CIDAK AUTO PARTS LTD
CIDAK AUTO PARTS LTD
Registered number: 12617674
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 May 2022
CIDAK AUTO PARTS LTD
Unaudited Financial Statements
For The Year Ended
31 May 2022
Unaudited Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3—4 |
Page 1
CIDAK AUTO PARTS LTD
Abridged Balance Sheet
As at
31 May 2022
Abridged Balance Sheet
Registered number:
12617674
For the year ending 31 May 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2022 in accordance with section 444(2A) of the Companies Act 2006.
31 May 2022 | 31 May 2021 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 4 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 83,552 | 9,905 | |||
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Page 2
CIDAK AUTO PARTS LTD
Abridged Balance Sheet (continued)
As at
31 May 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
CIDAK AUTO PARTS LTD
Notes to the Abridged Financial Statements
For The Year Ended
31 May 2022
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
1.2.
Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the foreseeable future.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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1.5.
Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
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Page 4
CIDAK AUTO PARTS LTD
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 May 2022
3.
Tangible Assets
Total | |
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£ | |
Cost | |
As at
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Additions |
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As at
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Depreciation | |
As at
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Provided during the period |
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As at
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Net Book Value | |
As at
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As at
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4.
Share Capital
31 May 2022 | 31 May 2021 | ||
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Allotted, Called up and fully paid |
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5.
General Information
CIDAK AUTO PARTS LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
12617674
. The registered office is 39 Chapel Drive, Aylesbury, Buckinghamshire, HP22 5EN.
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