Acorah Software Products - Accounts Production 15.0.650 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12617674 Mrs Sukhjinder Handa Mr Harvinder Handa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12617674 2023-05-31 12617674 2024-05-31 12617674 2023-06-01 2024-05-31 12617674 frs-core:Non-currentFinancialInstruments 2024-05-31 12617674 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12617674 frs-core:FurnitureFittings 2023-06-01 2024-05-31 12617674 frs-core:MotorVehicles 2023-06-01 2024-05-31 12617674 frs-core:ShareCapital 2024-05-31 12617674 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12617674 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12617674 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 12617674 frs-bus:SmallEntities 2023-06-01 2024-05-31 12617674 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12617674 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12617674 frs-core:CostValuation 2023-05-31 12617674 frs-core:CostValuation 2024-05-31 12617674 frs-bus:Director1 2023-06-01 2024-05-31 12617674 frs-bus:Director2 2023-06-01 2024-05-31 12617674 frs-countries:EnglandWales 2023-06-01 2024-05-31 12617674 2022-05-31 12617674 2023-05-31 12617674 2022-06-01 2023-05-31 12617674 frs-core:Non-currentFinancialInstruments 2023-05-31 12617674 frs-core:ShareCapital 2023-05-31 12617674 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12617674
CIDAK AUTO PARTS LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12617674
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 205,489 79,121
Investments 5 45 45
205,534 79,166
CURRENT ASSETS
Stocks 303,860 160,360
Debtors 616,579 310,144
Cash at bank and in hand 100,208 69,291
1,020,647 539,795
Creditors: Amounts Falling Due Within One Year (759,008 ) (322,561 )
NET CURRENT ASSETS (LIABILITIES) 261,639 217,234
TOTAL ASSETS LESS CURRENT LIABILITIES 467,173 296,400
Creditors: Amounts Falling Due After More Than One Year (181,644 ) (141,165 )
NET ASSETS 285,529 155,235
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 285,429 155,135
SHAREHOLDERS' FUNDS 285,529 155,235
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 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 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Harvinder Handa
Director
22/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
CIDAK AUTO PARTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12617674 . The registered office is 39 Chapel Drive, Aylesbury, Buckinghamshire, HP22 5EN.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare
consolidated accounts, on the basis that the group of which this is the parent, qualifies as a small group. The financial
statements present information about the company as an individual entity and not about its group.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to
adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Motor Vehicles 10% reducing balance
Fixtures & Fittings Straight line basis
Computer Equipment Straightline
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 94,698
Additions 139,519
As at 31 May 2024 234,217
Depreciation
As at 1 June 2023 15,577
Provided during the period 13,151
As at 31 May 2024 28,728
Net Book Value
As at 31 May 2024 205,489
As at 1 June 2023 79,121
5. Investments
Total
£
Cost
As at 1 June 2023 45
As at 31 May 2024 45
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 45
As at 1 June 2023 45
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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