Cammegh Limited 03750825 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is the manufacturing of gaming machines. Digita Accounts Production Advanced 6.30.9574.0 true true 03750825 2024-09-01 2025-08-31 03750825 2025-08-31 03750825 bus:Consolidated 2025-08-31 03750825 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-08-31 03750825 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-08-31 03750825 core:FinancialAssetsCostLessImpairment core:CurrentFinancialInstruments 2025-08-31 03750825 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2025-08-31 03750825 core:CurrentFinancialInstruments 2025-08-31 03750825 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 03750825 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 03750825 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-08-31 03750825 core:FurnitureFittingsToolsEquipment 2025-08-31 03750825 core:LandBuildings 2025-08-31 03750825 core:MotorVehicles 2025-08-31 03750825 bus:SmallEntities 2024-09-01 2025-08-31 03750825 bus:Audited 2024-09-01 2025-08-31 03750825 bus:FilletedAccounts 2024-09-01 2025-08-31 03750825 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 03750825 bus:RegisteredOffice 2024-09-01 2025-08-31 03750825 bus:Director2 2024-09-01 2025-08-31 03750825 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 03750825 core:ComputerSoftware 2024-09-01 2025-08-31 03750825 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 03750825 core:ComputerEquipment 2024-09-01 2025-08-31 03750825 core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 03750825 core:LandBuildings 2024-09-01 2025-08-31 03750825 core:MotorVehicles 2024-09-01 2025-08-31 03750825 core:PlantMachinery 2024-09-01 2025-08-31 03750825 core:Vehicles 2024-09-01 2025-08-31 03750825 core:VehiclesPlantMachinery 2024-09-01 2025-08-31 03750825 countries:EnglandWales 2024-09-01 2025-08-31 03750825 2024-08-31 03750825 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 03750825 core:FurnitureFittingsToolsEquipment 2024-08-31 03750825 core:LandBuildings 2024-08-31 03750825 core:MotorVehicles 2024-08-31 03750825 2023-09-01 2024-08-31 03750825 2024-08-31 03750825 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-08-31 03750825 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-08-31 03750825 core:FinancialAssetsCostLessImpairment core:CurrentFinancialInstruments 2024-08-31 03750825 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-08-31 03750825 core:CurrentFinancialInstruments 2024-08-31 03750825 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 03750825 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 03750825 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 03750825 core:FurnitureFittingsToolsEquipment 2024-08-31 03750825 core:LandBuildings 2024-08-31 03750825 core:MotorVehicles 2024-08-31 iso4217:GBP xbrli:pure

Registration number: 03750825

Prepared for the registrar
Cammegh Limited
Annual Report and Financial Statements
for the Year Ended 31 August 2025

Cammegh Limited

(Registration number: 03750825)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 244,280 | 74,313
Tangible assets | 5 | 2,874,196 | 2,583,277
Other financial assets | 6 | 1,085,000 | 375,000
|  | 4,203,476 | 3,032,590
Current assets |  |  |
Stocks | 7 | 1,819,165 | 1,587,010
Debtors | 8 | 1,234,558 | 691,898
Current asset investments | 9 | 15,548,078 | 14,422,026
Cash at bank and in hand |  | 2,350,971 | 757,933
|  | 20,952,772 | 17,458,867
Creditors: Amounts falling due within one year | 10 | (2,012,438) | (1,830,697)
Net current assets |  | 18,940,334 | 15,628,170
Total assets less current liabilities |  | 23,143,810 | 18,660,760
Creditors: Amounts falling due after more than one year | 10 | - | (91,442)
Deferred tax liabilities |  | (24,956) | (1,626,522)
Net assets |  | 23,118,854 | 16,942,796
Capital and reserves |  |  |
Called up share capital |  | 75 | 75
Retained earnings |  | 23,118,779 | 16,942,721
Shareholders' funds |  | 23,118,854 | 16,942,796

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2026 and signed on its behalf by:

R W Cammegh
Director

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29 Old Surrenden Manor
Bethersden
Ashford
Kent
TN26 3DL

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land and buildings | Not depreciated
Plant and equipment | 15% reducing balance
Leased machines | 50% straight line
Computers | 20% reducing balance
Motor vehicles | 25% reducing balance

Intangible assets

Costs relating to internally developed software used in the company’s operations are capitalised as intangible assets when incurred, provided they meet the recognition criteria. These assets are amortised on a straight-line basis over their estimated useful lives, reflecting the expected pattern of economic benefit.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Software | Amortised over its useful life of 4 years.

