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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
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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
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CAVENDISH SINELS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
18,012 
20,471 
Tangible assets
167 
881 
18,179 
21,352 
Current assets
Debtors
107,588 
106,468 
Cash at bank and in hand
38,376 
11,717 
145,964 
118,185 
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)
Capital and reserves
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
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CAVENDISH SINELS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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 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.
Going concern
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.
Presentation currency
The financial statements are presented in £ Sterling, which is the functional currency of the Company
Revenue
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.
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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 fixed assets
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 
£ 
Cost
At 1 April 2022
28,687 
Additions
455 
At 31 March 2023
29,142 
Amortisation
At 1 April 2022
8,216 
Charge for the year
2,914 
At 31 March 2023
11,130 
Net book value
At 31 March 2023
18,012 
At 31 March 2022
20,471 
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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 
Depreciation
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 
Net book value
At 31 March 2023
- 
167 
167 
At 31 March 2022
213 
668 
881 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,727 
1,727 
Other debtors
38,280 
39,197 
41,007 
40,924 
Amounts falling due after more than one year
Other debtors
66,581 
65,544 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,990 
8,945 
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 
Accruals
2,750 
7,527 
151,992 
131,015 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,185 
21,040 
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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