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REGISTERED NUMBER: 03058360 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CADET ENGINEERING LIMITED

CADET ENGINEERING LIMITED (REGISTERED NUMBER: 03058360)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CADET ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Dr G S Sanghera
S T Williams



REGISTERED OFFICE: 10 Sheene Road
Leicester
Leicestershire
LE4 1BF



REGISTERED NUMBER: 03058360 (England and Wales)



AUDITORS: SFB Group Limited
Chartered Accountants
Statutory Auditor
Unit 8 Oak Spinney Park
Ratby Lane
Leicester Forest East
Leicester
LE3 3AW



BANKERS: Santander UK PLC
BBAM
Bridle Road
Bootle
Merseyside
L30 4GB

CADET ENGINEERING LIMITED (REGISTERED NUMBER: 03058360)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,326 16,959

CREDITORS
Amounts falling due within one year 5 340,799 404,809
NET CURRENT LIABILITIES (340,799 ) (404,809 )
TOTAL ASSETS LESS CURRENT LIABILITIES (327,473 ) (387,850 )

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings (352,473 ) (412,850 )
SHAREHOLDERS' FUNDS (327,473 ) (387,850 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





S T Williams - Director


CADET ENGINEERING LIMITED (REGISTERED NUMBER: 03058360)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cadet Engineering 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Tangible fixed assets
Tangible fixed assets 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 either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Plant and machinery15% per annum on net book amount
Fixtures and fittings20% per annum on net book amount
Motor vehicles25% per annum on net book amount

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.

Going concern
Cadet Engineering Limited is completely dependent upon the ongoing financial support of it's parent company (Kaby Engineers Limited) in order to continue trading.

3. EMPLOYEES AND DIRECTORS

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

CADET ENGINEERING LIMITED (REGISTERED NUMBER: 03058360)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 76,091
DEPRECIATION
At 1 April 2023 59,132
Charge for year 3,633
At 31 March 2024 62,765
NET BOOK VALUE
At 31 March 2024 13,326
At 31 March 2023 16,959

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 339,899 403,909
Other creditors 900 900
340,799 404,809

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Carvell BFP FCA (Senior Statutory Auditor)
for and on behalf of SFB Group Limited

7. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Kaby Engineers Limited, the parent undertaking, with ownership of 100% of the share capital. Kaby Engineers Limited is controlled by the Sanghera family trusts.