CADLAY DESIGNS LIMITED

Company Registration Number:
02159286 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CADLAY DESIGNS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CADLAY DESIGNS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 13,584 12,388
Total fixed assets: 13,584 12,388
Current assets
Stocks: 287,459 181,113
Debtors:   405,603 161,386
Cash at bank and in hand: 774,592 926,334
Total current assets: 1,467,654 1,268,833
Creditors: amounts falling due within one year:   (1,019,150) (1,017,744)
Net current assets (liabilities): 448,504 251,089
Total assets less current liabilities: 462,088 263,477
Provision for liabilities: (3,337) (2,300)
Total net assets (liabilities): 458,751 261,177
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 457,751 260,177
Shareholders funds: 458,751 261,177

The notes form part of these financial statements

CADLAY DESIGNS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 August 2024
and signed on behalf of the board by:

Name: Mr P R Bicknell
Status: Director

The notes form part of these financial statements

CADLAY DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Long leasehold - in accordance with the property Fixtures and fittings - 25% on reducing balance

Valuation and information policy

Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Other accounting policies

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. 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.

CADLAY DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 7 8

CADLAY DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 71,069
Additions 2,705
At 31 December 2023 73,774
Depreciation
At 01 January 2023 58,681
Charge for year 1,509
At 31 December 2023 60,190
Net book value
At 31 December 2023 13,584
At 31 December 2022 12,388