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REGISTERED NUMBER: 06088962 (England and Wales)















CADMAN PLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






CADMAN PLANT LIMITED (REGISTERED NUMBER: 06088962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


CADMAN PLANT LIMITED (REGISTERED NUMBER: 06088962)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 1,125

CURRENT ASSETS
Stocks - 75
Debtors 5 535 10,241
Cash at bank and in hand 20,015 261,306
20,550 271,622
CREDITORS
Amounts falling due within one year 6 (1,160 ) (2,688 )
NET CURRENT ASSETS 19,390 268,934
TOTAL ASSETS LESS CURRENT LIABILITIES 19,390 270,059

CREDITORS
Amounts falling due after more than one
year

7

(139,944

)

(389,944

)
NET LIABILITIES (120,554 ) (119,885 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (121,554 ) (120,885 )
SHAREHOLDERS' FUNDS (120,554 ) (119,885 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CADMAN PLANT LIMITED (REGISTERED NUMBER: 06088962)

BALANCE SHEET - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr N J Cadman - Director


CADMAN PLANT LIMITED (REGISTERED NUMBER: 06088962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Cadman Plant 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.

The financial statements are prepared in sterling which is the functional currency of the company and values are rounded to the nearest pound.

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
The turnover as shown in the profit and loss account represents the value of work performed during the year net of VAT and trade discounts.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 12.5% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

During the year all fixed assets held by the company at the year end have been written down to their residual values.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are included at amortised cost.

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.


CADMAN PLANT LIMITED (REGISTERED NUMBER: 06088962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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 agreements
Assets held under hire purchase agreements are initially measured at their transaction price and subsequently measured at amortised cost using the effective interest rate method.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Going concern
At the balance sheet date the company's liabilities exceeded its assets by £120,569 (2023: £119,885). The company's directors have ensured that creditors of the company will continue their support in order to ensure that that company has sufficient resources, including cash, to meet continuing trading requirements whilst a structured asset realisation plan is carried out, therefore the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CADMAN PLANT LIMITED (REGISTERED NUMBER: 06088962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 45,200 6,952 6,618 58,770
Disposals (29,000 ) (6,952 ) (1,322 ) (37,274 )
At 30 June 2024 16,200 - 5,296 21,496
DEPRECIATION
At 1 July 2023 44,475 6,752 6,418 57,645
Charge for year - - 170 170
Eliminated on disposal (28,275 ) (6,752 ) (1,292 ) (36,319 )
At 30 June 2024 16,200 - 5,296 21,496
NET BOOK VALUE
At 30 June 2024 - - - -
At 30 June 2023 725 200 200 1,125


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 535 535
Other taxes - 706
Prepayments and accrued income - 9,000
535 10,241

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,188
Other taxes 160 -
Accruals and deferred income 1,000 1,500
1,160 2,688

CADMAN PLANT LIMITED (REGISTERED NUMBER: 06088962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts due to related
undertakings 139,944 389,944
139,944 389,944

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Due to related undertakings 139,944 389,944

Amounts due to related undertakings are secured by way of a debenture dated 22 January 2009 over the assets of the company.