Company Registration No. SC656386 (Scotland)
CADI Retail Ltd
Unaudited accounts
for the year ended 31 March 2023
CADI Retail Ltd
Unaudited accounts
Contents
CADI Retail Ltd
Company Information
for the year ended 31 March 2023
Director
Michael William Gregan
Company Number
SC656386 (Scotland)
Registered Office
138 Nelson Street
Glasgow
G5 8EJ
Scotland
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
CADI Retail Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
20,612
22,146
Cash at bank and in hand
18,363
19,236
Creditors: amounts falling due within one year
(20,972)
(12,519)
Net current (liabilities)/assets
(2,609)
6,717
Called up share capital
10
10
Profit and loss account
17,993
28,853
Shareholders' funds
18,003
28,863
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. 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 7 November 2023 and were signed on its behalf by
Michael William Gregan
Director
Company Registration No. SC656386
CADI Retail Ltd
Notes to the Accounts
for the year ended 31 March 2023
CADI Retail Ltd is a private company, limited by shares, registered in Scotland, registration number SC656386. The registered office is 138 Nelson Street, Glasgow, G5 8EJ, Scotland .
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.
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:
Plant & machinery
10% reducing balance
Motor vehicles
10% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
5,350
18,828
420
612
25,210
At 31 March 2023
5,350
18,828
741
1,021
25,940
At 1 April 2022
1,017
1,883
42
122
3,064
Charge for the year
433
1,695
38
98
2,264
At 31 March 2023
1,450
3,578
80
220
5,328
At 31 March 2023
3,900
15,250
661
801
20,612
At 31 March 2022
4,333
16,945
378
490
22,146
CADI Retail Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,148
5,381
Other creditors
3,000
3,000
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).