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Company Registration No. 10899813 (England and Wales)
CKDSHOP UK LTD Unaudited accounts for the year ended 31 August 2023
CKDSHOP UK LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,264 
2,529 
Tangible assets
477,591 
468,484 
478,855 
471,013 
Current assets
Inventories
411,771 
310,400 
Debtors
187,554 
126,465 
Cash at bank and in hand
6,429 
4,512 
605,754 
441,377 
Creditors: amounts falling due within one year
(83,922)
(99,031)
Net current assets
521,832 
342,346 
Total assets less current liabilities
1,000,687 
813,359 
Creditors: amounts falling due after more than one year
(925,956)
(907,761)
Provisions for liabilities
Deferred tax
(15,786)
- 
Net assets/(liabilities)
58,945 
(94,402)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
58,845 
(94,502)
Shareholders' funds
58,945 
(94,402)
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by
Alexander Charles William Massey Director Company Registration No. 10899813
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CKDSHOP UK LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
CKDSHOP UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10899813. The registered office is Unit 8 Maricott Court, Holywell Business Park, Southam, CV47 0FT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
None
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% of cost
Computer equipment
33% of cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 3 -
CKDSHOP UK LTD Notes to the Accounts for the year ended 31 August 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2022
3,794 
At 31 August 2023
3,794 
Amortisation
At 1 September 2022
1,265 
Charge for the year
1,265 
At 31 August 2023
2,530 
Net book value
At 31 August 2023
1,264 
At 31 August 2022
2,529 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
410,948 
135,521 
51,146 
19,465 
4,878 
621,958 
Additions
- 
18,975 
37,053 
- 
1,843 
57,871 
Disposals
- 
- 
(35,055)
- 
- 
(35,055)
At 31 August 2023
410,948 
154,496 
53,144 
19,465 
6,721 
644,774 
Depreciation
At 1 September 2022
16,438 
87,689 
32,539 
14,598 
2,210 
153,474 
Charge for the year
- 
16,702 
12,375 
4,866 
2,189 
36,132 
On disposals
- 
- 
(22,423)
- 
- 
(22,423)
At 31 August 2023
16,438 
104,391 
22,491 
19,464 
4,399 
167,183 
Net book value
At 31 August 2023
394,510 
50,105 
30,653 
1 
2,322 
477,591 
At 31 August 2022
394,510 
47,832 
18,607 
4,867 
2,668 
468,484 
- 4 -
CKDSHOP UK LTD Notes to the Accounts for the year ended 31 August 2023
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
14,231 
- 
- Motor vehicles
27,790 
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,765 
3,587 
Trade debtors
67,671 
11,670 
Accrued income and prepayments
1,600 
1,600 
Other debtors
112,518 
109,608 
187,554 
126,465 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,933 
16,282 
Obligations under finance leases and hire purchase contracts
19,573 
- 
Trade creditors
43,811 
47,453 
Other creditors
1,401 
13,454 
Loans from directors
704 
19,242 
Accruals
1,500 
2,600 
83,922 
99,031 
Bank loans of £10,709 are secured against the freehold property.
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
237,636 
254,569 
Obligations under finance leases and hire purchase contracts
9,086 
- 
Other creditors
50,000 
50,000 
Loans from directors
629,234 
603,192 
925,956 
907,761 
Bank loans of £205,778 are secured against the freehold property.
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
15,786 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
15,786 
- 
Provision at end of year
15,786 
- 
- 5 -
CKDSHOP UK LTD Notes to the Accounts for the year ended 31 August 2023
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -