Company Registration No. 4884659 (England and Wales)
CDK Developments Limited
Unaudited accounts
for the year ended 31 December 2021
CDK Developments Limited
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
7,059
27
Creditors: amounts falling due within one year
(110,117)
(94,600)
Net current assets
55,541
19,556
Total assets less current liabilities
56,534
20,962
Creditors: amounts falling due after more than one year
(62,263)
(50,000)
Net liabilities
(5,729)
(29,038)
Called up share capital
100
100
Profit and loss account
(5,829)
(29,138)
Shareholders' funds
(5,729)
(29,038)
For the year ending 31 December 2021 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 director acknowledges his 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 and authorised for issue on 29 September 2022 and were signed on its behalf by
Duane John Stubbington
Director
Company Registration No. 4884659
CDK Developments Limited
Notes to the Accounts
for the year ended 31 December 2021
CDK Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 4884659. The registered office is 1st floor Station House, Station Approach, Carshalton, Surrey, SM5 2HW, 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.
In view of the loss for the year the Director has considered the appropriateness of the use of the Going Concern basis in preparing these accounts. After reviewing the group's forecasts and projections, the director has 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 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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
CDK Developments Limited
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
26,141
10,490
36,631
At 31 December 2021
26,141
10,490
36,631
At 1 January 2021
25,726
9,499
35,225
Charge for the year
83
330
413
At 31 December 2021
25,809
9,829
35,638
At 31 December 2021
332
661
993
At 31 December 2020
415
991
1,406
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
84,008
20,636
Other debtors
28,884
26,944
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
29,634
30,039
Trade creditors
41,132
16,561
Taxes and social security
19,480
16,336
Other creditors
14,772
25,534
Loans from directors
-
1,631
CDK Developments Limited
Notes to the Accounts
for the year ended 31 December 2021
7
Creditors: amounts falling due after more than one year
2021
2020
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
10
Transactions with related parties
During the year the company made loans to the Director totalling £25,979 (2020-£nil). At the year-end, the amount outstanding from the Director was £25,979 (2020- £nil). Loans are repayable on demand and bear interest at 2.5% per annum.
11
Average number of employees
During the year the average number of employees was 6 (2020: 10).
