Company registration number 04308095 (England and Wales)
CARDINAL MANUFACTURING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CARDINAL MANUFACTURING LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
Detailed trading and profit and loss account
CARDINAL MANUFACTURING LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CARDINAL MANUFACTURING LIMITED FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cardinal Manufacturing Limited for the year ended 31 March 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Cardinal Manufacturing Limited, as a body, in accordance with the terms of our engagement letter dated 29 November 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Cardinal Manufacturing Limited and state those matters that we have agreed to state to the board of directors of Cardinal Manufacturing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cardinal Manufacturing Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Cardinal Manufacturing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Cardinal Manufacturing Limited. You consider that Cardinal Manufacturing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cardinal Manufacturing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Malcolm Piper & Company Limited
12 September 2024
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
CARDINAL MANUFACTURING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
48,800
48,800
Cash at bank and in hand
1,608
1,608
50,408
50,408
Creditors: amounts falling due within one year
4
(1,682)
(1,682)
Net current assets
48,726
48,726
Capital and reserves
Called up share capital
5
90,000
90,000
Profit and loss reserves
(41,274)
(41,274)
Total equity
48,726
48,726

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

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their 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.

The financial statements were approved by the board of directors and authorised for issue on 12 September 2024 and are signed on its behalf by:
Mr B Fisher
Mr N E Joels
Director
Director
Company Registration No. 04308095
CARDINAL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Cardinal Manufacturing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, B44 8LS.

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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:

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
Taxation

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

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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CARDINAL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,552
1,552
Amounts owed by group undertakings
46,860
46,860
Other debtors
388
388
48,800
48,800
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,682
1,682
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4,000
4,000
4,000
4,000
CARDINAL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
5
Called up share capital
(Continued)
- 5 -
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
8% Redeemable preference shares of £1 each
86,000
86,000
86,000
86,000
Preference shares classified as equity
86,000
86,000
Total equity share capital
90,000
90,000
6
Parent company

The company is a wholly-owned subsidiary of Cathedral Products (UK) Limited, whose registered office address is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, B44 8LS. Its ultimate controlling party is Sandlido Limited, whose registered office address is Suite 3 Middlesex House, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF. Both of these companies are incorporated in England and Wales.

2024-03-312023-04-01true12 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr Brian FisherMr Nicholas Emanuel Joelsfalsefalse043080952023-04-012024-03-31043080952024-03-31043080952023-03-3104308095core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3104308095core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104308095core:ShareCapital2024-03-3104308095core:ShareCapital2023-03-3104308095core:RetainedEarningsAccumulatedLosses2024-03-3104308095core:RetainedEarningsAccumulatedLosses2023-03-3104308095bus:Director12023-04-012024-03-3104308095bus:Director22023-04-012024-03-31043080952022-04-012023-03-3104308095core:CurrentFinancialInstruments2024-03-3104308095core:CurrentFinancialInstruments2023-03-3104308095core:WithinOneYear2024-03-3104308095core:WithinOneYear2023-03-3104308095bus:EntityNoLongerTradingButTradedInPast2023-04-012024-03-3104308095bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104308095bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104308095bus:FRS1022023-04-012024-03-3104308095bus:AuditExemptWithAccountantsReport2023-04-012024-03-3104308095bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP