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REGISTERED NUMBER: 05391146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Cavenagh Associates Limited

Cavenagh Associates Limited (Registered number: 05391146)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cavenagh Associates Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M C Cavengah-Thornhill





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 05391146 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Cavenagh Associates Limited (Registered number: 05391146)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 957 11

CURRENT ASSETS
Stocks 12,448 -
Debtors 5 19,649 19,464
Cash at bank 4,016 13,532
36,113 32,996
CREDITORS
Amounts falling due within one year 6 13,937 22,194
NET CURRENT ASSETS 22,176 10,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,133

10,813

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,132 10,812
23,133 10,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 20 January 2025 and were signed by:





M C Cavengah-Thornhill - Director


Cavenagh Associates Limited (Registered number: 05391146)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Cavenagh Associates Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cavenagh Associates Limited (Registered number: 05391146)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 5,198
Additions 1,378
At 31 May 2024 6,576
DEPRECIATION
At 1 June 2023 5,187
Charge for year 432
At 31 May 2024 5,619
NET BOOK VALUE
At 31 May 2024 957
At 31 May 2023 11

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Other debtors 14,890 14,705

Amounts falling due after more than one year:
Other debtors 4,759 4,759

Aggregate amounts 19,649 19,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 11,629 21,132
Other creditors 2,308 1,062
13,937 22,194

Cavenagh Associates Limited (Registered number: 05391146)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
M C Cavengah-Thornhill
Balance outstanding at start of year 14,100 2,014
Amounts advanced 35,100 67,086
Amounts repaid (35,100 ) (55,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,100 14,100