Company registration number 09086236 (England and Wales)
Camptech Products Limited
Unaudited
financial statements
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
Camptech Products Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Camptech Products Limited
Statement Of Financial Position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
77,470
86,819
Current assets
Stocks
2,395,275
1,523,189
Debtors
335,916
333,685
Cash at bank and in hand
120,209
104,671
2,851,400
1,961,545
Creditors: amounts falling due within one year
(1,691,233)
(1,269,172)
Net current assets
1,160,167
692,373
Total assets less current liabilities
1,237,637
779,192
Creditors: amounts falling due after more than one year
(231,534)
(241,534)
Provisions for liabilities
(16,531)
(14,202)
Net assets
989,572
523,456
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
989,372
523,256
Total equity
989,572
523,456
Camptech Products Limited
Statement Of Financial Position (continued)
as at 30 November 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 July 2024 and are signed on its behalf by:
M Du
Director
Company Registration No. 09086236
Camptech Products Limited
Notes to the Financial Statements
for the year ended 30 November 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.
Revenue is recognised at the point of sale when goods are first provided to the customer.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Stocks
Stocks are stated at cost less net realisable value.
Taxation
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
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 represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.
Camptech Products Limited
Notes to the Financial Statements (continued)
for the year ended 30 November 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
11
8
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 December 2022
64,042
53,978
118,020
Additions
2,749
2,749
At 30 November 2023
64,042
56,727
120,769
Depreciation and impairment
At 1 December 2022
12,884
18,317
31,201
Depreciation charged in the year
10,232
1,866
12,098
At 30 November 2023
23,116
20,183
43,299
Carrying amount
At 30 November 2023
40,926
36,544
77,470
At 30 November 2022
51,158
35,661
86,819
4
Controlling Interest
The company was under the control of the director M Du by virtue of her 91% shareholding.
5
Company information
Camptech Products Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 36/37 Stretford Motorway Estate, Barton Dock Road, Stretford, Manchester, United Kingdom, M32 0ZH.