Cardinal Designs Limited Company Accounts
Cardinal Designs Limited Company Accounts
COMPANY REGISTRATION NUMBER:
09797304
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Financial Statements |
Year ended 30 September 2017
Contents |
Pages |
Officers and professional advisers |
1 |
Statement of financial position |
2 to 3 |
Statement of changes in equity |
4 |
Notes to the financial statements |
5 to 7 |
The following pages do not form part of the financial statements
Accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
9 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Accountants |
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Accountants |
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6 Alfred Street |
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Rushden |
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Northants |
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NN10 9YS |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
– |
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Current assets
Stocks |
– |
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Cash at bank and in hand |
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------- |
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Creditors: amounts falling due within one year |
5 |
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------- |
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Net current liabilities |
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Total assets less current liabilities |
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(
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Net liabilities |
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
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(
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Shareholders deficit |
(
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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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
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
6 June 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
09797304
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Statement of Changes in Equity |
Year ended 30 September 2017
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 28 September 2015 |
– |
– |
– |
Loss for the year |
(
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(
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------- |
------- |
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Total comprehensive income for the year |
– |
(
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(
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Issue of shares |
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– |
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------- |
------- |
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Total investments by and distributions to owners |
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– |
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At 30 September 2016 |
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(
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(
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Loss for the year |
(
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(
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------- |
------- |
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Total comprehensive income for the year |
– |
(
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(
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------- |
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At 30 September 2017 |
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(
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(
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Notes to the Financial Statements |
Year ended 30 September 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3, New Barn Farm Brick Kiln Road, Raunds, Wellingborough, Northants, NN9 6HY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 28 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Judgements and key sources of estimation uncertainty
Tangible assets
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:
Plant and machinery |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
4.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 October 2016 |
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Disposals |
(
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(
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At 30 September 2017 |
– |
– |
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Depreciation |
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At 1 October 2016 |
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Charge for the year |
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Disposals |
(
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(
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At 30 September 2017 |
– |
– |
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Carrying amount |
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At 30 September 2017 |
– |
– |
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At 30 September 2016 |
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5.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Other creditors |
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6.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.
7.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 28 September 2015.
No transitional adjustments were required in equity or profit or loss for the period.
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Management Information |
Year ended 30 September 2017
The following pages do not form part of the financial statements.
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Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 30 September 2017
6 Alfred Street
Rushden
Northants
NN10 9YS