CCDC Trading Limited SC530297 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property letting Digita Accounts Production Advanced 6.30.9574.0 true SC530297 2022-04-01 2023-03-31 SC530297 2023-03-31 SC530297 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 SC530297 core:CurrentFinancialInstruments 2023-03-31 SC530297 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC530297 bus:SmallEntities 2022-04-01 2023-03-31 SC530297 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC530297 bus:FullAccounts 2022-04-01 2023-03-31 SC530297 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC530297 bus:RegisteredOffice 2022-04-01 2023-03-31 SC530297 bus:Director2 2022-04-01 2023-03-31 SC530297 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC530297 core:ParentEntities 2022-04-01 2023-03-31 SC530297 countries:Scotland 2022-04-01 2023-03-31 SC530297 2021-04-01 2022-03-31 SC530297 2022-03-31 SC530297 core:CurrentFinancialInstruments 2022-03-31 SC530297 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: SC530297

CCDC Trading Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

CCDC Trading Limited

(Registration number: SC530297)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

1

1

Current assets

 

Debtors

5

-

2,002

Cash at bank and in hand

 

1,645

65

 

1,645

2,067

Creditors: Amounts falling due within one year

6

(1,356)

(918)

Net current assets

 

289

1,149

Net assets

 

290

1,150

Capital and reserves

 

Called up share capital

100

100

Retained earnings

190

1,050

Shareholders' funds

 

290

1,150

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 September 2023 and signed on its behalf by:
 

.........................................
Mr I J G Scott
Director

 

CCDC Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Coigach Community Hall
Achiltibuie
Ullapool
IV26 2YG

These financial statements were authorised for issue by the Board on 18 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

CCDC Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

CCDC Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

1

1

At 31 March 2023

1

1

Impairment

Carrying amount

At 31 March 2023

1

1

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

900

Other debtors

-

1,102

 

-

2,002

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,356

918

 

CCDC Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Related party transactions

Summary of transactions with parent

Coigach Community Development Company

(Coigach Community Development Company owns 100% of the share capital in CCDC Trading Limited)

 
During the year CCDC Trading Limited incurred rental expenses of £3,847 (2022 - £5,130) due to Coigach Community Development Company.

During the year CCDC Trading Limited made a donation to Coigach Community Development Company of £6,500 (2022 - £4,250).

At the balance sheet date CCDC Trading Limited was owed £Nil (2022 - £nil) from Coigach Community Development Company.