Camlets Limited Filleted accounts for Companies House (small and micro)

2 false false true false false false false false false true false false false false false false No description of principal activity 2020-04-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 05361680 2020-04-01 2021-03-31 05361680 2021-03-31 05361680 2020-03-31 05361680 2019-04-01 2020-03-31 05361680 2020-03-31 05361680 bus:RegisteredOffice 2020-04-01 2021-03-31 05361680 bus:LeadAgentIfApplicable 2020-04-01 2021-03-31 05361680 bus:Director1 2020-04-01 2021-03-31 05361680 core:WithinOneYear 2021-03-31 05361680 core:WithinOneYear 2020-03-31 05361680 core:ShareCapital 2021-03-31 05361680 core:ShareCapital 2020-03-31 05361680 core:RetainedEarningsAccumulatedLosses 2021-03-31 05361680 core:RetainedEarningsAccumulatedLosses 2020-03-31 05361680 bus:Director1 2020-03-31 05361680 bus:Director1 2021-03-31 05361680 bus:Director1 2019-03-31 05361680 bus:Director1 2020-03-31 05361680 bus:Director1 2019-04-01 2020-03-31 05361680 bus:SmallEntities 2020-04-01 2021-03-31 05361680 bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 05361680 bus:AbridgedAccounts 2020-04-01 2021-03-31 05361680 bus:SmallCompaniesRegimeForAccounts 2020-04-01 2021-03-31 05361680 bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 05361680 core:OfficeEquipment 2020-04-01 2021-03-31

COMPANY REGISTRATION NUMBER: 05361680

Camlets Limited

Filleted Unaudited Abridged Financial Statements

31 March 2021

Camlets Limited

Abridged Financial Statements

Year Ended 31 March 2021

Contents	Pages

Officers and professional advisers	1

Abridged statement of financial position	2 to 3

Notes to the abridged financial statements	4 to 5

Camlets Limited

Officers and Professional Advisers

Director	Mr D M Hazell

Registered office	168 -170 Mill Road
	Cambridge
	Cambridgeshire
	England
	CB1 3LP

Accountants	SR Howell & Co
	Chartered Certified Accountants
	88 High Street
	Ramsey
	Huntingdon
	Cambs
	PE26 1BS

Camlets Limited

Abridged Statement of Financial Position

31 March 2021

	2021	2020
Note	£	£

Fixed assets

Tangible assets	5	–	18

Current assets

Debtors	7,074	6,675
Cash at bank and in hand	66,124	82,464
	--------	--------
	73,198	89,139

Creditors: amounts falling due within one year	( 71,748)	( 86,894)
	--------	--------
Net current assets	1,450	2,245
	-------	-------
Total assets less current liabilities	1,450	2,263
	-------	-------
Net assets	1,450	2,263
	-------	-------

Capital and reserves

Called up share capital	5	5
Profit and loss account	1,445	2,258
	-------	-------
Shareholders funds	1,450	2,263
	-------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

Camlets Limited

Abridged Statement of Financial Position (continued)

31 March 2021

These abridged financial statements were approved by the board of directors and authorised for issue on 19 July 2021 , and are signed on behalf of the board by:

„„„„„„„„„„„„„

D Hazell Director

Company registration number: 05361680

Camlets Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 -170 Mill Road, Cambridge, Cambridgeshire, CB1 3LP, England.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

3.1 Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

3.2 Revenue recognition

Turnover comprises the invoice value of goods and services supplied by the company during the year, net of trade discounts.

3.3 Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3.4 Tangible assets

Tangible fixed assets are stated at cost less depreciation.

3.5 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 4 ).

5. Tangible assets

	£
Cost
At 1 April 2020	1,909
Disposals	( 1,909)
	-------
At 31 March 2021	–
	-------
Depreciation
At 1 April 2020	1,891
Disposals	( 1,891)
	-------
At 31 March 2021	–
	-------
Carrying amount
At 31 March 2021	–
	-------
At 31 March 2020	18
	-------

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr D M Hazell	( 75,089)	4,721	( 70,368)
	--------	-------	--------

	2020
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr D M Hazell	( 154,054)	78,965	( 75,089)
	---------	--------	--------