CONSTRUCTION ASSET MAINTENANCE (CAM) LTD
Registered number: 08994598
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,461 27,466
Current assets
Debtors 4 47,047 45,047
Cash at bank and in hand 13,508 27,880
60,555 72,927
Creditors: amounts falling due within one year 5 (32,667) (21,176)
Net current assets 27,888 51,751
Total assets less current liabilities 51,349 79,217
Creditors: amounts falling due after more than one year 6 (24,297) (34,976)
Net assets 27,052 44,241
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,952 44,141
Shareholders' funds 27,052 44,241
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Enright
Director
Approved by the board on 23 January 2025
CONSTRUCTION ASSET MAINTENANCE (CAM) LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor Vehicle over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 10,832 61,635 72,467
Additions 4,441 - 4,441
At 30 April 2024 15,273 61,635 76,908
Depreciation
At 1 May 2023 9,642 35,359 45,001
Charge for the year 1,877 6,569 8,446
At 30 April 2024 11,519 41,928 53,447
Net book value
At 30 April 2024 3,754 19,707 23,461
At 30 April 2023 1,190 26,276 27,466
4 Debtors 2024 2023
£ £
Trade debtors - 14,750
Other debtors 47,047 30,297
47,047 45,047
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 15,248 9,204
Taxation and social security costs 10,235 6,320
Other creditors 7,184 5,652
32,667 21,176
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 24,297 34,976
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
James Cullen
[Loan 1] 15,148 23,524 (15,148) 23,524
Michael Enright
[Loan 1] 15,148 23,524 (15,148) 23,524
30,296 47,048 (30,296) 47,048
8 Related party transactions 2024 2023
Loan paid to Directors £ £
James Cullen 23,524 15,148
Michael Enright 23,524 15,148
9 Controlling party
During the year, the company was wholly under the control of directors.
10 Other information
CONSTRUCTION ASSET MAINTENANCE (CAM) LTD is a private company limited by shares and incorporated in England. Its registered office is:
45 SHEAF STREET
TOP FLOOR
DAVENTRY
NORTHAMPTONSHIRE
NN11 4AA
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