Other financial assets

Other financial assets consist of cryptocurrency assets and motor vehicles held for capital appreciation. Cryptocurrency traded regularly and is therefore classified as a current asset and is measured at fair value at the reporting date, with changes in value recognised in profit or loss. Fair value is determined using quoted prices from active markets. Motor vehicles are classified as non-current assets and are held at cost, less any impairment. These vehicles are not used in the company’s operations and no depreciation is charged where the
expected residual value approximates cost.

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2024 - 31).

| 4 | Intangible assets

| Software £
Cost
At 1 September 2024 | 74,313
Additions | 181,138
At 31 August 2025 | 255,451
Amortisation
Amortisation charge | 11,171
At 31 August 2025 | 11,171
Carrying amount
At 31 August 2025 | 244,280
At 31 August 2024 | 74,313

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

| 5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost
At 1 September 2024 | 2,213,658 | 1,241,495 | 273,595 | 3,728,748
Additions | 266,710 | 204,946 | - | 471,656
Disposals | - | (70,000) | (152,224) | (222,224)
At 31 August 2025 | 2,480,368 | 1,376,441 | 121,371 | 3,978,180
Depreciation
At 1 September 2024 | - | 1,021,963 | 123,508 | 1,145,471
Charge for the year | - | 73,015 | 16,105 | 89,120
Eliminated on disposal | - | (64,050) | (66,557) | (130,607)
At 31 August 2025 | - | 1,030,928 | 73,056 | 1,103,984
Carrying amount
At 31 August 2025 | 2,480,368 | 345,513 | 48,315 | 2,874,196
At 31 August 2024 | 2,213,659 | 219,531 | 150,087 | 2,583,277

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

| 6 | Other financial assets

| Financial assets at cost less impairment £
Non-current financial assets
Cost
At 1 September 2024 | 375,000
Additions | 899,500
At 31 August 2025 | 1,274,500
Impairment
At 1 September 2024 | -
Impairment losses | 189,500
At 31 August 2025 | 189,500
Carrying amount
At 31 August 2025 | 1,085,000
At 31 August 2024 | 375,000

| 7 | Stocks

| 2025 £ | 2024 £
Stocks | 1,819,165 | 1,587,010

| 8 | Debtors

| 2025 £ | 2024 £
Trade debtors | 338,565 | 313,273
Prepayments and accrued income | 186,947 | 196,882
Other debtors | 709,046 | 181,743
| 1,234,558 | 691,898

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

| 9 | Current asset investments

| Financial assets at fair value through profit and loss £
Current financial assets
Valuation
At 1 September 2024 | 14,422,026
Revaluations | 9,830,373
Movement | (8,704,321)
At 31 August 2025 | 15,548,078
Carrying amount
At 31 August 2025 | 15,548,078
At 31 August 2024 | 14,422,026

| 10 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | - | 26,493
Trade creditors |  | 259,420 | 212,373
Taxation and social security |  | 657,627 | 294,307
Accruals and deferred income |  | 68,309 | 193,052
Other creditors |  | 1,027,082 | 1,104,472
|  | 2,012,438 | 1,830,697

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | - | 91,442

| 11 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | - | 26,493

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | - | 91,442

Cammegh Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

| 12 | Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 6 March 2026 was R M Asif Rafique, who signed for and on behalf of Accendo Chartered Certified Accountants & Statutory Auditors.