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COMPANY REGISTRATION NUMBER: 14731908
Camion Infrastructure Limited
Filleted Unaudited Financial Statements
31 March 2024
Camion Infrastructure Limited
Financial Statements
Period from 16 March 2023 to 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Camion Infrastructure Limited
Statement of Financial Position
31 March 2024
31 Mar 24
Note
£
Fixed assets
Tangible assets
5
9,406
Current assets
Debtors
6
124,755
Cash at bank and in hand
1,515,680
------------
1,640,435
Creditors: amounts falling due within one year
7
92,258
------------
Net current assets
1,548,177
------------
Total assets less current liabilities
1,557,583
------------
Capital and reserves
Called up share capital
354
Share premium account
2,336,859
Profit and loss account
( 779,630)
------------
Shareholders funds
1,557,583
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
Mr J D Monroe
Director
Company registration number: 14731908
Camion Infrastructure Limited
Notes to the Financial Statements
Period from 16 March 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor 1 Ashley Road, Altrincham, Cheshire, WA14 2DT, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 5 .
5. Tangible assets
Equipment
£
Cost
At 16 March 2023
Additions
10,361
--------
At 31 March 2024
10,361
--------
Depreciation
At 16 March 2023
Charge for the period
955
--------
At 31 March 2024
955
--------
Carrying amount
At 31 March 2024
9,406
--------
6. Debtors
31 Mar 24
£
Other debtors
124,755
---------
7. Creditors: amounts falling due within one year
31 Mar 24
£
Trade creditors
74,659
Social security and other taxes
17,599
--------
92,258
--------
8. Director's advances, credits and guarantees
During the year, advances of £479 were made to the Director and no repayments were made. No interest was charged on the loan.