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REGISTERED NUMBER: 03700715 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CAMPBELL ASSOCIATES LIMITED

CAMPBELL ASSOCIATES LIMITED (REGISTERED NUMBER: 03700715)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CAMPBELL ASSOCIATES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: I J Campbell
Mrs J M Campbell
J W Campbell





SECRETARY: I J Campbell





REGISTERED OFFICE: 12 Alma Square
Scarborough
North Yorkshire
YO11 1JU





BUSINESS ADDRESS: Sonitus House
Unit 5b
Chelmsford Road Industrial Estate
Great Dunmow
Essex
CM6 1HD





REGISTERED NUMBER: 03700715 (England and Wales)

CAMPBELL ASSOCIATES LIMITED (REGISTERED NUMBER: 03700715)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,688,523 1,236,980

CURRENT ASSETS
Inventories 378,468 401,477
Debtors 5 2,617,258 3,185,758
Cash at bank and in hand 373,828 160,046
3,369,554 3,747,281
CREDITORS
Amounts falling due within one year 6 1,259,522 1,276,929
NET CURRENT ASSETS 2,110,032 2,470,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,798,555

3,707,332

PROVISIONS FOR LIABILITIES 349,394 257,864
NET ASSETS 3,449,161 3,449,468

CAPITAL AND RESERVES
Called up share capital 176 176
Capital redemption reserve 24 24
Retained earnings 3,448,961 3,449,268
SHAREHOLDERS' FUNDS 3,449,161 3,449,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:



I J Campbell - Director



J W Campbell - Director


CAMPBELL ASSOCIATES LIMITED (REGISTERED NUMBER: 03700715)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Campbell Associates 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 (£).


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.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluded value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment 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 the cost of each asset over its estimated useful life.


Plant and machinery- 33% on cost and 25% on cost
Fixtures and fittings- 25% reducing balance
Motor vehicles- 25% reducing balance
Hire equipment- 33% on cost

Inventories
Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell.

CAMPBELL ASSOCIATES LIMITED (REGISTERED NUMBER: 03700715)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 that have been enacted or substantively enacted by the statement of financial position date date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development expenditure
Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. Although no formal hedging takes place the company enters into derivative financial instruments to minimise exposure to foreign currency risk and these are recorded at fair value in the accounts at each year end with gains or losses being included in cost of sales.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 38 ) .

CAMPBELL ASSOCIATES LIMITED (REGISTERED NUMBER: 03700715)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Hire
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 467,659 207,854 205,153 1,615,017 2,495,683
Additions 84,497 99,332 226,260 887,094 1,297,183
Disposals (15,533 ) - (95,893 ) - (111,426 )
At 31 December 2023 536,623 307,186 335,520 2,502,111 3,681,440
DEPRECIATION
At 1 January 2023 339,953 160,816 106,157 651,777 1,258,703
Charge for year 63,878 29,216 49,339 661,220 803,653
Eliminated on disposal (15,533 ) - (53,906 ) - (69,439 )
At 31 December 2023 388,298 190,032 101,590 1,312,997 1,992,917
NET BOOK VALUE
At 31 December 2023 148,325 117,154 233,930 1,189,114 1,688,523
At 31 December 2022 127,706 47,038 98,996 963,240 1,236,980

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 791,334 953,561
Amounts owed by group undertakings 1,621,707 2,056,327
Other debtors 204,217 175,870
2,617,258 3,185,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 220,522 77,236
Taxation and social security 362,323 631,289
Other creditors 676,677 568,404
1,259,522 1,276,929