2022-07-012023-06-302023-06-30false10209493CAPITAL DIRECT MANAGEMENT (UK) 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CAPITAL DIRECT MANAGEMENT (UK) LIMITED

Registered Number
10209493
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

CAPITAL DIRECT MANAGEMENT (UK) LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

Mr J M Vincent

Registered Address

Yew Tree Farm
Eagle Barnsdale
Lincoln
LN6 9EA

Registered Number

10209493 (England and Wales)
CAPITAL DIRECT MANAGEMENT (UK) LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets73,0102,759
3,0102,759
Current assets
Debtors9147,087198,855
Current asset investments32,68375,000
Cash at bank and on hand-8,570
179,770282,425
Creditors amounts falling due within one year10(31,138)(43,316)
Net current assets (liabilities)148,632239,109
Total assets less current liabilities151,642241,868
Provisions for liabilities11(706)(524)
Net assets150,936241,344
Capital and reserves
Called up share capital25,00025,000
Profit and loss account125,936216,344
Shareholders' funds150,936241,344
The financial statements were approved and authorised for issue by the Director on 6 October 2023, and are signed on its behalf by:
Mr J M Vincent
Director
Registered Company No. 10209493
CAPITAL DIRECT MANAGEMENT (UK) LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is that of providing licensed independent financial advisory services.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Office Equipment33
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20232022
Average number of employees during the year33
7.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 July 221,6922,9554,647
Additions-1,8271,827
At 30 June 231,6924,7826,474
Depreciation and impairment
At 01 July 226531,2351,888
Charge for year1561,4201,576
At 30 June 238092,6553,464
Net book value
At 30 June 238832,1273,010
At 30 June 221,0391,7202,759
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr J M Vincent181,285153,744205,539129,490
181,285153,744205,539129,490
9.Debtors

2023

2022

££
Other debtors143,177195,481
Prepayments and accrued income3,9103,374
Total147,087198,855
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Taxation and social security28,83041,560
Other creditors558167
Accrued liabilities and deferred income1,7501,589
Total31,13843,316
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)706524
Total706524