Company Registration No. 08909219 (England and Wales)
Cash Calc Ltd
Unaudited accounts
for the year ended 31 December 2020
Cash Calc Ltd
Unaudited accounts
Contents
Cash Calc Ltd
Statement of financial position
as at
31 December 2020
Tangible assets
99,779
71,356
Inventories
42,000
33,001
Debtors
1,134,989
1,079,184
Cash at bank and in hand
648,926
117,925
Creditors: amounts falling due within one year
(78,678)
(115,074)
Net current assets
1,747,237
1,115,036
Total assets less current liabilities
1,847,016
1,186,392
Provisions for liabilities
Deferred tax
(20,234)
(15,189)
Net assets
1,826,782
1,171,203
Called up share capital
2
2
Profit and loss account
1,826,780
1,171,201
Shareholders' funds
1,826,782
1,171,203
For the year ending 31 December 2020 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 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 of Directors and authorised for issue on 5 May 2021 and were signed on its behalf by
Raymonde Adams
Director
Company Registration No. 08909219
Cash Calc Ltd
Notes to the Accounts
for the year ended 31 December 2020
Cash Calc Ltd is a private company, limited by shares, registered in England and Wales, registration number 08909219. The registered office and principal place of business is 12 Waterside Court, Albany Street, Newport, Gwent, NP20 5NT, Wales.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
20% Straight line
Fixtures & fittings
20% Straight line
Computer equipment
20% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
Cash Calc Ltd
Notes to the Accounts
for the year ended 31 December 2020
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2020
18,695
67,174
85,869
Additions
-
54,659
54,659
At 31 December 2020
18,695
121,833
140,528
At 1 January 2020
5,608
8,905
14,513
Charge for the year
1,869
24,367
26,236
At 31 December 2020
7,477
33,272
40,749
At 31 December 2020
11,218
88,561
99,779
At 31 December 2019
13,087
58,269
71,356
5
Debtors: amounts falling due within one year
2020
2019
Other debtors
1,134,989
1,077,755
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
72,654
106,772
Loans from directors
4,493
7,302
7
Share capital
2020
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 10 (2019: 9).