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COMPANY REGISTRATION NUMBER: 12167451
CASK'D CAPITAL LIMITED
Filleted Unaudited Financial Statements
31 August 2024
CASK'D CAPITAL LIMITED
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Current assets
Stocks
13,894
Cash at bank and in hand
7,215
--------
-------
13,894
7,215
Creditors: amounts falling due within one year
4
16,355
7,877
--------
-------
Net current liabilities
2,461
662
-------
----
Total assets less current liabilities
( 2,461)
( 662)
-------
----
Net liabilities
( 2,461)
( 662)
-------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 2,561)
( 762)
-------
----
Shareholders deficit
( 2,461)
( 662)
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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 were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
Mr M Mistry
Mr A K Parmar
Director
Director
Company registration number: 12167451
CASK'D CAPITAL LIMITED
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, Tottenham, London, N17 6RA, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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 entity.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. Commissions received or receivable are recognised when the goods are both procured or sold for customers and the significant risks and rewards of the the goods have been transferred to the buyer.
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 stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5
Other creditors
16,350
7,877
--------
-------
16,355
7,877
--------
-------
5. Related party transactions
Included in creditors due within one year, is a balance of £12,250(2023-£4,977) owed to the directors. No interest is charged in respect of this balance.