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REGISTERED NUMBER: 05619108 (England and Wales)













Financial Statements

for the Period 1 April 2023 to 30 September 2024

for

Cayen Ltd

Cayen Ltd (Registered number: 05619108)






Contents of the Financial Statements
for the period 1 April 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cayen Ltd

Company Information
for the period 1 April 2023 to 30 September 2024







DIRECTOR: Mr N D J Sayles



SECRETARY: Ms F E Sayles



REGISTERED OFFICE: 7 Hebden Road
SCUNTHORPE
North Lincolnshire
DN15 8DT



REGISTERED NUMBER: 05619108 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Yorkshire Bank
163 High Street
SCUNTHORPE
DN15 6EJ

Cayen Ltd (Registered number: 05619108)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,030 22,231

CURRENT ASSETS
Debtors 5 287 -
Cash at bank 1,462 2,053
1,749 2,053
CREDITORS
Amounts falling due within one year 6 8,679 8,924
NET CURRENT LIABILITIES (6,930 ) (6,871 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,100

15,360

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,098 15,358
SHAREHOLDERS' FUNDS 12,100 15,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Cayen Ltd (Registered number: 05619108)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





Mr N D J Sayles - Director


Cayen Ltd (Registered number: 05619108)

Notes to the Financial Statements
for the period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

Cayen Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Motor vehicles - 16% on cost and 13% on cost
Computer equipment - 15% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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 other future taxable profits.

Cayen Ltd (Registered number: 05619108)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank is classified as a basic financial instrument and is measured at transaction price.
Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 30 September 2024 5,071 23,401 3,014 31,486
DEPRECIATION
At 1 April 2023 5,071 1,947 2,237 9,255
Charge for period - 2,923 278 3,201
At 30 September 2024 5,071 4,870 2,515 12,456
NET BOOK VALUE
At 30 September 2024 - 18,531 499 19,030
At 31 March 2023 - 21,454 777 22,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 287 -

Cayen Ltd (Registered number: 05619108)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 511 467
Tax 58 316
VAT - 1,098
Directors' current accounts 5,110 4,043
Accrued expenses 3,000 3,000
8,679 8,924

7. RELATED PARTY DISCLOSURES

There is a directors loan account balance of £5,110 (2023: £4,043). This amount is unsecured and interest has been charged at market rate.