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Registered number: 10394032
Cardean Bell Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Fisherton Consulting Limited
F9 Mills House
Mills Way
Amesbury
Wiltshire
SP4 7RX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10394032
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 504 1,731
504 1,731
CURRENT ASSETS
Debtors 5 276,166 645,083
Investments 6 474,758 136,832
Cash at bank and in hand 432,934 551,972
1,183,858 1,333,887
Creditors: Amounts Falling Due Within One Year 7 (273,683 ) (523,065 )
NET CURRENT ASSETS (LIABILITIES) 910,175 810,822
TOTAL ASSETS LESS CURRENT LIABILITIES 910,679 812,553
NET ASSETS 910,679 812,553
CAPITAL AND RESERVES
Called up share capital 8 300 300
Profit and Loss Account 910,379 812,253
SHAREHOLDERS' FUNDS 910,679 812,553
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Bell
Director
18 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cardean Bell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10394032 . The registered office is Knapp Farmhouse, Broad Chalke, SALISBURY, Wiltshire, SP5 5HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 5 years
Fixtures & Fittings over 6 years
Computer Equipment over 4 to 5 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,900 7,842 10,742
As at 31 March 2024 2,900 7,842 10,742
Depreciation
As at 1 April 2023 1,942 7,069 9,011
Provided during the period 454 773 1,227
As at 31 March 2024 2,396 7,842 10,238
Net Book Value
As at 31 March 2024 504 - 504
As at 1 April 2023 958 773 1,731
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,759 594,550
VAT 23,209 49,358
Director's loan account 249,198 1,175
276,166 645,083
6. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 474,758 136,832
474,758 136,832
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,826 272,592
Corporation tax 222,537 248,585
Other taxes and social security 2,432 -
Other creditors 228 228
Accruals and deferred income 1,660 1,660
273,683 523,065
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Peter Bell (1,164 ) (251,495 ) 3,472 - (249,197 )
The above loan is unsecured, interest free and repayable on demand.  It will be repaid within 9 months of the year end.
Dividends paid to directors
2024 2023
£ £
Mr Peter Bell 267,170 191,375
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