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REGISTERED NUMBER: 06597620 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

Caddology Limited

Caddology Limited (Registered number: 06597620)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Caddology Limited

COMPANY INFORMATION
for the year ended 31 May 2024







Director: D Danfer





Registered office: 5 Etonhurst Close
Exeter
Devon
EX2 9QZ





Registered number: 06597620 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Caddology Limited (Registered number: 06597620)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,950 4,646

Current assets
Debtors 5 600 11,659
Cash at bank 31,325 49,837
31,925 61,496
Creditors
Amounts falling due within one year 6 13,900 19,600
Net current assets 18,025 41,896
Total assets less current liabilities 21,975 46,542

Creditors
Amounts falling due after more than
one year

7

12,510

14,755
Net assets 9,465 31,787

Capital and reserves
Called up share capital 8 1 1
Retained earnings 9,464 31,786
Shareholders' funds 9,465 31,787

Caddology Limited (Registered number: 06597620)

BALANCE SHEET - continued
31 May 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





D Danfer - Director


Caddology Limited (Registered number: 06597620)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Caddology 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by the reference to the stage of completion of the contact. The stage of completion of a contact 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:

Computer equipment - 15% reducing balance
Software - 15% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Caddology Limited (Registered number: 06597620)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
Software equipment Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 1,918 11,571 13,489
Depreciation
At 1 June 2023 1,751 7,092 8,843
Charge for year 25 671 696
At 31 May 2024 1,776 7,763 9,539
Net book value
At 31 May 2024 142 3,808 3,950
At 31 May 2023 167 4,479 4,646

Caddology Limited (Registered number: 06597620)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 600 11,454
Other debtors - 205
600 11,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,227 2,227
Taxation and social security 9,904 15,181
Other creditors 1,769 2,192
13,900 19,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 12,510 14,755

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary share £1 1 1

9. RELATED PARTY TRANSACTIONS

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

2024 2023
£    £   
D Danfer
Balance outstanding at start of year 868 (1,858 )
Amounts advanced 64,104 62,721
Amounts repaid (64,510 ) (59,995 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 462 868

10. ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is the director and sole shareholder D Danfer.