Registered number
10007676
Cambridge Sword Ltd
Filleted Accounts
28 February 2025
Cambridge Sword Ltd
Registered number: 10007676
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 7,477 7,178
Current assets
Debtors 4 - 2,500
Cash at bank and in hand 13,559 5,364
13,559 7,864
Creditors: amounts falling due within one year 5 (11,999) (9,995)
Net current assets/(liabilities) 1,560 (2,131)
Total assets less current liabilities 9,037 5,047
Creditors: amounts falling due after more than one year 6 (575) (3,478)
Provisions for liabilities (1,421) (1,364)
Net assets 7,041 205
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,040 204
Shareholders' funds 7,041 205
The directors are 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 directors acknowledge their 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.
Sarah Paveley
Director
Approved by the board on 1 April 2025
Cambridge Sword Ltd
Notes to the Accounts
for the year ended 28 February 2025
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.
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:
Equipment 25% Reducing balance
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 18,431
Additions 2,792
At 28 February 2025 21,223
Depreciation
At 1 March 2024 11,253
Charge for the year 2,493
At 28 February 2025 13,746
Net book value
At 28 February 2025 7,477
At 29 February 2024 7,178
4 Debtors 2025 2024
£ £
Trade debtors - 2,500
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,900 2,592
Trade creditors 950 950
Corporation tax 5,134 3,251
Other taxes and social security costs 2,889 3,164
Other creditors 126 38
11,999 9,995
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 575 3,478
7 Other information
Cambridge Sword Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 The Hard
Waterside
Brightlingsea
CO7 0GD
Cambridge Sword Ltd 10007676 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts April 2025 Sarah Paveley No description of principal activity 10007676 2023-03-01 2024-02-29 10007676 core:WithinOneYear 2024-02-29 10007676 core:AfterOneYear 2024-02-29 10007676 core:ShareCapital 2024-02-29 10007676 core:RetainedEarningsAccumulatedLosses 2024-02-29 10007676 2024-03-01 2025-02-28 10007676 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10007676 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 10007676 bus:Director40 2024-03-01 2025-02-28 10007676 2 2024-03-01 2025-02-28 10007676 core:PlantMachinery 2024-03-01 2025-02-28 10007676 countries:England 2024-03-01 2025-02-28 10007676 bus:FRS102 2024-03-01 2025-02-28 10007676 bus:FilletedAccounts 2024-03-01 2025-02-28 10007676 2025-02-28 10007676 core:WithinOneYear 2025-02-28 10007676 core:AfterOneYear 2025-02-28 10007676 core:ShareCapital 2025-02-28 10007676 core:RetainedEarningsAccumulatedLosses 2025-02-28 10007676 core:PlantMachinery 2025-02-28 10007676 2024-02-29 10007676 core:PlantMachinery 2024-02-29 iso4217:GBP xbrli:pure