Company Registration No. 11277589 (England and Wales)
Cavendish of London Limited
Unaudited accounts
for the year ended 30 June 2024
Cavendish of London Limited
Unaudited accounts
Contents
Cavendish of London Limited
Company Information
for the year ended 30 June 2024
Company Number
11277589 (England and Wales)
Registered Office
11-15a Lyon Road
London
SW19 2RL
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Cavendish of London Limited
Statement of financial position
as at 30 June 2024
Intangible assets
1,312
1,662
Tangible assets
23,883
46,747
Cash at bank and in hand
21,014
98,270
Creditors: amounts falling due within one year
(99,519)
(99,713)
Net current assets
30,539
87,767
Total assets less current liabilities
55,734
136,176
Creditors: amounts falling due after more than one year
(20,097)
(51,779)
Provisions for liabilities
Deferred tax
(3,113)
(8,882)
Called up share capital
100
100
Profit and loss account
32,424
75,415
Shareholders' funds
32,524
75,515
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2025 and were signed on its behalf by
Stewart Tophill
Director
Company Registration No. 11277589
Cavendish of London Limited
Notes to the Accounts
for the year ended 30 June 2024
Cavendish of London Limited is a private company, limited by shares, registered in England and Wales, registration number 11277589. The registered office is 11-15a Lyon Road, London, SW19 2RL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
5 years straight line
Computer equipment
3 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Cavendish of London Limited
Notes to the Accounts
for the year ended 30 June 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
129,226
-
4,033
133,259
Additions
-
3,000
1,499
4,499
At 30 June 2024
129,226
3,000
5,532
137,758
At 1 July 2023
83,159
-
3,353
86,512
Charge for the year
25,845
600
918
27,363
At 30 June 2024
109,004
600
4,271
113,875
At 30 June 2024
20,222
2,400
1,261
23,883
At 30 June 2023
46,067
-
680
46,747
Amounts falling due within one year
Trade debtors
118,296
98,604
Accrued income and prepayments
1,062
-
Other debtors
(10,314)
(9,394)
Cavendish of London Limited
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
(920)
-
Obligations under finance leases and hire purchase contracts
21,034
15,195
Trade creditors
23,081
19,306
Taxes and social security
7,863
24,935
Other creditors
8,778
2,590
Loans from directors
64
(1,643)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
21,033
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
At the year end the company owed the director £64 (2023: The director owed the company £1,643).
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Average number of employees
During the year the average number of employees was 4 (2023: 4).