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REGISTERED NUMBER: 08725757 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2023

for

CDT Building Contractors Ltd

CDT Building Contractors Ltd (Registered number: 08725757)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


CDT Building Contractors Ltd (Registered number: 08725757)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,935 9,141

CURRENT ASSETS
Stocks 14,247 15,871
Debtors 6,467 11,305
Cash at bank 18,417 7,380
39,131 34,556
CREDITORS
Amounts falling due within one year 41,296 34,828
NET CURRENT LIABILITIES (2,165 ) (272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,770

8,869

CREDITORS
Amounts falling due after more than
one year

17,128

8,191
NET ASSETS 642 678

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Retained earnings 639 675
SHAREHOLDERS' FUNDS 642 678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

CDT Building Contractors Ltd (Registered number: 08725757)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 January 2024 and were signed on its behalf by:




Mr D G Thompson - Director



Mr C D Thompson - Director


CDT Building Contractors Ltd (Registered number: 08725757)

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

1. STATUTORY INFORMATION

CDT Building Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08725757

Registered office: c/o Smart Accountancy Solutions Ltd
26 Sansome Walk
Worcester
Worcestershire
WR1 1LX

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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 supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

CDT Building Contractors Ltd (Registered number: 08725757)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, adjusted for transactions costs. Debt instruments are a subsequently carried at amortised cost, using the effective interest method. Where the arrangement constitutes a financing transaction, the debt instrument is measured at present value of future receipts, discounted at a market rate of interest.

During the year, the company benefited from a Government backed loan. The effect of discounting such a loan is considered immaterial and has therefore been recognised at the loan amount received.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

CDT Building Contractors Ltd (Registered number: 08725757)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 29,883
Additions 21,867
Disposals (14,000 )
At 31 March 2023 37,750
DEPRECIATION
At 1 April 2022 20,742
Charge for year 6,643
Eliminated on disposal (9,570 )
At 31 March 2023 17,815
NET BOOK VALUE
At 31 March 2023 19,935
At 31 March 2022 9,141

CDT Building Contractors Ltd (Registered number: 08725757)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022 28,000
Additions 21,867
Disposals (14,000 )
At 31 March 2023 35,867
DEPRECIATION
At 1 April 2022 19,141
Charge for year 6,573
Eliminated on disposal (9,570 )
At 31 March 2023 16,144
NET BOOK VALUE
At 31 March 2023 19,723
At 31 March 2022 8,859

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr D G Thompson
Balance outstanding at start of year 5,352 9,769
Amounts advanced 3,693 5,352
Amounts repaid (5,352 ) (9,769 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,693 5,352

Mr C D Thompson
Balance outstanding at start of year 5,953 8,972
Amounts advanced 2,773 5,953
Amounts repaid (5,953 ) (8,972 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,773 5,953

The directors loans were repaid within 9 months of the year end.