Cheetah Advanced Technologies Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC187332 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Cheetah Advanced Technologies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

I Smith

I S Smith

REGISTERED OFFICE:

Birchbrook House

Doune Road

Dunblane

Perthshire

FK15 9ND

REGISTERED NUMBER:

SC187332 (Scotland)

ACCOUNTANTS:

Dawn Goddard CA

Goddard Accounting and Tax Solutions

Duncargen

St Margaret’s Drive

Dunblane

Stirlingshire

FK15 0DP

FIXED ASSETS

Intangible assets

4

50,363

58,384

Tangible assets

5

5,446

6,223

55,809

64,607

CURRENT ASSETS

Stocks

1,498

6,115

Debtors

6

8,611

8,834

Cash at bank

13

51

10,122

15,000

CREDITORS

Amounts falling due within one year

7

36,195

22,571

NET CURRENT LIABILITIES

(26,073

)

(7,571

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,736

57,036

CREDITORS

Amounts falling due after more than one year

8

29,697

45,000

NET ASSETS

39

12,036

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

34

12,031

39

12,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 December 2022 and were signed on its behalf by:

I S Smith - Director

1.	STATUTORY INFORMATION

Cheetah Advanced Technologies Limited is a private company, limited by shares , registered in Scotland. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

10% on cost

Computer equipment

50% on cost

Fixtures and fittings

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2021

and 31 March 2022

80,207

AMORTISATION

At 1 April 2021

21,823

Charge for year

8,021

At 31 March 2022

29,844

NET BOOK VALUE

At 31 March 2022

50,363

At 31 March 2021

58,384

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

14,286

DEPRECIATION

At 1 April 2021

8,063

Charge for year

777

At 31 March 2022

8,840

NET BOOK VALUE

At 31 March 2022

5,446

At 31 March 2021

6,223

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

8,611

8,834

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

33,052

19,828

Trade creditors

2

-

Taxation and social security

2,455

-

Other creditors

686

2,743

36,195

22,571

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

29,697

45,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

I S Smith

Balance outstanding at start of year

-

-

Amounts advanced

5,862

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,862

-

No interest was paid in respect of this loan which is unsecured, repayable on demand and included in other creditors falling due within one year.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date of 31 March 2022, the company owed a director £nil (2021 £596). No interest was paid in respect of this loan which is unsecured, repayable on demand and included in other creditors falling due within one year.

During the year to 31 March 2022, the company paid £nil (2021 £17,928) costs of sales to Caite Ltd, a company in which a director has a participating interest.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cheetah Advanced Technologies Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Cheetah Advanced Technologies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cheetah Advanced Technologies Limited and state those matters that we have agreed to state to the Board of Directors of Cheetah Advanced Technologies Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cheetah Advanced Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cheetah Advanced Technologies Limited. You consider that Cheetah Advanced Technologies Limited 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 financial statements of Cheetah Advanced Technologies Limited. 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 financial statements.

Dawn Goddard CA

Goddard Accounting and Tax Solutions

Duncargen

St Margaret’s Drive

Dunblane

Stirlingshire

FK15 0DP

22 December 2022