CASHELL_LIMITED - Accounts


Company registration number 04313304 (England and Wales)
CASHELL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
CASHELL LIMITED
COMPANY INFORMATION
Directors
Mr D Cashell
Mrs K Cashell
Mr G W Cashell
(Appointed 1 January 2022)
Secretary
Mrs K Cashell
Company number
04313304
Registered office
Harborough Innovation Centre
Airfield Business Park
Leicester Road
Market Harborough
LE16 7WB
Accountants
Mayfield & Co (Accountants) Ltd
Harborough Innovation Centre
Airfield Business Park
Leicester Road
Market Harborough
LE16 7WB
CASHELL LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
CASHELL LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CASHELL LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2022
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cashell Limited for the year ended 30 November 2022, which comprise the profit and loss account and the balance sheet, 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Cashell Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cashell Limited and state those matters that we have agreed to state to the board of directors of Cashell Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cashell Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Cashell Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Cashell 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 Cashell 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.

Mayfield & Co (Accountants) Ltd
Chartered Accountants
Harborough Innovation Centre
Airfield Business Park
Leicester Road
Market Harborough
LE16 7WB
21 July 2023
CASHELL LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 2 -
2022
2021
£
£
Turnover
158,596
188,800
Staff costs
(32,946)
(59,085)
Depreciation and other amounts written off assets
(3,833)
(2,513)
Other charges
(22,693)
(9,305)
Tax
(19,316)
(21,520)
Profit
79,808
96,377
CASHELL LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2022
30 November 2022
- 3 -
2022
2021
Notes
£
£
£
£
Fixed assets
3
7,991
10,830
Current assets
5
27,171
51,720
Prepayments and accrued income
7,284
2,750
Creditors: amounts falling due within one year
6
(25,203)
(30,198)
Net current assets
9,252
24,272
Total assets less current liabilities
17,243
35,102
Accruals and deferred income
(1,205)
(1,160)
Net assets
16,038
33,942
Capital and reserves
8
16,038
33,942
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2022
2021
Number
Number
Employees
3
2

Cashell Limited is a private company limited by shares incorporated in England and Wales. The registered office is Harborough Innovation Centre, Airfield Business Park, Leicester Road, Market Harborough, LE16 7WB.

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.

CASHELL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2022
30 November 2022
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 24 July 2023 and are signed on its behalf by:
Mr D Cashell
Mrs K Cashell
Director
Director
Company registration number 04313304 (England and Wales)
CASHELL LIMITED
The following pages do not form part of the statutory accounts.
CASHELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 5 -
1
Taxation
£
£
U.K. corporation tax payable
19,316
21,520
2
Dividends
2022
2021
£
£
Final paid
97,712
79,400
97,712
79,400
3
Total fixed assets
Tangible fixed assets
Total
£
£
Cost
At 1 December 2021
29,975
29,975
Additions
994
994
Disposals
(6,238)
(6,238)
At 30 November 2022
24,731
24,731
Depreciation
At 1 December 2021
19,145
19,145
On disposals
(4,903)
(4,903)
Charge for the year
2,498
2,498
At 30 November 2022
16,740
16,740
Net book value
At 30 November 2022
7,991
7,991
At 30 November 2021
10,830
10,830
Notes
4
CASHELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 6 -
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 December 2021
29,975
Additions
994
Disposals
(6,238)
At 30 November 2022
24,731
Depreciation and impairment
At 1 December 2021
19,145
Depreciation charged in the year
2,498
Eliminated in respect of disposals
(4,903)
At 30 November 2022
16,740
Carrying amount
At 30 November 2022
7,991
At 30 November 2021
10,830
5
Current assets
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
18,631
40,620
Other debtors
260
260
Cash at bank and in hand
8,280
10,840
27,171
51,720
6
Creditors: amounts falling due within one year
2022
2021
£
£
Director's loan account
400
400
Corporation tax
19,316
21,520
Other taxation and social security
5,487
8,278
25,203
30,198
7
Profit and loss reserves
CASHELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
7
Profit and loss reserves
(Continued)
- 7 -
2022
2021
£
£
At the beginning of the year
33,842
16,865
Profit for the year
79,808
96,377
Dividends
(97,712)
(79,400)
At the end of the year
15,938
33,842
8
Capital and reserves
2022
2021
Notes
£
£
Issued share capital
100
100
Profit and loss reserve
7
15,938
33,842
16,038
33,942
CASHELL LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2022
2022
2021
£
£
£
£
Turnover
Sales of services
158,596
188,800
Administrative expenses
(59,429)
(70,891)
Operating profit
99,167
117,909
Interest payable and similar expenses
Interest on overdue taxation
(43)
(12)
Profit before taxation
62.50%
99,124
62.45%
117,897
Taxation
(19,316)
(21,520)
Profit for the year
79,808
96,377
CASHELL LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 30 NOVEMBER 2022
2022
2021
£
£
Administrative expenses
Directors' remuneration
32,906
19,085
Directors' social security costs
40
-
Directors' pension costs - defined contribution scheme
-
40,000
Office rent
1,040
1,300
Use of home as office
650
650
Leasing - motor vehicles
11,508
-
Motor running expenses
1,856
-
Travelling, accommodation and subsistence
762
870
Professional subscriptions
414
298
Legal and professional fees
-
49
Accountancy
1,677
1,628
Bank charges
102
82
Bad and doubtful debts
272
-
Insurances
1,041
1,201
Postage, stationery and computer expenses
1,621
2,261
Telecommunications
1,457
940
Sundry expenses
250
14
Depreciation
2,498
2,513
Loss on disposal of tangible assets
1,335
-
59,429
70,891
2022-11-302021-12-01falseCCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr D CashellMr G W CashellMr G W CashellMrs K Cashell043133042021-12-012022-11-3004313304bus:Director12021-12-012022-11-3004313304bus:CompanySecretaryDirector12021-12-012022-11-3004313304bus:Director22021-12-012022-11-3004313304bus:CompanySecretary12021-12-012022-11-3004313304bus:Director32021-12-012022-11-3004313304bus:RegisteredOffice2021-12-012022-11-30043133042022-11-30043133042020-12-012021-11-30043133042021-11-3004313304core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-3004313304core:CurrentFinancialInstrumentscore:WithinOneYear2021-11-30043133042021-11-3004313304core:FurnitureFittings2021-11-3004313304core:FurnitureFittings2022-11-3004313304core:FurnitureFittings2021-12-012022-11-3004313304core:FurnitureFittings2021-11-3004313304bus:PrivateLimitedCompanyLtd2021-12-012022-11-3004313304bus:Micro-entities2021-12-012022-11-3004313304bus:AuditExemptWithAccountantsReport2021-12-012022-11-3004313304bus:FullAccounts2021-12-012022-11-30xbrli:purexbrli:sharesiso4217:GBP