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REGISTERED NUMBER: 02565354 (England and Wales)










Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cavey Dale Group Limited
T/A
CD Sales Recruitment

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Statement of Financial Position 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


Cavey Dale Group Limited
T/A CD Sales Recruitment

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B H Luton
H W Lee
P Bramble
J Carroll
R Murray
D Sales
D E Murphy





REGISTERED OFFICE: Suites 1A & 2A Oaks House
12-22 West Street
Epsom
Surrey
KT18 7RG





REGISTERED NUMBER: 02565354 (England and Wales)





ACCOUNTANTS: Freshwater Associates Limited
1 Gemini Court
42a Throwley Way
Sutton
Surrey
SM1 4AF

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

B H Luton
H W Lee
P Bramble
J Carroll
R Murray
D Sales
D E Murphy

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





B H Luton - Director


13 September 2024

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

REVENUE 6,627,520 9,902,255

Administrative expenses 5,929,668 8,454,444
OPERATING PROFIT 4 697,852 1,447,811

Interest receivable and similar income 5,026 16,030
702,878 1,463,841

Interest payable and similar expenses 4,378 1,302
PROFIT BEFORE TAXATION 698,500 1,462,539

Tax on profit 184,963 303,231
PROFIT FOR THE FINANCIAL YEAR 513,537 1,159,308

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 74,802 95,876
Investments 6 1,188 1,212
75,990 97,088

CURRENT ASSETS
Debtors 7 3,617,523 2,961,839
Cash at bank 624,258 897,942
4,241,781 3,859,781
CREDITORS
Amounts falling due within one year 8 581,034 711,851
NET CURRENT ASSETS 3,660,747 3,147,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,736,737

3,245,018

CREDITORS
Amounts falling due after more than one
year

9

(55,723

)

(65,372

)

PROVISIONS FOR LIABILITIES (18,245 ) (23,414 )
NET ASSETS 3,662,769 3,156,232

CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Capital redemption reserve 200 200
Retained earnings 3,658,569 3,152,032
SHAREHOLDERS' FUNDS 3,662,769 3,156,232

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.

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Statement of Financial Position - continued
31 March 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





B H Luton - Director


Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2022 4,000 3,242,724 200 3,246,924

Changes in equity
Dividends - (1,250,000 ) - (1,250,000 )
Total comprehensive income - 1,159,308 - 1,159,308
Balance at 31 March 2023 4,000 3,152,032 200 3,156,232

Changes in equity
Dividends - (7,000 ) - (7,000 )
Total comprehensive income - 513,537 - 513,537
Balance at 31 March 2024 4,000 3,658,569 200 3,662,769

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cavey Dale Group 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.

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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 58 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 24,934 31,959

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 90,441 83,140 85,193 258,774
Additions 1,324 - 2,536 3,860
At 31 March 2024 91,765 83,140 87,729 262,634
DEPRECIATION
At 1 April 2023 82,876 20,785 59,237 162,898
Charge for year 2,222 15,589 7,123 24,934
At 31 March 2024 85,098 36,374 66,360 187,832
NET BOOK VALUE
At 31 March 2024 6,667 46,766 21,369 74,802
At 31 March 2023 7,565 62,355 25,956 95,876

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 1,212
Exchange differences (24 )
At 31 March 2024 1,188
NET BOOK VALUE
At 31 March 2024 1,188
At 31 March 2023 1,212

The company owns 100% shares in Cavey Dale Group Inc, incorporated in the U.S.

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,411,189 1,589,085
Other debtors 2,206,334 1,372,754
3,617,523 2,961,839

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,648 8,318
Trade creditors 11,144 73,532
Taxation and social security 503,966 571,117
Other creditors 56,276 58,884
581,034 711,851

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 55,723 65,372

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000,000 Ordinary £0.00 1 4,000 4,000
100 Ordinary B £1 - -
100 Ordinary C £1 - -
4,000 4,000

11. OTHER FINANCIAL COMMITMENTS

The company has lease payments due under finance leases within one year of £121,910 (2023: £256,651) and within two to five years of £Nil (2023: £121,910).

12. RELATED PARTY DISCLOSURES

At the balance sheet date, an amount of £2,070,269 (2023: £1,246,752) was owed by the parent company Meddpicc Ltd, incorporated in England and Wales. During the year management fees of totalling £80,000 (2023: £80,000) were paid to the parent company Meddpicc Ltd.

At the year end date, included in trade debtors, an amount of £476,811 (2023: £541,963) was receivable from Cavey Dale Group Inc, which is 100% owned subsidiary incorporated in the U.S. During the year, revenue of £193,828 (2023: £570,602) was generated from Cavey Dale Group Inc, incorporated in the U.S.

13. ULTIMATE CONTROLLING PARTY

The ultimate control party is the parent company Meddpicc Ltd who owns 100% of shares of the company.

Cavey Dale Group Limited (Registered number: 02565354)
T/A CD Sales Recruitment

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

14. CHARGES

The company has entered into three charges with Santander UK PLC on 5th November 2021 by legal charges over all freehold and leasehold property owned by the company at the charge creation date and all future freehold and leasehold property of the company.