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Registered number: 09259977
Camorada Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 28 October 2024
The Accountancy People Manchester Limited
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—8
Page 1
Company Information
Directors Mr Robert Halshaw
Mr Alexander Hutchinson
Company Number 09259977
Registered Office Suite 18 Hardmans Business Centre
New Hall Hey Road
Rossendale
BB4 6HH
Accountants The Accountancy People Manchester Limited
Phoenix House
2 Huddersfield Road
Stalybridge
SK15 2QA
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Directors' Report
The directors present their report and the financial statements for the year ended 28 October 2024.
Directors
The directors who held office during the year were as follows:
Mr Robert Halshaw
Mr Alexander Hutchinson
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Robert Halshaw
Director
29 July 2025
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Page 3
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Camorada Ltd for the year ended 28 October 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Camorada Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Camorada Ltd , as a body, in accordance with the terms of our engagement letter dated 01 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Camorada Ltd and state those matters that we have agreed to state to the directors of Camorada Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Camorada Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Camorada Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Camorada Ltd . You consider that Camorada Ltd 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 accounts of Camorada Ltd . 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 financial statements.
Signed
29 July 2025
The Accountancy People Manchester Limited
Phoenix House
2 Huddersfield Road
Stalybridge
SK15 2QA
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Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 1,708,248 1,815,244
Cost of sales (1,375,047 ) (1,410,193 )
GROSS PROFIT 333,201 405,051
Administrative expenses (270,829 ) (269,952 )
OPERATING PROFIT 62,372 135,099
Interest payable and similar charges (1,248 ) -
PROFIT BEFORE TAXATION 61,124 135,099
Tax on Profit (14,280 ) (30,565 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 46,844 104,534
The notes on pages 6 to 8 form part of these financial statements.
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Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 861 699
861 699
CURRENT ASSETS
Stocks 6 281,904 258,698
Debtors 7 136,211 244,303
Cash at bank and in hand 57,525 29,720
475,640 532,721
Creditors: Amounts Falling Due Within One Year 8 (84,992 ) (88,534 )
NET CURRENT ASSETS (LIABILITIES) 390,648 444,187
TOTAL ASSETS LESS CURRENT LIABILITIES 391,509 444,886
NET ASSETS 391,509 444,886
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 391,409 444,786
SHAREHOLDERS' FUNDS 391,509 444,886
For the year ending 28 October 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Robert Halshaw
Director
29 July 2025
The notes on pages 6 to 8 form part of these financial statements.
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Page 6
Notes to the Financial Statements
1. General Information
Camorada Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09259977 . The registered office is Suite 18 Hardmans Business Centre, New Hall Hey Road, Rossendale, BB4 6HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Computer Equipment Straight Line 4 years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 30 October 2023 103,465
As at 28 October 2024 103,465
Amortisation
As at 30 October 2023 103,465
As at 28 October 2024 103,465
Net Book Value
As at 28 October 2024 -
As at 30 October 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 30 October 2023 2,507
Additions 825
As at 28 October 2024 3,332
Depreciation
As at 30 October 2023 1,808
Provided during the period 663
As at 28 October 2024 2,471
Net Book Value
As at 28 October 2024 861
As at 30 October 2023 699
6. Stocks
2024 2023
£ £
Finished goods 281,904 258,698
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 136,153 244,303
Other taxes and social security 58 -
136,211 244,303
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 56,853 28,551
Corporation tax 14,280 30,565
VAT 12,904 23,962
Net wages - 4,501
Accruals and deferred income 929 929
Directors' loan accounts 26 26
84,992 88,534
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company is controlled by it's Directors, by virtue of their interests in the entire issued share capital.
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