Company Registration No. 8048380 (England and Wales)
CNC INNOVATIONS LTD.
Unaudited accounts
for the year ended 31 March 2022
CNC INNOVATIONS LTD.
Unaudited accounts
Contents
CNC INNOVATIONS LTD.
Company Information
for the year ended 31 March 2022
Directors
Graham John ORRITT
Szilvia ORRITT
Company Number
8048380 (England and Wales)
Registered Office
19 OUNDLE DRIVE
MOULTON
NORTHAMPTON
NN3 7DB
UNITED KINGDOM
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
CNC INNOVATIONS LTD.
for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CNC INNOVATIONS LTD. for the year ended 31 March 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of CNC INNOVATIONS LTD., as a body, in accordance with the terms of our engagement letter dated 31 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of CNC INNOVATIONS LTD. and state those matters that we have agreed to state to the Board of Directors of CNC INNOVATIONS LTD., as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CNC INNOVATIONS LTD. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CNC INNOVATIONS LTD. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CNC INNOVATIONS LTD.. You consider that CNC INNOVATIONS LTD. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CNC INNOVATIONS LTD.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Member in Practice
5 May 2022
CNC INNOVATIONS LTD.
Statement of financial position
as at
31 March 2022
Tangible assets
4,494
2,248
Cash at bank and in hand
34,364
56,596
Creditors: amounts falling due within one year
-
(7,562)
Net current assets
50,829
53,522
Capital contribution reserve
2
2
Profit and loss account
55,321
55,768
Shareholders' funds
55,323
55,770
For the year ending 31 March 2022 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 2022 and were signed on its behalf by
Szilvia ORRITT
Director
Company Registration No. 8048380
CNC INNOVATIONS LTD.
Notes to the Accounts
for the year ended 31 March 2022
CNC INNOVATIONS LTD. is a private company, limited by shares, registered in England and Wales, registration number 8048380. The registered office is 19 OUNDLE DRIVE, MOULTON, NORTHAMPTON, NN3 7DB, UNITED KINGDOM.
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:
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
CNC INNOVATIONS LTD.
Notes to the Accounts
for the year ended 31 March 2022
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
13,278
4,088
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
-
2,816
MR & MRS ORRITT 400000000359720141 DIRECTORS LOAN SZ 206412 10 28APR18
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).