Cameron Whyte Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 30 April 2024
Company Registration No. 12573486 (England and Wales)
Cameron Whyte Limited
Company Information
Director
K Lennie
Company number
12573486
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Business address
Basepoint Broxbourne
Pindar Road
Hoddesdon
Hertfordshire
United Kingdom
EN11 0FJ
Cameron Whyte Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Cameron Whyte Limited
Balance Sheet
As at 30 April 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
78,422
104,662
Current assets
Stock
16,051
7,823
Debtors
4
469,907
133,946
Cash at bank and in hand
142,373
167,782
628,331
309,551
Creditors: amounts falling due within one year
5
(348,991)
(174,709)
Net current assets
279,340
134,842
Total assets less current liabilities
357,762
239,504
Creditors: amounts falling due after more than one year
6
(44,016)
(46,360)
Net assets
313,746
193,144
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
313,646
193,044
Total equity
313,746
193,144

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Cameron Whyte Limited
Balance Sheet (Continued)
As at 30 April 2024
Page 2
The financial statements were approved and signed by the director and authorised for issue on 23 September 2024
K  Lennie
Director
Company Registration No. 12573486
Cameron Whyte Limited
Notes to the Financial Statements
For the year ended 30 April 2024
Page 3
1
Accounting policies
Company information

Cameron Whyte Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% Straight Line Basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

 

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

All of the company's financial assets and liabilities are basic and measured at amortised cost.

Cameron Whyte Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
1
Accounting policies
(Continued)
Page 4
1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 6 (2023:6).

Cameron Whyte Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 and 30 April 2024
130,971
Depreciation and impairment
At 1 May 2023
26,309
Depreciation charged in the year
26,240
At 30 April 2024
52,549
Carrying amount
At 30 April 2024
78,422
At 30 April 2023
104,662
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
459,065
129,182
Other debtors
9,044
2,875
Prepayments and accrued income
1,798
1,889
469,907
133,946
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
190,950
81,284
Corporation tax
104,220
17,799
Other taxation and social security
11,197
21,590
Other creditors
14,024
9,719
Accruals and deferred income
28,600
44,317
348,991
174,709
Cameron Whyte Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 6
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
44,016
46,360
7
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
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