
881
Amounts falling due within one year
Other debtors
38,280
39,197
Amounts falling due after more than one year
Other debtors
66,581
65,544
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,258
4,479
Amounts owed to group undertakings and other participating interests
4,382
4,382
Taxes and social security
23,615
20,997
Other creditors
99,997
84,685
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).