Cado Security Ltd


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Company Registration No. 12552987 (England and Wales)
Cado Security Ltd Unaudited accounts for the year ended 30 April 2022
Cado Security Ltd Unaudited accounts Contents
Page
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Cado Security Ltd Company Information for the year ended 30 April 2022
Directors
James Campbell Christopher Doman Mark Gibson Hatfield Neil Thompson Imran Ghory
Company Number
12552987 (England and Wales)
Registered Office
Unit 2.05 12-18 Hoxton Street Hackney London N1 6NG United Kingdom
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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Cado Security Ltd Statement of financial position as at 30 April 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,596 
9,817 
Current assets
Debtors
674,989 
16,729 
Cash at bank and in hand
5,425,647 
7,769,733 
6,100,636 
7,786,462 
Creditors: amounts falling due within one year
(532,873)
(129,629)
Net current assets
5,567,763 
7,656,833 
Net assets
5,600,359 
7,666,650 
Capital and reserves
Called up share capital
23 
23 
Share premium
8,366,217 
8,006,812 
Revaluation reserve
5,494 
- 
Profit and loss account
(2,771,375)
(340,185)
Shareholders' funds
5,600,359 
7,666,650 
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2022 and were signed on its behalf by
James Campbell Director Company Registration No. 12552987
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Cado Security Ltd Notes to the Accounts for the year ended 30 April 2022
1
Statutory information
Cado Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 12552987. The registered office is Unit 2.05, 12-18 Hoxton Street, Hackney, London, N1 6NG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 Years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Cado Security Ltd Notes to the Accounts for the year ended 30 April 2022
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2021
10,838 
Additions
32,278 
At 30 April 2022
43,116 
Depreciation
At 1 May 2021
1,021 
Charge for the year
9,499 
At 30 April 2022
10,520 
Net book value
At 30 April 2022
32,596 
At 30 April 2021
9,817 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
41,740 
2,126 
Trade debtors
61,643 
- 
Accrued income and prepayments
196,448 
4,718 
Other debtors
22,695 
9,885 
322,526 
16,729 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
352,463 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
76,714 
34,305 
Taxes and social security
51,539 
10,615 
Other creditors
4,066 
5,276 
Accruals
400,554 
79,433 
532,873 
129,629 
7
Average number of employees
During the year the average number of employees was 18 (2021: 3).
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