Registered number
05051502
Cadital Limited
Filleted Accounts
31 July 2024
Cadital Limited
Registered number: 05051502
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,330 5,773
Current assets
Debtors 4 - 4,485
Cash at bank and in hand 80,301 61,617
80,301 66,102
Creditors: amounts falling due within one year 5 (11,802) (5,731)
Net current assets 68,499 60,371
Total assets less current liabilities 72,829 66,144
Creditors: amounts falling due after more than one year 6 (7,700) (10,500)
Net assets 65,129 55,644
Capital and reserves
Called up share capital 2 2
Profit and loss account 65,127 55,642
Shareholders' funds 65,129 55,644
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.
D . Mothershaw
Director
Approved by the board on 6 January 2025
Cadital Limited
Notes to the Accounts
for the year ended 31 July 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:
Office equipment 25% reducing balance
Computer equipment 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Computer equipment Total
£ £ £
Cost
At 1 August 2023 23,493 12,811 36,304
At 31 July 2024 23,493 12,811 36,304
Depreciation
At 1 August 2023 18,931 11,600 30,531
Charge for the year 1,140 303 1,443
At 31 July 2024 20,071 11,903 31,974
Net book value
At 31 July 2024 3,422 908 4,330
At 31 July 2023 4,562 1,211 5,773
4 Debtors 2024 2023
£ £
Trade debtors - 4,075
Other debtors - 410
- 4,485
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 670 650
Taxation and social security costs 11,132 3,771
Other creditors - 1,310
11,802 5,731
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,700 10,500
7 Other information
Cadital Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Park Farm Gardens
South Kirkby
Pontefract
West Yorkshire
WF9 3AF
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