IRIS Accounts Production v24.2.0.383 06060927 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060609272023-03-31060609272024-03-31060609272023-04-012024-03-31060609272022-03-31060609272022-04-012023-03-31060609272023-03-3106060927ns15:EnglandWales2023-04-012024-03-3106060927ns14:PoundSterling2023-04-012024-03-3106060927ns10:Director12023-04-012024-03-3106060927ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106060927ns10:SmallEntities2023-04-012024-03-3106060927ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106060927ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106060927ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106060927ns10:FullAccounts2023-04-012024-03-310606092712023-04-012024-03-3106060927ns10:Director22023-04-012024-03-3106060927ns10:CompanySecretary12023-04-012024-03-3106060927ns10:RegisteredOffice2023-04-012024-03-3106060927ns5:CurrentFinancialInstruments2024-03-3106060927ns5:CurrentFinancialInstruments2023-03-3106060927ns5:ShareCapital2024-03-3106060927ns5:ShareCapital2023-03-3106060927ns5:RetainedEarningsAccumulatedLosses2024-03-3106060927ns5:RetainedEarningsAccumulatedLosses2023-03-3106060927ns5:NetGoodwill2023-04-012024-03-3106060927ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106060927ns5:PlantMachinery2023-04-012024-03-3106060927ns5:MotorVehicles2023-04-012024-03-3106060927ns5:ComputerEquipment2023-04-012024-03-3106060927ns5:NetGoodwill2023-03-3106060927ns5:NetGoodwill2024-03-3106060927ns5:NetGoodwill2023-03-3106060927ns5:PlantMachinery2023-03-3106060927ns5:MotorVehicles2023-03-3106060927ns5:ComputerEquipment2023-03-3106060927ns5:PlantMachinery2024-03-3106060927ns5:MotorVehicles2024-03-3106060927ns5:ComputerEquipment2024-03-3106060927ns5:PlantMachinery2023-03-3106060927ns5:MotorVehicles2023-03-3106060927ns5:ComputerEquipment2023-03-3106060927ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106060927ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06060927 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CONVEYOR ACCESSORIES DIRECT LIMITED

CONVEYOR ACCESSORIES DIRECT LIMITED (REGISTERED NUMBER: 06060927)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONVEYOR ACCESSORIES DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P J Osborne
Mrs L J Osborne





SECRETARY: Mrs L J Osborne





REGISTERED OFFICE: 16 James Watt Close
Drayton Fields Industrial Estate
Daventry
Northamptonshire
NN11 8RJ





REGISTERED NUMBER: 06060927 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

CONVEYOR ACCESSORIES DIRECT LIMITED (REGISTERED NUMBER: 06060927)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,368 72,200
Tangible assets 5 47,958 62,473
101,326 134,673

CURRENT ASSETS
Stocks 94,654 86,153
Debtors 6 33,541 30,507
Cash at bank 145,143 213,628
273,338 330,288
CREDITORS
Amounts falling due within one year 7 125,856 219,440
NET CURRENT ASSETS 147,482 110,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,808

245,521

PROVISIONS FOR LIABILITIES 9,112 11,870
NET ASSETS 239,696 233,651

CAPITAL AND RESERVES
Called up, fully paid share capital 20,100 20,100
Retained earnings 219,596 213,551
SHAREHOLDERS' FUNDS 239,696 233,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 20 August 2024 and were signed on its behalf by:





Mr P J Osborne - Director


CONVEYOR ACCESSORIES DIRECT LIMITED (REGISTERED NUMBER: 06060927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Conveyor Accessories Direct 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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost
Office Equipment - 33% on cost

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CONVEYOR ACCESSORIES DIRECT LIMITED (REGISTERED NUMBER: 06060927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 376,648
AMORTISATION
At 1 April 2023 304,448
Charge for year 18,832
At 31 March 2024 323,280
NET BOOK VALUE
At 31 March 2024 53,368
At 31 March 2023 72,200

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 14,736 71,633 2,368 88,737
DEPRECIATION
At 1 April 2023 14,736 9,542 1,986 26,264
Charge for year - 14,327 188 14,515
At 31 March 2024 14,736 23,869 2,174 40,779
NET BOOK VALUE
At 31 March 2024 - 47,764 194 47,958
At 31 March 2023 - 62,091 382 62,473

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,037 30,125
Other debtors 504 382
33,541 30,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,150 2,403
Taxation and social security 21,660 12,434
Other creditors 97,046 204,603
125,856 219,440

8. RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to the directors was £96,176 (2023 - £204,316). No interest is charged on this loan. There are no fixed repayment terms.