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
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
Cado Security Ltd
Statement of financial position
as at 30 April 2022
Tangible assets
32,596
9,817
Cash at bank and in hand
5,425,647
7,769,733
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
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
Cado Security Ltd
Notes to the Accounts
for the year ended 30 April 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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.
Cado Security Ltd
Notes to the Accounts
for the year ended 30 April 2022
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
196,448
4,718
Other debtors
22,695
9,885
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
7
Average number of employees
During the year the average number of employees was 18 (2021: 3).