CDA (UK) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08641972 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2023

for

CDA (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Matthews

REGISTERED OFFICE:

Unit 14/15 Hall Farm

Sywell Aerodrome

Sywell

Northamptonshire

NN6 0BN

REGISTERED NUMBER:

08641972 (England and Wales)

FIXED ASSETS

Intangible assets

4

168,028

185,561

Tangible assets

5

16,445

23,958

184,473

209,519

CURRENT ASSETS

Stocks

45,769

20,000

Debtors

6

97,676

117,144

Cash at bank

5,720

32,208

149,165

169,352

CREDITORS

Amounts falling due within one year

7

182,368

145,498

NET CURRENT (LIABILITIES)/ASSETS

(33,203

)

23,854

TOTAL ASSETS LESS CURRENT LIABILITIES

151,270

233,373

CREDITORS

Amounts falling due after more than one year

8

102,362

119,797

NET ASSETS

48,908

113,576

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

48,808

113,476

SHAREHOLDERS' FUNDS

48,908

113,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2024 and were signed by:

B Matthews - Director

1.	STATUTORY INFORMATION

CDA (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2022

and 31 August 2023

263,000

AMORTISATION

At 1 September 2022

77,439

Charge for year

17,533

At 31 August 2023

94,972

NET BOOK VALUE

At 31 August 2023

168,028

At 31 August 2022

185,561

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2022

73,679

Additions

6,283

At 31 August 2023

79,962

DEPRECIATION

At 1 September 2022

49,721

Charge for year

13,796

At 31 August 2023

63,517

NET BOOK VALUE

At 31 August 2023

16,445

At 31 August 2022

23,958

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade debtors

75,863

46,961

Other debtors

21,813

70,183

97,676

117,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Bank loans and overdrafts

1,182

-

Trade creditors

2,879

1,610

Taxation and social security

96,176

69,153

Other creditors

82,131

74,735

182,368

145,498

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.23

31.8.22

£

£

Other creditors

102,362

119,797

31.8.23

31.8.22

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

13,751

18,751

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.23

31.8.22

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23

31.8.22

£

£

B Matthews

Balance outstanding at start of year

48,370

69,573

Amounts advanced

130,743

-

Amounts repaid

(180,309

)

(21,203

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,196

)

48,370