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Registered number: 06534628
CSK Retail Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
PPR Associates Ltd
77/77a High Street
South Normanton
Alfreton
Derbyshire
DE55 2BP
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 06534628
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 656,199 656,199
Tangible Assets 5 2,406,188 2,406,219
3,062,387 3,062,418
CURRENT ASSETS
Stocks 105,856 101,348
Debtors 50,981 49,213
Cash at bank and in hand 5,000 5,000
161,837 155,561
Creditors: Amounts Falling Due Within One Year (1,602,488 ) (1,583,082 )
NET CURRENT ASSETS (LIABILITIES) (1,440,651 ) (1,427,521 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,621,736 1,634,897
Creditors: Amounts Falling Due After More Than One Year (343,481 ) (490,080 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,369 ) (36,324 )
NET ASSETS 1,235,886 1,108,493
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,235,786 1,108,393
SHAREHOLDERS' FUNDS 1,235,886 1,108,493
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Karim Rashid
Director
9th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
CSK Retail Limited Registered number 06534628 is a limited by shares company incorporated in England & Wales. The Registered Office is 10 Beaumaris Grove, Shenley Church End, Milton Keynes, MK5 6EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation is provided in order to write off each asset over its estimated useful life of Nil years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% on reducing balance
Leasehold 10% on reducing balance
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on reducing balance
2.5. Investment Properties
It is the company policy not to provide depreciation on freehold properties. The properties are maintained to a high standard and the director considers the residual value, based on prices prevailing at the time of acquisition are as such that depreciation is not significant.
2.6. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 4 4
Sales, marketing and distribution 31 31
35 35
4. Intangible Assets
Total
£
Cost
As at 1 January 2023 656,199
As at 31 December 2023 656,199
Net Book Value
As at 31 December 2023 656,199
As at 1 January 2023 656,199
5. Tangible Assets
Total
£
Cost
As at 1 January 2023 2,943,240
Additions 35,673
As at 31 December 2023 2,978,913
Depreciation
As at 1 January 2023 537,021
Provided during the period 35,704
As at 31 December 2023 572,725
Net Book Value
As at 31 December 2023 2,406,188
As at 1 January 2023 2,406,219
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6. Secured Creditors
The company's bankers HSBC Bank PLC hold a debenture and legal charge over the undertakings and all property and assets of the company.
Of the creditors falling due within and after more than one year the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 1,496,804 1,570,430
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Karim Rashid 12,597 13,500 13,500 - 12,597
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
Mrs Margaret Rashid
Mrs Rashid is a shareholder of the company and therefore a related party.
The balance owed is included within other debtors. At the balance sheet date the amount due was £12,597 (2022 £12,597).
K & M Rashid Limited
K & M Rashid Limited is a company wholly owned by the shareholders.
The company has received loaned monies for cashflow purposes from K & M Rashid Limited. The balance is included within other creditors. At the balance sheet date the amount outstanding was £100,000 (2022 £100,000). 
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Karim Rashid by virtue of his ownership of 50% of the issued share capital in the company.
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