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Registered number: 13020412
Cadence Construction Consultancy Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13020412
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,074 22,295
20,074 22,295
CURRENT ASSETS
Debtors 5 127,971 219,381
Cash at bank and in hand 340,544 301,293
468,515 520,674
Creditors: Amounts Falling Due Within One Year 6 (209,455 ) (273,075 )
NET CURRENT ASSETS (LIABILITIES) 259,060 247,599
TOTAL ASSETS LESS CURRENT LIABILITIES 279,134 269,894
NET ASSETS 279,134 269,894
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 279,132 269,892
SHAREHOLDERS' FUNDS 279,134 269,894
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Michael Lally
Director
21 May 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Cadence Construction Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13020412 . The registered office is Silvers, 144 Newhall Street, Birmingham, B3 1RY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 November 2024 (2023: year ended 30 November 2023).
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 5)
8 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 17,250 16,422 33,672
Additions - 5,351 5,351
As at 30 November 2024 17,250 21,773 39,023
Depreciation
As at 1 December 2023 5,812 5,565 11,377
Provided during the period 3,450 4,122 7,572
As at 30 November 2024 9,262 9,687 18,949
Net Book Value
As at 30 November 2024 7,988 12,086 20,074
As at 1 December 2023 11,438 10,857 22,295
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 104,377 183,248
Prepayments and accrued income 4,140 36,133
Other debtors 10,936 -
Directors' loan accounts 4,670 -
Amounts owed by group undertakings 3,848 -
127,971 219,381
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,743 31,671
Corporation tax 62,867 90,667
Other taxes and social security 16,358 12,670
VAT 71,486 83,702
Other creditors 12,835 11,173
Accruals and deferred income 29,166 29,670
Directors' loan accounts - 13,522
209,455 273,075
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3
Page 4
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 62,131 14,634
Later than one year and not later than five years 125,699 1,829
187,830 16,463
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Michael Lally (13,522 ) 59,554 (41,362 ) - 4,670
The above loan is unsecured, interest free and repayable on demand.
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