Company Registration No. 10738976 (England and Wales)
CADAM ENGINEERING LIMITED
Unaudited accounts
for the year ended 30 April 2024
CADAM ENGINEERING LIMITED
Unaudited accounts
Contents
CADAM ENGINEERING LIMITED
Company Information
for the year ended 30 April 2024
Company Number
10738976 (England and Wales)
Registered Office
UNIT 23 COLEMEADOW ROAD
MOONS MOAT NORTH INDUSTRIAL ESTATE
REDDITCH
WORCESTERSHIRE
B98 9PB
ENGLAND
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
CADAM ENGINEERING LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
9,224
10,706
Cash at bank and in hand
3,087
4,591
Creditors: amounts falling due within one year
(30,252)
(18,413)
Net current liabilities
(22,575)
(9,151)
Net (liabilities)/assets
(13,351)
1,555
Called up share capital
1
1
Profit and loss account
(13,352)
1,554
Shareholders' funds
(13,351)
1,555
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
David Ing
Director
Company Registration No. 10738976
CADAM ENGINEERING LIMITED
Notes to the Accounts
for the year ended 30 April 2024
CADAM ENGINEERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10738976. The registered office is UNIT 23 COLEMEADOW ROAD, MOONS MOAT NORTH INDUSTRIAL ESTATE, REDDITCH, WORCESTERSHIRE, B98 9PB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line Method
Fixtures & fittings
20% Straight Line Method
Computer equipment
20% Straight Line Method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
CADAM ENGINEERING LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
11,989
1,277
133
13,399
At 30 April 2024
11,989
1,277
133
13,399
At 1 May 2023
2,277
362
54
2,693
Charge for the year
1,199
256
27
1,482
At 30 April 2024
3,476
618
81
4,175
At 30 April 2024
8,513
659
52
9,224
At 30 April 2023
9,712
915
79
10,706
Amounts falling due after more than one year
Accrued income and prepayments
2,926
2,926
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,492
2,929
Taxes and social security
402
256
Other creditors
1,120
1,164
Loans from directors
-
6,023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).