Cawarden Demo Co Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06045867 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Cawarden Demo Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

W D Crooks

O W Crooks

S M Crooks

REGISTERED OFFICE:

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

REGISTERED NUMBER:

06045867 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

4

2,605,626

2,058,926

Investments

5

67,500

87,500

2,673,126

2,146,426

CURRENT ASSETS

Stocks

204,411

70,500

Debtors

6

1,459,343

1,005,097

Cash at bank

378,589

670,799

2,042,343

1,746,396

CREDITORS

Amounts falling due within one year

7

(1,343,123

)

(779,715

)

NET CURRENT ASSETS

699,220

966,681

TOTAL ASSETS LESS CURRENT LIABILITIES

3,372,346

3,113,107

CREDITORS

Amounts falling due after more than one year

8

(1,310,300

)

(1,278,490

)

NET ASSETS

2,062,046

1,834,617

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

2,061,946

1,834,517

SHAREHOLDERS' FUNDS

2,062,046

1,834,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2023 and were signed on its behalf by:

W D Crooks - Director

1.	STATUTORY INFORMATION

Cawarden Demo Co Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Stocks are valued at the lower of cost and estimated selling prices less costs to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2022

3,165,484

341,763

3,507,247

Additions

1,106,952

70,110

1,177,062

At 31 January 2023

4,272,436

411,873

4,684,309

DEPRECIATION

At 1 February 2022

1,263,568

184,753

1,448,321

Charge for year

588,820

41,542

630,362

At 31 January 2023

1,852,388

226,295

2,078,683

NET BOOK VALUE

At 31 January 2023

2,420,048

185,578

2,605,626

At 31 January 2022

1,901,916

157,010

2,058,926

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2022

2,715,790

214,804

2,930,594

Additions

1,083,950

42,110

1,126,060

At 31 January 2023

3,799,740

256,914

4,056,654

DEPRECIATION

At 1 February 2022

926,487

70,292

996,779

Charge for year

562,479

38,698

601,177

At 31 January 2023

1,488,966

108,990

1,597,956

NET BOOK VALUE

At 31 January 2023

2,310,774

147,924

2,458,698

At 31 January 2022

1,789,303

144,512

1,933,815

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 February 2022

87,500

Additions

5,000

Disposals

(25,000

)

At 31 January 2023

67,500

NET BOOK VALUE

At 31 January 2023

67,500

At 31 January 2022

87,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

559,869

451,392

Amounts owed by participating interests

796,656

344,624

Other debtors

102,818

209,081

1,459,343

1,005,097

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

74,513

74,513

Hire purchase contracts

743,813

613,758

Trade creditors

461,106

44,801

Taxation and social security

37,289

16,981

Other creditors

26,402

29,662

1,343,123

779,715

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

98,370

160,865

Hire purchase contracts

1,211,930

1,117,625

1,310,300

1,278,490

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 February 2022

1,834,517

Profit for the year

312,429

Dividends

(85,000

)

At 31 January 2023

2,061,946

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 Cawarden Demo Co Limited for the year ended 31 January 2023 which comprise the Profit and loss, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cawarden Demo Co 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 Cawarden Demo Co Limited and state those matters that we have agreed to state to the Board of Directors of Cawarden Demo Co Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cawarden Demo Co Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cawarden Demo Co 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 Cawarden Demo Co Limited. You consider that Cawarden Demo Co 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 Cawarden Demo Co 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.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

21 March 2023