2023-07-012024-06-302024-06-30false10209493CAPITAL DIRECT MANAGEMENT (UK) 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CAPITAL DIRECT MANAGEMENT (UK) LIMITED

Registered Number
10209493
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

CAPITAL DIRECT MANAGEMENT (UK) LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Mr J M Vincent

Registered Address

Yew Tree Farm
Eagle Barnsdale
Lincoln
LN6 9EA

Registered Number

10209493 (England and Wales)
CAPITAL DIRECT MANAGEMENT (UK) LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,2943,010
2,2943,010
Current assets
Debtors4177,473147,087
Current asset investments521,56932,683
Cash at bank and on hand1-
199,043179,770
Creditors amounts falling due within one year6(53,501)(31,138)
Net current assets (liabilities)145,542148,632
Total assets less current liabilities147,836151,642
Provisions for liabilities7(1,308)(706)
Net assets146,528150,936
Capital and reserves
Called up share capital25,00025,000
Profit and loss account121,528125,936
Shareholders' funds146,528150,936
The financial statements were approved and authorised for issue by the Director on 30 September 2024, and are signed on its behalf by:
Mr J M Vincent
Director
Registered Company No. 10209493
CAPITAL DIRECT MANAGEMENT (UK) LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery15-
Office Equipment-3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year43
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 July 231,6924,7826,474
Additions-999999
At 30 June 241,6925,7817,473
Depreciation and impairment
At 01 July 238092,6553,464
Charge for year1331,5821,715
At 30 June 249424,2375,179
Net book value
At 30 June 247501,5442,294
At 30 June 238832,1273,010
4.Debtors: amounts due within one year

2024

2023

££
Other debtors174,452143,177
Prepayments and accrued income3,0213,910
Total177,473147,087
5.Current asset investments
Cost or Valuation At 1 July 2023 £32,683 Fair value adjustment £2,686 Additions £100 Disposals (£13,900) At 30 June 2024 £21,569
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables238-
Taxation and social security45,02728,830
Other creditors6,126558
Accrued liabilities and deferred income2,1101,750
Total53,50131,138
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,308706
Total1,308706
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr J M Vincent128,981183,112152,037160,056
Year ended 30th June 2024
128,981183,112152,037160,056
Year ended 30th June 2023 Mr J M Vincent Brought forward £181,285 Amount advanced £153,735 Amount repaid £206,039 Carried forward £128,981