Cadence (Europe) Limited

Cadence (Europe) Limited

CADENCE (EUROPE) LIMITED - Company Information

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1 January 2018 false No description of principal activity Taxfiler 2019.10.Web 05479323business:PrivateLimitedCompanyLtd2018-01-012018-12-31 054793232017-12-31 054793232018-01-012018-12-31 05479323business:AuditExemptWithAccountantsReport2018-01-012018-12-31 05479323business:FullAccounts2018-01-012018-12-31 054793232018-12-31 05479323business:Director12018-01-012018-12-31 05479323business:Director22018-01-012018-12-31 05479323business:CompanySecretary12018-01-012018-12-31 05479323business:RegisteredOffice2018-01-012018-12-31 054793232017-12-31 05479323core:WithinOneYear2018-12-31 05479323core:WithinOneYear2017-12-31 05479323core:AfterOneYear2018-12-31 05479323core:AfterOneYear2017-12-31 05479323core:ShareCapital2018-12-31 05479323core:ShareCapital2017-12-31 05479323core:SharePremium2018-12-31 05479323core:SharePremium2017-12-31 05479323core:RetainedEarningsAccumulatedLosses2018-12-31 05479323core:RetainedEarningsAccumulatedLosses2017-12-31 05479323business:SmallEntities2018-01-012018-12-31 05479323countries:EnglandWales2018-01-012018-12-31 05479323core:LandBuildings2018-01-012018-12-31 05479323core:PlantMachinery2018-01-012018-12-31 05479323core:MotorVehicles2018-01-012018-12-31 05479323core:IntangibleAssetsOtherThanGoodwill2017-12-31 05479323core:IntangibleAssetsOtherThanGoodwill2018-01-012018-12-31 05479323core:IntangibleAssetsOtherThanGoodwill2018-12-31 05479323core:LandBuildings2017-12-31 05479323core:PlantMachinery2017-12-31 05479323core:MotorVehicles2017-12-31 05479323core:LandBuildings2018-12-31 05479323core:PlantMachinery2018-12-31 05479323core:MotorVehicles2018-12-31 05479323business:Director112017-12-31 05479323business:Director112018-01-012018-12-31 05479323business:Director112018-12-31 054793232017-01-012017-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05479323 (England and Wales)
Cadence (Europe) Limited Unaudited accounts for the year ended 31 December 2018
Cadence (Europe) Limited Unaudited accounts Contents
Page
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Cadence (Europe) Limited Company Information for the year ended 31 December 2018
Directors
B Scott L Lynch
Secretary
E Scott
Company Number
05479323 (England and Wales)
Registered Office
7 HENRIETTA STREET LONDON WC2E 8PS
Accountants
Raedan 7 Henrietta Street London WC2E 8PS
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Cadence (Europe) Limited Statement of financial position as at 31 December 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
82,513 
70,713 
Tangible assets
5
197,036 
519,004 
279,549 
589,717 
Current assets
Inventories
6
501,371 
574,231 
Debtors
7
137,120 
336,516 
Cash at bank and in hand
98,144 
64,024 
736,635 
974,771 
Creditors: amounts falling due within one year
8
(906,724)
(889,091)
Net current (liabilities)/assets
(170,089)
85,680 
Total assets less current liabilities
109,460 
675,397 
Creditors: amounts falling due after more than one year
9
(48,019)
(148,328)
Net assets
61,441 
527,069 
Capital and reserves
Called up share capital
154 
154 
Share premium
1,524,947 
1,524,947 
Profit and loss account
(1,463,660)
(998,032)
Shareholders' funds
61,441 
527,069 
For the year ending 31 December 2018 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.
Approved by the Board on 30 September 2019.
B Scott Director Company Registration No. 05479323
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Cadence (Europe) Limited Notes to the Accounts for the year ended 31 December 2018
1
Statutory information
Cadence (Europe) Limited is a private company, limited by shares, registered in England and Wales, registration number 05479323. The registered office is 7 HENRIETTA STREET, LONDON, WC2E 8PS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
over the length of the lease.
Plant & machinery
33% on cost, 25% on cost and 20% on cost.
Motor vehicles
10% reducing balance.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
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.
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Cadence (Europe) Limited Notes to the Accounts for the year ended 31 December 2018
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2018
79,698 
Additions
21,299 
At 31 December 2018
100,997 
Amortisation
At 1 January 2018
8,985 
Charge for the year
9,499 
At 31 December 2018
18,484 
Net book value
At 31 December 2018
82,513 
At 31 December 2017
70,713 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2018
420,748 
706,162 
- 
1,126,910 
Additions
- 
786 
15,000 
15,786 
Disposals
(159,572)
(326,772)
- 
(486,344)
At 31 December 2018
261,176 
380,176 
15,000 
656,352 
Depreciation
At 1 January 2018
174,889 
433,017 
- 
607,906 
Charge for the year
31,890 
119,826 
125 
151,841 
On disposals
(54,922)
(245,509)
- 
(300,431)
At 31 December 2018
151,857 
307,334 
125 
459,316 
Net book value
At 31 December 2018
109,319 
72,842 
14,875 
197,036 
At 31 December 2017
245,859 
273,145 
- 
519,004 
6
Inventories
2018 
2017 
£ 
£ 
Finished goods
501,371 
574,231 
501,371 
574,231 
7
Debtors
2018 
2017 
£ 
£ 
Accrued income and prepayments
50,228 
94,097 
Other debtors
86,892 
242,419 
137,120 
336,516 
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Cadence (Europe) Limited Notes to the Accounts for the year ended 31 December 2018
8
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
105,505 
105,505 
Trade creditors
330,252 
438,585 
Taxes and social security
99,265 
49,520 
Other creditors
371,702 
295,481 
906,724 
889,091 
9
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
48,019 
148,328 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
B Scott
40,463 
923 
- 
41,386 
40,463 
923 
- 
41,386 
11
Average number of employees
During the year the average number of employees was 20 (2017: 20).
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