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Registered number: 13460301

CF Discounts Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

CF Discounts Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Karen Germain
REGISTERED OFFICE
35 Roman Bank
Skegness
Lincolnshire
PE25 2SN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13460301
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

CF Discounts Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

CF Discounts Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,8702,494
CURRENT ASSETS
Stock55,00050,000
Cash at bank and in hand2,2841,578
57,28451,578
CREDITORS: Amounts falling due within one year536,73531,357
NET CURRENT ASSETS20,54920,221
TOTAL ASSETS LESS CURRENT LIABILITIES22,41922,715
CREDITORS: Amounts falling due after more than one year623,99318,333
PROVISIONS FOR LIABILITIES AND CHARGES7-11
NET (LIABILITIES) / ASSETS(1,574)4,371
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(1,575)4,370
SHAREHOLDERS' FUNDS(1,574)4,371
For the year ending 30/06/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/08/2024 and signed on their behalf by
.............................
Karen Germain
Director

CF Discounts Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees66

CF Discounts Ltd

3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsTotal
£££
Cost
At 01/07/20221413,4873,628
At 30/06/20231413,4873,628
Depreciation
At 01/07/2022441,0901,134
For the year24600624
At 30/06/2023681,6901,758
Net Book Amounts
At 30/06/2023731,7971,870
At 30/06/2022972,3972,494
4. STOCK 20232022
££
Stock comprises:
Stock55,00050,000
55,00050,000
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax3,3513,351
VAT16,5776,501
PAYE control-38
Directors current account12,67713,935
Bank Loan-5,843
Trade creditors2,560409
Accruals1,5701,280
36,73531,357

CF Discounts Ltd

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr23,99318,333
23,99318,333
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation-11
-11
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
New shares issued during period:
1 Ordinary shares of £1 each11
-1