Caddis Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06462703

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,585		14,419
Tangible Assets	5		917,653		814,974

			922,238		829,393
CURRENT ASSETS
Stocks	6	17,450		15,830
Debtors	7	23,005		38,705
Cash at bank and in hand		110,697		124,731

		151,152		179,266
Creditors: Amounts Falling Due Within One Year	8	(124,353 )		(169,985 )

NET CURRENT ASSETS (LIABILITIES)			26,799		9,281

TOTAL ASSETS LESS CURRENT LIABILITIES			949,037		838,674

Creditors: Amounts Falling Due After More Than One Year	9		(81,678 )		(55,652 )

NET ASSETS			867,359		783,022

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			867,259		782,922

SHAREHOLDERS' FUNDS			867,359		783,022

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Caddis Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Jane Kellett Director	Mr Paul Kellett Director	Mr Richard Kellett Director
12/06/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Caddis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06462703 . The registered office is Woodcutters Bunce Lane, Marton, Macclesfield, Cheshire, United Kingdom, SK11 9HQ.

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 - Other Intangible

Other intangible assets are R&D and It is amortised to the profit and loss account over its estimated economic life of seven years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets, other than land and building 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:

Freehold	0%
Plant & Machinery	15% Reducing balance
Motor Vehicles	20% Straight line
Fixtures & Fittings	25% Straight line
Computer Equipment	25% Reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

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Caddis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

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.

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: 6 (2025: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2025	68,839

As at 31 January 2026	68,839

Amortisation
As at 1 February 2025	54,420
Provided during the period	9,834

As at 31 January 2026	64,254

Net Book Value
As at 31 January 2026	4,585

As at 1 February 2025	14,419

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Caddis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 February 2025	68,051	1,135,239	75,736	8,705	1,287,731
Additions	-	238,903	-	4,072	242,975
Disposals	-	(16,000 )	-	-	(16,000 )

As at 31 January 2026	68,051	1,358,142	75,736	12,777	1,514,706

Depreciation
As at 1 February 2025	-	421,418	45,284	6,055	472,757
Provided during the period	-	117,963	6,090	1,243	125,296
Disposals	-	(1,000 )	-	-	(1,000 )

As at 31 January 2026	-	538,381	51,374	7,298	597,053

Net Book Value
As at 31 January 2026	68,051	819,761	24,362	5,479	917,653

As at 1 February 2025	68,051	713,821	30,452	2,650	814,974

6. Stocks

	2026	2025
	£	£
Stocks	17,450	15,830

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	10,911	11,127
Other debtors	12,094	27,578

	23,005	38,705

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	51,192	112,087
Trade creditors	36,472	14,667
Bank loans and overdrafts	1,991	10,648
Other creditors	7,715	10,315
Taxation and social security	26,983	22,268

	124,353	169,985

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Caddis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	81,678	52,029
Bank loans	-	1,777
Other creditors	-	1,846

	81,678	55,652

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	51,192	112,087
Later than one year and not later than five years	81,678	52,029

	132,870	164,116

	132,870	164,116

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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