COMPANY REGISTRATION NO. 06253264 (England and Wales)
CAUTELA DIAMOND LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
PAGES FOR FILING WITH REGISTRAR
CAUTELA DIAMOND LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
CAUTELA DIAMOND LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2020
31 August 2020
- 1 -
2020
2019
£
£
£
£
Fixed assets
Property, plant and equipment
3
525
Current assets
Trade and other receivables
4
86,243
38,988
Cash and cash equivalents
16,455
17,883
102,698
56,871
Current liabilities
5
(44,018)
(31,205)
Net current assets
58,680
25,666
Total assets less current liabilities
59,205
25,666
Non-current liabilities
6
(38,000)
Provisions for liabilities
(100)
Net assets
21,105
25,666
Equity
Called up share capital
7
100
100
Retained earnings
21,005
25,566
Total equity
21,105
25,666
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 August 2020 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.
T
he 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CAUTELA DIAMOND LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 AUGUST 2020
31 August 2020
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 June 2021 and are signed on its behalf by:
Mrs P Huntley
Director
Company Registration No. 06253264
CAUTELA DIAMOND LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
- 3 -
1
Accounting policies
Company information
Cautela Diamond Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
C/O UHY Hacker Young, Lanyon House, Mission Court, Newport, South Wales, United Kingdom, NP20 2DW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Revenue
Revenue is recognised at the fair value of the consideration received or receivable for
security
services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Property, plant and equipment
Property, plant and equipment
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
20% on cost
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
CAUTELA DIAMOND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
17
21
CAUTELA DIAMOND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
- 5 -
3
Property, plant and equipment
Computer equipment
£
Cost
At 1 September 2019
Additions
637
At 31 August 2020
637
Depreciation and impairment
At 1 September 2019
Depreciation charged in the year
112
At 31 August 2020
112
Carrying amount
At 31 August 2020
525
At 31 August 2019
4
Trade and other receivables
2020
2019
Amounts falling due within one year:
£
£
Trade receivables
16,763
16,173
Amounts owed by group undertakings
69,037
21,970
Other receivables
443
845
86,243
38,988
5
Current liabilities
2020
2019
£
£
Bank loans
2,000
Trade payables
272
3,989
Taxation and social security
37,385
25,420
Other payables
4,361
1,796
44,018
31,205
CAUTELA DIAMOND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
- 6 -
6
Non-current liabilities
2020
2019
£
£
Bank loans and overdrafts
38,000
Creditors which fall due after five years are as follows:
2020
2019
£
£
Payable by instalments
6,000
-
7
Called up share capital
2020
2019
2020
2019
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Parent company
Cautela Diamond Ltd is a subsidiary of Cautela Holdings Ltd who's registered office is c/o UHY Hacker Young, Lanyon House, Mission Court, Newport, NP20 2DW.