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Company Registration No. 10738976 (England and Wales)
CADAM ENGINEERING LIMITED Unaudited accounts for the year ended 30 April 2023
CADAM ENGINEERING LIMITED Unaudited accounts Contents
Page
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CADAM ENGINEERING LIMITED Company Information for the year ended 30 April 2023
Director
David Ing
Company Number
10738976 (England and Wales)
Registered Office
UNIT 23 COLEMEADOW ROAD MOONS MOAT NORTH INDUSTRIAL ESTATE REDDITCH WORCESTERSHIRE B98 9PB ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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CADAM ENGINEERING LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,706 
10,228 
Current assets
Inventories
- 
2,500 
Debtors
4,671 
7,798 
Cash at bank and in hand
4,591 
4,033 
9,262 
14,331 
Creditors: amounts falling due within one year
(18,413)
(17,862)
Net current liabilities
(9,151)
(3,531)
Net assets
1,555 
6,697 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,554 
6,696 
Shareholders' funds
1,555 
6,697 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
David Ing Director Company Registration No. 10738976
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CADAM ENGINEERING LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
CADAM ENGINEERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10738976. The registered office is UNIT 23 COLEMEADOW ROAD, MOONS MOAT NORTH INDUSTRIAL ESTATE, REDDITCH, WORCESTERSHIRE, B98 9PB, 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line Method
Fixtures & fittings
20% Straight Line Method
Computer equipment
20% Straight Line Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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CADAM ENGINEERING LIMITED Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
10,779 
527 
133 
11,439 
Additions
1,210 
750 
- 
1,960 
At 30 April 2023
11,989 
1,277 
133 
13,399 
Depreciation
At 1 May 2022
1,078 
106 
27 
1,211 
Charge for the year
1,199 
256 
27 
1,482 
At 30 April 2023
2,277 
362 
54 
2,693 
Net book value
At 30 April 2023
9,712 
915 
79 
10,706 
At 30 April 2022
9,701 
421 
106 
10,228 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
1,745 
4,871 
Accrued income and prepayments
2,926 
2,926 
Other debtors
- 
1 
4,671 
7,798 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,696 
4,760 
Trade creditors
2,929 
1,943 
Taxes and social security
256 
- 
Other creditors
1,164 
- 
Loans from directors
6,023 
11,159 
Accruals
1,345 
- 
18,413 
17,862 
7
Transactions with related parties
At the year end there was a balance of £6023.13 (2022 - £11158) owed to sole director, Mr David Ing.
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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