0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 5095945 2023-04-01 2024-03-31 5095945 2024-03-31 5095945 2023-03-31 5095945 2022-04-01 2023-03-31 5095945 2023-03-31 5095945 2022-03-31 5095945 core:FurnitureFittings 2023-04-01 2024-03-31 5095945 bus:Director1 2023-04-01 2024-03-31 5095945 core:LandBuildings 2023-03-31 5095945 core:FurnitureFittings 2023-03-31 5095945 core:LandBuildings 2024-03-31 5095945 core:FurnitureFittings 2024-03-31 5095945 core:AfterOneYear 2024-03-31 5095945 core:AfterOneYear 2023-03-31 5095945 core:WithinOneYear 2024-03-31 5095945 core:WithinOneYear 2023-03-31 5095945 core:ShareCapital 2024-03-31 5095945 core:ShareCapital 2023-03-31 5095945 core:RevaluationReserve 2024-03-31 5095945 core:RevaluationReserve 2023-03-31 5095945 core:RetainedEarningsAccumulatedLosses 2024-03-31 5095945 core:RetainedEarningsAccumulatedLosses 2023-03-31 5095945 core:LandBuildings 2023-03-31 5095945 core:FurnitureFittings 2023-03-31 5095945 bus:Director1 2023-03-31 5095945 bus:Director1 2024-03-31 5095945 bus:Director1 2022-03-31 5095945 bus:Director1 2023-03-31 5095945 bus:Director1 2022-04-01 2023-03-31 5095945 bus:SmallEntities 2023-04-01 2024-03-31 5095945 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 5095945 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 5095945 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 5095945 bus:FullAccounts 2023-04-01 2024-03-31 5095945 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 5095945 core:OtherPropertyPlantEquipment 2023-03-31 5095945 core:OtherPropertyPlantEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 5095945
Complete Digital Design Solutions Ltd
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Complete Digital Design Solutions Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
201,666
200,469
Current assets
Debtors
5
133
1,713
Cash at bank and in hand
25,663
21,934
--------
--------
25,796
23,647
Creditors: amounts falling due within one year
6
5,705
5,487
--------
--------
Net current assets
20,091
18,160
---------
---------
Total assets less current liabilities
221,757
218,629
Creditors: amounts falling due after more than one year
7
( 130,723)
( 128,634)
Provisions
Taxation including deferred tax
317
89
---------
---------
Net assets
90,717
89,906
---------
---------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
24,762
24,762
Profit and loss account
65,855
65,044
--------
--------
Shareholders funds
90,717
89,906
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Complete Digital Design Solutions Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 2 December 2024 , and are signed on behalf of the board by:
Mr G L Williams
Director
Company registration number: 5095945
Complete Digital Design Solutions Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ty Newydd, Waunfawr, Caernarfon, Gwynedd, LL54 7BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current rates and laws.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
200,000
5,411
3,408
208,819
Additions
1,755
1,755
---------
-------
-------
---------
At 31 March 2024
200,000
7,166
3,408
210,574
---------
-------
-------
---------
Depreciation
At 1 April 2023
5,145
3,205
8,350
Charge for the year
507
51
558
---------
-------
-------
---------
At 31 March 2024
5,652
3,256
8,908
---------
-------
-------
---------
Carrying amount
At 31 March 2024
200,000
1,514
152
201,666
---------
-------
-------
---------
At 31 March 2023
200,000
266
203
200,469
---------
-------
-------
---------
Included within the above is investment property as follows:
£
---------
At 1 April 2023 and 31 March 2024
200,000
---------
The investment property was valued by the Director having compared this property to other similar properties on the market as at 31 March 2024.
5. Debtors
2024
2023
£
£
Other debtors
133
1,713
----
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
779
749
Corporation tax
256
Social security and other taxes
1,774
Other creditors
2,896
4,738
-------
-------
5,705
5,487
-------
-------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
130,723
128,634
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £130,723 (2023: £128,634) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The amount due by the company of £130,723 (2023 £128,634), is a bank loan secured against company assets.
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr G L Williams
( 3,703)
807
( 2,896)
-------
----
-------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr G L Williams
5,493
( 9,196)
( 3,703)
-------
-------
-------