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REGISTERED NUMBER: 04750292 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CAMFRIDGE LIMITED

CAMFRIDGE LIMITED (REGISTERED NUMBER: 04750292)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMFRIDGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Dr N J W Wilson
Dr A Pastore
Prof D J Fray
Dr K G Sandeman
M S M Lamb





SECRETARY: Dr N J W Wilson





REGISTERED OFFICE: Unit R4/D, MK2 Business Centre
1-9 Barton Road
Bletchley
Milton Keynes
Buckinghamshire
MK2 3HU





REGISTERED NUMBER: 04750292 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

CAMFRIDGE LIMITED (REGISTERED NUMBER: 04750292)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,547,868 2,193,287
Tangible assets 5 769 1,442
2,548,637 2,194,729

CURRENT ASSETS
Debtors 6 61,154 96,435
Cash at bank 210,308 177,373
271,462 273,808
CREDITORS
Amounts falling due within one year 7 19,983 27,697
NET CURRENT ASSETS 251,479 246,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,800,116

2,440,840

CAPITAL AND RESERVES
Called up share capital 4,144 4,144
Share premium 1,949,682 1,949,682
Other reserves 352,997 -
Retained earnings 493,293 487,014
SHAREHOLDERS' FUNDS 2,800,116 2,440,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

CAMFRIDGE LIMITED (REGISTERED NUMBER: 04750292)

BALANCE SHEET - continued
31 MAY 2024


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 30 August 2024 and were signed on its behalf by:





Dr N J W Wilson - Director


CAMFRIDGE LIMITED (REGISTERED NUMBER: 04750292)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Camfridge 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.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost

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 have been enacted or substantively enacted by the balance sheet 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 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
Research and development expenditure is written off in the profit and loss account in the year in which it is incurred except development expenditure incurred on individual projects. Where the recoverability of this development expenditure can be foreseen with reasonable assurance it is capitalised and amortised in line with sales from the relevant projects.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CAMFRIDGE LIMITED (REGISTERED NUMBER: 04750292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 June 2023 2,193,287
Additions 354,581
At 31 May 2024 2,547,868
NET BOOK VALUE
At 31 May 2024 2,547,868
At 31 May 2023 2,193,287

Development costs represent expenditure on individual projects which is carried forward when its future recoverability can be foreseen with reasonable assurance and is amortised in line with sales from the related projects. These are considered to be special circumstances why capitalised development costs are not to be treated as a realised loss when determining distributable reserves.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 8,008
DEPRECIATION
At 1 June 2023 6,566
Charge for year 673
At 31 May 2024 7,239
NET BOOK VALUE
At 31 May 2024 769
At 31 May 2023 1,442

CAMFRIDGE LIMITED (REGISTERED NUMBER: 04750292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,218 35,586
Other debtors 51,936 60,849
61,154 96,435

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,608 19,581
Taxation and social security 5,074 5,132
Other creditors 4,301 2,984
19,983 27,697