General Information
CAIN ASSOCIATES LLP is a limited liability partnership, registered in England and Wales, registration number OC360704, registration address 297 BROADWAY, BEXLEYHEATH, Kent, DA6 8DG.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The Proprietors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
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:
Plant and machinery etc |
25% on costs |
|
2. |
Staff Costs
|
31/03/2024 £ |
|
31/03/2023 £ |
Wages and salaries |
93,593 |
|
176,780 |
Social security costs |
2,298 |
|
10,155 |
Pension costs, defined contribution plan |
1,613 |
|
2,654 |
Other staff costs |
1,725 |
|
1,473 |
|
99,229 |
|
191,062 |
|
3. |
Average number of employees
Average number of employees during the year was 3 (2023 : 3).
|
4. |
Tangible fixed assets
Cost or valuation |
Plant and machinery etc |
|
Total |
|
£ |
|
£ |
At 01 April 2023 |
134,235 |
|
134,235 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 31 March 2024 |
134,235 |
|
134,235 |
Depreciation |
At 01 April 2023 |
131,944 |
|
131,944 |
Charge for year |
705 |
|
705 |
On disposals |
- |
|
- |
At 31 March 2024 |
132,649 |
|
132,649 |
Net book values |
Closing balance as at 31 March 2024 |
1,586 |
|
1,586 |
Opening balance as at 01 April 2023 |
2,291 |
|
2,291 |
|
5. |
Members' Interests
|
Members' capital |
|
Other reserves |
|
Total |
|
Loans and other debts due to members less any amounts due from members included in debtors |
|
Total |
|
Balance at 01 April 2023 |
109,511 |
|
- |
|
109,511 |
|
- |
|
109,511 |
Profit for the period available for discretionary division among members |
- |
|
254,233 |
|
254,233 |
|
- |
|
254,233 |
Members' interests after profit for the period |
109,511 |
|
254,233 |
|
363,744 |
|
- |
|
363,744 |
Introduced by members |
- |
|
- |
|
- |
|
- |
|
- |
Repaid to members |
(105,492) |
|
- |
|
(105,492) |
|
- |
|
(105,492) |
Drawings |
- |
|
- |
|
- |
|
(87,358) |
|
(87,358) |
Balance at 31 March 2024 |
4,019 |
|
254,233 |
|
258,252 |
|
(87,358) |
|
170,894 |
|
|
2
|