6 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 19,335 19,335 1,934 1,934 17,401 xbrli:pure xbrli:shares iso4217:GBP 09605833 2022-04-01 2023-03-31 09605833 2023-03-31 09605833 2022-03-31 09605833 2021-04-01 2022-03-31 09605833 2022-03-31 09605833 2021-03-31 09605833 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09605833 core:FurnitureFittings 2022-04-01 2023-03-31 09605833 core:MotorVehicles 2022-04-01 2023-03-31 09605833 bus:Director1 2022-04-01 2023-03-31 09605833 core:LandBuildings 2022-03-31 09605833 core:FurnitureFittings 2022-03-31 09605833 core:MotorVehicles 2022-03-31 09605833 core:LandBuildings 2023-03-31 09605833 core:FurnitureFittings 2023-03-31 09605833 core:MotorVehicles 2023-03-31 09605833 core:LandBuildings 2022-04-01 2023-03-31 09605833 core:WithinOneYear 2023-03-31 09605833 core:WithinOneYear 2022-03-31 09605833 core:ShareCapital 2023-03-31 09605833 core:ShareCapital 2022-03-31 09605833 core:RetainedEarningsAccumulatedLosses 2023-03-31 09605833 core:RetainedEarningsAccumulatedLosses 2022-03-31 09605833 core:LandBuildings 2022-03-31 09605833 core:FurnitureFittings 2022-03-31 09605833 core:MotorVehicles 2022-03-31 09605833 bus:SmallEntities 2022-04-01 2023-03-31 09605833 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09605833 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09605833 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09605833 bus:FullAccounts 2022-04-01 2023-03-31 09605833 core:IntangibleAssetsOtherThanGoodwill 2022-04-01 2023-03-31 09605833 core:IntangibleAssetsOtherThanGoodwill 2023-03-31
COMPANY REGISTRATION NUMBER: 09605833
CSR DISTRIBUTION LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
CSR DISTRIBUTION LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
17,401
Tangible assets
6
400,760
411,827
----------
----------
418,161
411,827
CURRENT ASSETS
Stocks
20,000
17,500
Debtors
7
36,486
13,990
Cash at bank and in hand
79,646
73,759
----------
----------
136,132
105,249
CREDITORS: amounts falling due within one year
8
356,985
306,547
----------
----------
NET CURRENT LIABILITIES
220,853
201,298
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
197,308
210,529
PROVISIONS
Taxation including deferred tax
10,531
7,742
----------
----------
NET ASSETS
186,777
202,787
----------
----------
CSR DISTRIBUTION LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
186,776
202,786
----------
----------
SHAREHOLDERS FUNDS
186,777
202,787
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 October 2023 , and are signed on behalf of the board by:
C Robertshaw
Director
Company registration number: 09605833
CSR DISTRIBUTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 6 (2022: 8 ).
5. INTANGIBLE ASSETS
Website
£
Cost
Additions
19,335
---------
At 31 March 2023
19,335
---------
Amortisation
Charge for the year
1,934
---------
At 31 March 2023
1,934
---------
Carrying amount
At 31 March 2023
17,401
---------
At 31 March 2022
---------
6. TANGIBLE ASSETS
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2022
387,986
12,620
36,483
437,089
Additions
3,000
1,692
4,692
----------
---------
---------
----------
At 31 March 2023
390,986
14,312
36,483
441,781
----------
---------
---------
----------
Depreciation
At 1 April 2022
7,126
3,208
14,928
25,262
Charge for the year
7,819
2,550
5,390
15,759
----------
---------
---------
----------
At 31 March 2023
14,945
5,758
20,318
41,021
----------
---------
---------
----------
Carrying amount
At 31 March 2023
376,041
8,554
16,165
400,760
----------
---------
---------
----------
At 31 March 2022
380,860
9,412
21,555
411,827
----------
---------
---------
----------
7. DEBTORS
2023
2022
£
£
Trade debtors
33,006
13,540
Other debtors
3,480
450
---------
---------
36,486
13,990
---------
---------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
461
59,666
Trade creditors
82,026
Corporation tax
61,426
47,653
Social security and other taxes
29,304
27,381
Van Lining Trim
66,695
55,261
Other creditors
117,073
116,586
----------
----------
356,985
306,547
----------
----------
9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors had unsecured interest free loans with the company. The loan accounts were in credit throughout the year and are repayable on demand.