Cadec Limited - Filleted accounts

Cadec Limited
Registered number:		05873303
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		2,620			4,996

Current assets
Stocks		634			634
Cash at bank and in hand		46,766			27,502
		47,400			28,136

Creditors: amounts falling due within one year	3	(21,189)			(15,454)

Net current assets			26,211			12,682

Net assets			28,831			17,678

Capital and reserves
Called up share capital			100			100
Profit and loss account			28,731			17,578

Shareholders' funds			28,831			17,678

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A J McKillop-Burton
Director
Approved by the board on 17 August 2017

Cadec Limited
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


		over the lease term
	Plant and machinery	20% Reducing Balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2016				11,241
	Disposals				(3,060)
	At 31 March 2017				8,181

	Depreciation
	At 1 April 2016				6,245
	Charge for the year				655
	On disposals				(1,339)
	At 31 March 2017				5,561

	Net book value
	At 31 March 2017				2,620
	At 31 March 2016				4,996


3	Creditors: amounts falling due within one year		2017		2016
£				£

	Trade creditors		115		112
	Corporation tax		13,690		11,239
	Other taxes and social security costs		2,806		2,675
	Other creditors		4,578		1,428
			21,189		15,454


4	Other information

	Cadec Limited is a private company limited by shares and incorporated in England. Its registered office is:
	School Cottage
	9 Main Street
	Wath
	Ripon, North Yorkshire
	HG4 5ET