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Registered number: 07108819
Cavalry Design Associates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 07108819
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,347 1,218
1,347 1,218
CURRENT ASSETS
Debtors 5 36,148 31,398
Cash at bank and in hand 7,918 5,068
44,066 36,466
Creditors: Amounts Falling Due Within One Year 6 (16,494 ) (7,804 )
NET CURRENT ASSETS (LIABILITIES) 27,572 28,662
TOTAL ASSETS LESS CURRENT LIABILITIES 28,919 29,880
Creditors: Amounts Falling Due After More Than One Year 7 (23,688 ) (27,765 )
NET ASSETS 5,231 2,115
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 5,131 2,015
SHAREHOLDERS' FUNDS 5,231 2,115
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R D Seals
Director
11th September 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2022 100 14,554 14,654
Profit for the year and total comprehensive income - 26,061 26,061
Dividends paid - (38,600) (38,600)
As at 31 December 2022 and 1 January 2023 100 2,015 2,115
Profit for the year and total comprehensive income - 27,998 27,998
Dividends paid - (24,882) (24,882)
As at 31 December 2023 100 5,131 5,231
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Page 4
Notes to the Financial Statements
1. General Information
Cavalry Design Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07108819 . The registered office is Unit 8 Wheatcroft Business Park Landmere Lane, Edwalton, Nottingham, NG12 4DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 12,282 804 13,086
Additions 462 - 462
As at 31 December 2023 12,744 804 13,548
Depreciation
As at 1 January 2023 11,468 400 11,868
Provided during the period 232 101 333
As at 31 December 2023 11,700 501 12,201
Net Book Value
As at 31 December 2023 1,044 303 1,347
As at 1 January 2023 814 404 1,218
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Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,320 11,666
Other debtors 23,828 19,732
36,148 31,398
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 42 48
Bank loans and overdrafts 4,245 744
Corporation tax 6,537 7,012
Other taxes and social security 5,670 -
16,494 7,804
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 23,688 27,765
23,688 27,765
8. Related Party Transactions
During the year total dividends of £24,882 were paid to the directors (2022: £38,600).
As at the 31 December 2023 the directors owed the business £23,828 (2022: £14,765).
9. Ultimate Controlling Party
The company is controlled by the directors by virtue of their ownership of the issued share capital in the company.
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