Cave J Limited - Accounts

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Registered Number: 06381639

England and Wales

CAVE J LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

Cave J Limited
Contents Page
For the year ended 30 November 2022

Company information	1
Director's report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5
Statement of changes in equity	6

Cave J Limited
Company Information
For the year ended 30 November 2022

Director	Jamie Cave
Registered Number	06381639
Registered Office	Lodge Park Lodge Lane Colchester Essex CO4 5NE
Accountants	Wood & Disney Ltd Lodge Park, Lodge Lane Langham Colchester CO4 5NE

Cave J Limited
Director's Report
For the year ended 30 November 2022

Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2022.

Principal activities

Principal activity of the company during the financial year was of a Snap On Tools dealer.

Director
The director who served the company throughout the year was as follows:

Jamie Cave

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Jamie Cave
Director

Date approved: 08 February 2023

Cave J Limited Accountants' Report For the year ended 30 November 2022
Accountant’s report You consider that the company is exempt from an audit for the year ended 30 November 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Wood & Disney Ltd 30 November 2022 .................................................... Wood & Disney Ltd Lodge Park, Lodge Lane Langham Colchester CO4 5NE 08 February 2023 3

Cave J Limited
Accountants' Report
For the year ended 30 November 2022

Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Wood & Disney Ltd
30 November 2022

....................................................
Wood & Disney Ltd
Lodge Park, Lodge Lane
Langham
Colchester
CO4 5NE
08 February 2023

Cave J Limited
Statement of Financial Position
As at 30 November 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	19,243	24,054
		19,243	24,054
Current assets
Stocks	4	35,250	77,463
Debtors	5	88,407	72,064
Cash at bank and in hand		39,788	13,396
		163,445	162,923
Creditors: amount falling due within one year	6	(35,178)	(27,251)
Net current assets		128,267	135,672

Total assets less current liabilities		147,510	159,726
Net assets		147,510	159,726

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		147,509	159,725
Shareholder's funds		147,510	159,726

For the year ended 30 November 2022 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These 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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 08 February 2023 and were signed by:

--------------------------------
Jamie Cave
Director

Cave J Limited
Statement of Changes in Equity
For the year ended 30 November 2022

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 December 2020	1	163,368	163,369
Profit for the year		39,757	39,757
Total comprehensive income for the year	-	39,757	39,757
Dividends		(43,400)	(43,400)
Total investments by and distributions to owners	-	(43,400)	(43,400)
At 30 November 2021	1	159,725	159,726
At 01 December 2021	1	159,725	159,726
Profit for the year		37,784	37,784
Total comprehensive income for the year	-	37,784	37,784
Dividends		(50,000)	(50,000)
Total investments by and distributions to owners	-	(50,000)	(50,000)
At 30 November 2022	1	147,509	147,510

Cave J Limited
Notes to the Financial Statements
For the year ended 30 November 2022

General Information

Cave J Limited is a private company, limited by shares, registered in England and Wales, registration number 06381639, registration address Lodge Park, Lodge Lane, Colchester, Essex, CO4 5NE. The trading address of the company is Pengarth, Plains Road, Little Totham, Maldon, Essex, CM9 8JG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery - 20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2021 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 December 2021	113,177	113,177
Additions	-	-
Disposals	-	-
At 30 November 2022	113,177	113,177
Depreciation
At 01 December 2021	89,123	89,123
Charge for year	4,811	4,811
On disposals	-	-
At 30 November 2022	93,934	93,934
Net book values
Closing balance as at 30 November 2022	19,243	19,243
Opening balance as at 01 December 2021	24,054	24,054

Stocks

	2022 £		2021 £
Stocks	35,250		77,463
	35,250		77,463

Debtors: amounts falling due within one year

	2022 £		2021 £
Trade Debtors	88,407		72,064
	88,407		72,064

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	7,230	0
Corporation tax	18,618	15,905
PAYE and social security	1,589	1,653
Accrued Expenses	1,000	1,000
VAT	6,741	8,693
	35,178	27,251

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
1 Class A share of £1.00 each	1		1
	1		1