Company Registration No. 07237378 (England and Wales)
Cameron Frye Ltd
Unaudited accounts
for the year ended 26 June 2025
Cameron Frye Ltd
Unaudited accounts
Contents
Cameron Frye Ltd
Company Information
for the year ended 26 June 2025
Director
Miss Sonia Gibbon
Company Number
07237378 (England and Wales)
Registered Office
Tegfryn
Llanwnnen
Lampeter
Wales
SA48 7LA
Accountants
Seed Accounting Solutions
85 Great Portland Street
First Floor
London
W1W 7LT
Cameron Frye Ltd
Statement of financial position
as at 26 June 2025
Cash at bank and in hand
(15,348)
(4,426)
Creditors: amounts falling due within one year
(2,070)
(4,022)
Net current liabilities
(17,418)
(3,448)
Net liabilities
(17,359)
(3,004)
Called up share capital
100
100
Profit and loss account
(17,459)
(3,104)
Shareholders' funds
(17,359)
(3,004)
For the year ending 26 June 2025 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 her 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 11 November 2025 and were signed on its behalf by
Miss Sonia Gibbon
Director
Company Registration No. 07237378
Cameron Frye Ltd
Notes to the Accounts
for the year ended 26 June 2025
Cameron Frye Ltd is a private company, limited by shares, registered in England and Wales, registration number 07237378. The registered office is Tegfryn, Llanwnnen, Lampeter, Wales, SA48 7LA.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
Straight Line for 3 Yrs
Computer equipment
Straight Line @ 33.33%
The financial statements have been prepared on a break-up basis.
During the year and subsequent to the year end, the company incurred trading losses and experienced a significant slowdown in customer interest. The company has net liabilities at the balance sheet date, including an overdraft of £15,348, HMRC liabilities of £996.77, and amounts owed to the director of £3,345. Although the company holds an investment with a carrying value of £8,450, the directors are uncertain as to whether this can be readily realised for its stated value.
In August 2025, during the preparation of the financial statements, the director informed the company’s accountants that they intended to cease trading and consider next steps for the orderly wind-down of the business. The company has been profitable in the previous two years; however, it has experienced ongoing financial pressure since the Covid-19 pandemic, and the balance sheet has remained in a net liability position for several years.
Given these factors, the directors have concluded that the going concern basis is no longer appropriate, and the financial statements have therefore been prepared on a break-up basis. Assets have been measured at their estimated net realisable value and liabilities have been adjusted to reflect the costs associated with ceasing trade.
Cameron Frye Ltd
Notes to the Accounts
for the year ended 26 June 2025
Material Uncertainties and Insolvency Considerations
The company is balance-sheet insolvent at the year-end and does not currently have sufficient liquidity to meet its obligations as they fall due without additional financial support. The director has commenced discussions with an insolvency practitioner and is considering options for settling outstanding liabilities, including:
- negotiating informal arrangements with creditors;
- settlings liabilities with personal funds
These conditions indicate that a material uncertainty exists regarding the company’s ability to realise its assets and settle its liabilities in the normal course of business. The financial statements do not include any adjustments that may arise if the company enters a formal insolvency process, other than those necessary to reflect the break-up basis of preparation.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 27 June 2024
354
1,103
1,457
At 26 June 2025
354
863
1,217
At 27 June 2024
354
659
1,013
Charge for the year
-
145
145
At 26 June 2025
354
804
1,158
5
Investments held as current assets
2025
2024
Listed investments
-
5,000
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
21
21
Loans from directors
3,346
3,491
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2024: 1).