Registered number
03522696
CINNABAR LIMITED
Unaudited Filleted Accounts
30 June 2024
CINNABAR LIMITED
Registered number: 03522696
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 74,662 85,939
Debtors 3 4,307 -
Cash at bank and in hand 47,503 51,442
126,472 137,381
Creditors: amounts falling due within one year 4 (94,290) (90,987)
Net current assets 32,182 46,394
Total assets less current liabilities 32,182 46,394
Creditors: amounts falling due after more than one year 5 (23,333) (33,209)
Net assets 8,849 13,185
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,749 13,085
Shareholders' funds 8,849 13,185
The director is 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 director acknowledges her 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.
Tracy Kitching
Director
Approved by the board on 15 January 2025
CINNABAR LIMITED
Notes to the Accounts
for the year ended 30 June 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Debtors 2024 2023
£ £
Trade debtors 4,307 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,685 6,210
Trade creditors 7,769 9,305
Directors loan 59,587 59,938
Taxation and social security costs 21,249 15,534
94,290 90,987
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,333 33,209
6 Other information
CINNABAR LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
414 Kings Road
London
SW10 0LJ
CINNABAR LIMITED 03522696 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2025 Tracy Kitching No description of principal activity 03522696 2022-07-01 2023-06-30 03522696 core:WithinOneYear 2023-06-30 03522696 core:AfterOneYear 2023-06-30 03522696 core:ShareCapital 2023-06-30 03522696 core:RetainedEarningsAccumulatedLosses 2023-06-30 03522696 2023-07-01 2024-06-30 03522696 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03522696 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03522696 bus:Director40 2023-07-01 2024-06-30 03522696 1 2023-07-01 2024-06-30 03522696 2 2023-07-01 2024-06-30 03522696 countries:England 2023-07-01 2024-06-30 03522696 bus:FRS102 2023-07-01 2024-06-30 03522696 bus:FilletedAccounts 2023-07-01 2024-06-30 03522696 2024-06-30 03522696 core:WithinOneYear 2024-06-30 03522696 core:AfterOneYear 2024-06-30 03522696 core:ShareCapital 2024-06-30 03522696 core:RetainedEarningsAccumulatedLosses 2024-06-30 03522696 2023-06-30 iso4217:GBP xbrli:pure