1 September 2023 v2025.21.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP022213022023-09-012024-08-31022213022024-08-31022213022023-08-3102221302core:WithinOneYear2024-08-3102221302core:WithinOneYear2023-08-3102221302core:ShareCapital2024-08-3102221302core:ShareCapital2023-08-3102221302core:OtherReservesSubtotal2024-08-3102221302core:OtherReservesSubtotal2023-08-3102221302core:RetainedEarningsAccumulatedLosses2024-08-3102221302core:RetainedEarningsAccumulatedLosses2023-08-3102221302bus:Director12023-09-012024-08-3102221302bus:RegisteredOffice2023-09-012024-08-3102221302core:PatentsTrademarksLicencesConcessionsSimilar2023-09-012024-08-3102221302core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-012024-08-3102221302core:OtherResidualIntangibleAssets2023-09-012024-08-3102221302core:PlantMachinery2023-09-012024-08-3102221302core:FurnitureFittings2023-09-012024-08-3102221302core:OfficeEquipment2023-09-012024-08-31022213022022-09-012023-08-3102221302core:IntangibleAssetsOtherThanGoodwill2024-08-3102221302core:IntangibleAssetsOtherThanGoodwill2023-09-0102221302core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3102221302core:IntangibleAssetsOtherThanGoodwill2023-08-3102221302core:PlantMachinery2024-08-3102221302core:PlantMachinery2023-09-0102221302core:PlantMachinery2023-08-3102221302core:CostValuation2023-09-0102221302core:CostValuation2024-08-3102221302core:BetweenOneFiveYears2024-08-3102221302core:BetweenOneFiveYears2023-08-310222130212023-09-012024-08-3102221302countries:EnglandWales2023-09-012024-08-3102221302bus:AuditExemptWithAccountantsReport2023-09-012024-08-3102221302bus:PrivateLimitedCompanyLtd2023-09-012024-08-3102221302bus:SmallEntities2023-09-012024-08-3102221302bus:FullAccounts2023-09-012024-08-31
Company registration number:
02221302
Camntech Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2024
Camntech Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Camntech Limited
Year ended
31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Camntech Limited
for the year ended
31 August 2024
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Camntech Limited
, as a body, in accordance with the terms of our engagement letter dated 18 June 2020. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Camntech Limited
and state those matters that we have agreed to state to the Board of Directors of
Camntech Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Camntech Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Camntech Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Camntech Limited
. You consider that
Camntech Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Camntech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Coulman Scott LLP
20-22 Wenlock Road
London
N1 7GU
United Kingdom
Date:
29 April 2025
Camntech Limited
Statement of Financial Position
31 August 2024
20242023
Note££
Fixed assets    
Intangible assets 5
3,229
 
3,844
 
Tangible assets 6
10,238
 
12,385
 
Investments 7
1
 
1
 
13,468
 
16,230
 
Current assets    
Stocks
137,529
 
115,313
 
Debtors 8
156,972
 
154,506
 
Cash at bank and in hand
730,038
 
633,607
 
1,024,539
 
903,426
 
Creditors: amounts falling due within one year 9
(119,999
)
(85,764
)
Net current assets
904,540
 
817,662
 
Total assets less current liabilities 918,008   833,892  
Provisions for liabilities
(100,000
) -  
Net assets
818,008
 
833,892
 
Capital and reserves    
Called up share capital
67
 
68
 
Other reserves
123
 
123
 
Profit and loss account
817,818
 
833,701
 
Shareholders funds
818,008
 
833,892
 
For the year ending
31 August 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 April 2025
, and are signed on behalf of the board by:
H Smith
Director
Company registration number:
02221302
Camntech Limited
Notes to the Financial Statements
Year ended
31 August 2024

1 General information

Camntech is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Manor Farm Low Road
,
Fenstanton
,
Huntingdon
,
PE28 9JD
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
The disclosure requirements of section 1A of FRS102 has been applied other than where additional disclosure is required to show a true and fair view.

3 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements have been rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred mainly in relation to contractual hourly staff rates and materials as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Patents, trademarks and licences
10 years straight line
Development costs
3 years straight line
Other intangible assets
3 years straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line / 15% reducing balance
Fixtures and fittings
25% straight line
Office equipment
33.33% straight line

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment, Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in the profit or loss.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

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.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. The company leased a vehicle that has ended in March 2024 and has entered into a new lease of which is £897.66 for 36 months.

Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
6.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 September 2023
and
31 August 2024
108,850
 
Amortisation  
At
1 September 2023
105,006
 
Charge
615
 
At
31 August 2024
105,621
 
Carrying amount  
At
31 August 2024
3,229
 
At 31 August 2023
3,844
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2023
and
31 August 2024
22,572
 
Depreciation  
At
1 September 2023
10,187
 
Charge
2,147
 
At
31 August 2024
12,334
 
Carrying amount  
At
31 August 2024
10,238
 
At 31 August 2023
12,385
 

7 Investments

Other investments other than loans
£
Cost  
At
1 September 2023
1
 
At
31 August 2024
1
 
Impairment  
At
1 September 2023
and
31 August 2024
-  
Carrying amount  
At
31 August 2024
1
 
At 31 August 2023
1
 

8 Debtors

20242023
££
Trade debtors
145,511
 
135,922
 
Other debtors
11,461
 
18,584
 
156,972
 
154,506
 

9 Creditors: amounts falling due within one year

20242023
££
Trade creditors
6,707
 
2,515
 
Taxation and social security
104,833
 
80,105
 
Other creditors
8,459
 
3,144
 
119,999
 
85,764
 

10 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
8,927
 
16,348.00
 
Later than 1 year and not later than 5 years
14,135
 
32,316.00
 
23,062
 
48,664
 

11 Controlling party

The company was controlled throughout the year by the directors acting in concert.