CASHCOUNTS LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15564083

CASHCOUNTS LTD

Filleted Unaudited Financial Statements

31 March 2025

CASHCOUNTS LTD

Statement of Financial Position

31 March 2025

	31 Mar 25
Note	£

Fixed assets

Tangible assets	5	2,893

Current assets

Stocks		70,225
Debtors	6	6,963
Cash at bank and in hand		30,928
		---------
		108,116

Creditors: amounts falling due within one year	7	112,687
		---------
Net current liabilities		4,571
		-------
Total assets less current liabilities		( 1,678)

Creditors: amounts falling due after more than one year	8	1,264
		-------
Net liabilities		( 2,942)
		-------

CASHCOUNTS LTD

Statement of Financial Position (continued)

31 March 2025

	31 Mar 25
Note	£

Capital and reserves

Called up share capital	100
Profit and loss account	( 3,042)
	-------
Shareholders deficit	( 2,942)
	-------

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 comprehensive income has not been delivered.

For the period ending 31 March 2025 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 period 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 12 December 2025 , and are signed on behalf of the board by:

Mr R Vasavan

Director

Company registration number: 15564083

CASHCOUNTS LTD

Notes to the Financial Statements

Period from 15 March 2024 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £62,655 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	20% reducing balance

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.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 7 .

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 15 March 2024	–	–	–
Additions	2,984	633	3,617
	-------	----	-------
At 31 March 2025	2,984	633	3,617
	-------	----	-------
Depreciation
At 15 March 2024	–	–	–
Charge for the period	597	127	724
	-------	----	-------
At 31 March 2025	597	127	724
	-------	----	-------
Carrying amount
At 31 March 2025	2,387	506	2,893
	-------	----	-------

6. Debtors

	31 Mar 25
	£
Other debtors	6,963
	-------

7. Creditors: amounts falling due within one year

	31 Mar 25
	£
Bank loans and overdrafts	10,000
Trade creditors	6,812
Social security and other taxes	1,686
Other creditors	94,189
	---------
	112,687
	---------

8. Creditors: amounts falling due after more than one year

	31 Mar 25
	£
Bank loans and overdrafts	1,264
	-------