2023-04-01 SC472306 2024-03-31 SC472306 2023-04-01 2024-03-31 SC472306 2023-03-31 SC472306 2022-04-01 2023-03-31 SC472306 uk-core:WithinOneYear 2023-03-31 SC472306 uk-core:WithinOneYear 2024-03-31 SC472306 uk-core:ShareCapital 2024-03-31 SC472306 uk-core:ShareCapital 2023-03-31 SC472306 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC472306 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC472306 uk-bus:Director1 2023-04-01 2024-03-31 SC472306 uk-core:ToolsEquipment 2023-04-01 2024-03-31 SC472306 uk-core:FurnitureFittings 2023-04-01 2024-03-31 SC472306 uk-core:ToolsEquipment 2023-03-31 SC472306 uk-core:FurnitureFittings 2023-03-31 SC472306 uk-core:FurnitureFittings 2024-03-31 SC472306 uk-core:ToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure SC472306 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC472306 uk-bus:FRS102 2023-04-01 2024-03-31 SC472306 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC472306 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Camabi Ltd
Registered Number:SC472306
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Camabi Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC472306
As at 31 March 2024
Camabi Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,530
1,905
2
1,530
1,905
Current assets
Trade and other receivables
100
6,890
3
1,017
Cash and cash equivalents
8,830
15,720
1,117
Trade and other payables: amounts falling due within one
year
(5,311)
(6,920)
4
(4,194)
8,800
Net current assets
Total assets less current liabilities
10,330
(2,289)
10,330
Net assets/liabilities
(2,289)
Capital and reserves
Called up share capital
300
300
Retained earnings
10,030
(2,589)
10,330
(2,289)
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr A. Sutherland Director
These financial statements were approved and authorised for issue by the Board on 23 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Camabi Ltd
Notes to the Financial Statements
Statutory Information
Camabi Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC472306.
Registered address:
76 Laverock Braes Drive
Grandholme
Aberdeen
Aberdeenshire
AB22 9AG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer equipment
15% Reducing balance
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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5
For the year ended 31 March 2024
Camabi Ltd
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2023
5,050
4,550
500
At 31 March 2024
500
4,550
5,050
Provision for depreciation and impairment
At 01 April 2023
3,145
2,761
384
Charge for year
375
358
17
At 31 March 2024
3,520
3,119
401
At 31 March 2024
Net book value
99
1,431
1,530
At 31 March 2023
116
1,789
1,905
3. Trade and other receivables
2023
2024
£
£
Trade debtors
6,730
-
Other debtors
160
100
100
6,890
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
1,009
481
Other creditors
5,911
4,830
6,920
5,311
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6
For the year ended 31 March 2024
Camabi Ltd
Notes to the Financial Statements Continued
5. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr A. Sutherland, as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £Nil (£Nil).
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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