Registration number:
Cadmus Rock Limited
for the
Year Ended 31 August 2019
Bewell House
Bewell Street
Hereford
Herefordshire
HR4 0BA
Cadmus Rock Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Cadmus Rock Limited
Company Information
Directors |
Mr P D Williams Mr K P Grigg Mrs E A Williams Mrs E L Ballantine |
Registered office |
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Accountants |
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Page 1 |
Cadmus Rock Limited
(Registration number: 10331796)
Balance Sheet as at 31 August 2019
Note |
2019 |
2018 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 2 |
Cadmus Rock Limited
(Registration number: 10331796)
Balance Sheet as at 31 August 2019
(continued)
Approved and authorised by the
.........................................
Director
Page 3 |
Cadmus Rock Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
The principal place of business is:
Bird in Hand Cottage
Whiteshill
Stroud
Gloucestershire
GL6 6JP
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Page 4 |
Cadmus Rock Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
(continued)
2 |
Accounting policies (continued) |
Going concern
The financial statements show a deficit on net assets. This has arisen from losses incurred during the initial period of trading whilst the company was developing its business. The losses were anticipated during this phase of the businesses development and have been funded by loans from third parties. These lenders have indicated that they will continue to provide financial support to the company to enable it to continue trading for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer appropriate.
Tax
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
Deferred tax is recognised on all 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. 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 substantially enacted by the end of the reporting period.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
Page 5 |
Cadmus Rock Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
(continued)
2 |
Accounting policies (continued) |
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Stocks |
2019 |
2018 |
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Work in progress |
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Debtors |
2019 |
2018 |
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Prepayments |
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Other debtors |
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Page 6 |
Cadmus Rock Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
(continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Loans and borrowings |
- |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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3 |
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3 |
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1 |
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1 |
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48 |
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48 |
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48 |
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48 |
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Page 7 |
Cadmus Rock Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019
(continued)
Related party transactions |
Loans to related parties
2019 |
Key management |
Total |
At start of period |
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Repaid |
( |
( |
At end of period |
- |
- |
2018 |
Key management |
Total |
Advanced |
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Terms of loans to related parties
Page 8 |