Cardium Law Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10922758 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

Cardium Law Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Clark

REGISTERED OFFICE:

Tallis House

2 Tallis Street

London

EC4Y 0AB

REGISTERED NUMBER:

10922758 (England and Wales)

ACCOUNTANTS:

Samuels LLP

Chartered Accountants

3 Locks Yard

High Street

Sevenoaks

Kent

TN13 1LT

FIXED ASSETS

Tangible assets

4

3,575

1,210

CURRENT ASSETS

Stocks

16,147

-

Debtors

5

43,343

1,826

Clients' bank accounts

6

7

34,234

Prepayments and accrued income

-

16,436

Cash at bank

80,244

24,665

139,741

77,161

CREDITORS

Amounts falling due within one year

7

96,717

79,289

NET CURRENT ASSETS/(LIABILITIES)

43,024

(2,128

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,599

(918

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

46,589

(928

)

46,599

(918

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 March 2020 and were signed by:

M Clark - Director

1.	STATUTORY INFORMATION

Cardium Law Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant machinery - 25% on costs

Stocks

Work in progress is valued at sales value, less provisions

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

1,613

Additions

3,154

At 31 August 2019

4,767

DEPRECIATION

At 1 September 2018

403

Charge for year

789

At 31 August 2019

1,192

NET BOOK VALUE

At 31 August 2019

3,575

At 31 August 2018

1,210

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

34,819

-

VAT

-

1,826

Prepayments

8,524

-

43,343

1,826

6.	CLIENTS' BANK ACCOUNTS

31.8.19

31.8.18

£

£

Clients' bank accounts

7

34,234

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade creditors

4,907

235

Clients' account balances

7

34,234

Tax

11,841

-

Social security and other taxes

(322

)

141

Pension

130

60

VAT

1,008

-

Credit card

1,177

-

Disbursement ledger control

28,270

-

Directors' loan accounts

46,439

43,419

Accrued expenses

3,260

1,200

96,717

79,289

8.	RELATED PARTY DISCLOSURES

At the year end the company owed the director a sum of £46,439 (2018: 43,419).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Clark.