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REGISTERED NUMBER: 02867890 (England and Wales)















Financial Statements

for the Year Ended 28 February 2023

for

The CD Pool (UK) Limited

The CD Pool (UK) Limited (Registered number: 02867890)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The CD Pool (UK) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: T J Rudling
R S Sawyer





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 02867890 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

The CD Pool (UK) Limited (Registered number: 02867890)

Statement of Financial Position
28 February 2023

28/2/23 28/2/22
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 3,225 3,851
3,225 3,851

CURRENT ASSETS
Debtors 7 27,396 8,306
Cash at bank and in hand 59,612 121,098
87,008 129,404
CREDITORS
Amounts falling due within one year 8 (191,927 ) (182,784 )
NET CURRENT LIABILITIES (104,919 ) (53,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,694

)

(49,529

)

CREDITORS
Amounts falling due after more than one
year

9

(31,667

)

(41,667

)
NET LIABILITIES (133,361 ) (91,196 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (133,461 ) (91,296 )
SHAREHOLDERS' FUNDS (133,361 ) (91,196 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 CD Pool (UK) Limited (Registered number: 02867890)

Statement of Financial Position - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




R S Sawyer - Director



T J Rudling - Director


The CD Pool (UK) Limited (Registered number: 02867890)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The CD Pool (UK) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Going concern
The company is in a net current liabilities position at 28 February 2023. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Revenue 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 2010, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

The CD Pool (UK) Limited (Registered number: 02867890)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 March 2022
and 28 February 2023 200,000
Amortisation
At 1 March 2022
and 28 February 2023 200,000
Net book value
At 28 February 2023 -
At 28 February 2022 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2022 4,320 16,132 20,452
Additions - 1,184 1,184
Disposals (780 ) (6,443 ) (7,223 )
At 28 February 2023 3,540 10,873 14,413
Depreciation
At 1 March 2022 4,320 12,281 16,601
Charge for year - 1,126 1,126
Eliminated on disposal (780 ) (5,759 ) (6,539 )
At 28 February 2023 3,540 7,648 11,188
Net book value
At 28 February 2023 - 3,225 3,225
At 28 February 2022 - 3,851 3,851

The CD Pool (UK) Limited (Registered number: 02867890)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 517 -
Other debtors 26,879 8,306
27,396 8,306

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 10,000 8,333
Trade creditors 1,930 4,481
Taxation and social security 2,847 5,216
Other creditors 177,150 164,754
191,927 182,784

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans 31,667 41,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,667

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28/2/23 28/2/22
£    £   
T J Rudling
Balance outstanding at start of year - -
Amounts advanced 9,783 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,783 -

R S Sawyer
Balance outstanding at start of year - -
Amounts advanced 16,016 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,016 -

The CD Pool (UK) Limited (Registered number: 02867890)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

During the year, the company loaned £10,000 to each director. This was repaid after the year end but prior to the date of this report.

Further to this the company also loaned R Sawyer £6,016. Interest has been applied at 2% on the overdrawn balances.

11. RELATED PARTY DISCLOSURES

The directors have a beneficial interest in Devonshire House, the commercial premises from which the company operates. In the year, the company paid rent of £1,250 (2022: £15,000) in respect of the use of this office space.