CAMCO UK LIMITED

Company Registration Number:
NI629184 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CAMCO UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CAMCO UK LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 184,289 97,477
Total fixed assets: 184,289 97,477
Current assets
Stocks: 93,214 110,692
Debtors:   109,742 62,661
Cash at bank and in hand: 81,900 122,607
Investments: 4 11,317 4,685
Total current assets: 296,173 300,645
Creditors: amounts falling due within one year: 5 (193,213) (151,065)
Net current assets (liabilities): 102,960 149,580
Total assets less current liabilities: 287,249 247,057
Creditors: amounts falling due after more than one year: 6 (79,722) (107,828)
Total net assets (liabilities): 207,527 139,229
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 207,525 139,227
Shareholders funds: 207,527 139,229

The notes form part of these financial statements

CAMCO UK 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 18 September 2024
and signed on behalf of the board by:

Name: Mr David Phillips
Status: Director

The notes form part of these financial statements

CAMCO UK 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows Plant and machinery over 5 years Fixture and fittings, tools and equipment over 5 years

CAMCO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

CAMCO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 137,998
Additions 183,323
Disposals (87,042)
At 31 December 2023 234,279
Depreciation
At 01 January 2023 40,521
Charge for year 21,862
On disposals (12,393)
At 31 December 2023 49,990
Net book value
At 31 December 2023 184,289
At 31 December 2022 97,477

CAMCO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Current investments

Unlisted investment in Bitcoin £11,317 (£4,685 FY2022)

CAMCO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank Loans £28,106 (£30,759 FY2022) Trade Creditors £117,266 (£73,726 FY2022) Taxation and social security £42,998 (£45,440 FY2022) Other creditors £4,843 (£1,140 FY2022)

CAMCO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Bank Loans £79,722 (£107,828 FY2022)