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REGISTERED NUMBER: 09104921 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

CDS Diesels Ltd

CDS Diesels Ltd (Registered number: 09104921)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CDS Diesels Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S A Dyer
Mrs D Dyer



REGISTERED OFFICE: c/o Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



REGISTERED NUMBER: 09104921 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: Barclays Bank plc
12 Rolle Street
Exmouth
Devon
EX8 1HD

CDS Diesels Ltd (Registered number: 09104921)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,200 19,400
Tangible assets 5 3,182 4,869
21,382 24,269

CURRENT ASSETS
Stocks 6 66,170 82,800
Debtors 7 24,348 62,592
Cash at bank and in hand 27,862 6,616
118,380 152,008
CREDITORS
Amounts falling due within one year 8 61,721 101,232
NET CURRENT ASSETS 56,659 50,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,041

75,045

PROVISIONS FOR LIABILITIES 9 604 731
NET ASSETS 77,437 74,314

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 77,435 74,312
SHAREHOLDERS' FUNDS 77,437 74,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CDS Diesels Ltd (Registered number: 09104921)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:




S A Dyer - Director



Mrs D Dyer - Director


CDS Diesels Ltd (Registered number: 09104921)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

CDS Diesels Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

CDS Diesels Ltd (Registered number: 09104921)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023 10,600
Amortisation for year 1,200
At 30 June 2024 11,800
NET BOOK VALUE
At 30 June 2024 18,200
At 30 June 2023 19,400

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 21,909 4,404 27,750 11,218 65,281
DEPRECIATION
At 1 July 2023 19,337 3,456 27,750 9,869 60,412
Charge for year 749 346 - 592 1,687
At 30 June 2024 20,086 3,802 27,750 10,461 62,099
NET BOOK VALUE
At 30 June 2024 1,823 602 - 757 3,182
At 30 June 2023 2,572 948 - 1,349 4,869

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 66,170 82,800

CDS Diesels Ltd (Registered number: 09104921)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 22,239 61,074
Prepayments 2,109 1,518
24,348 62,592

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 7,080 2,438
Tax 1,568 8,544
Social security and other taxes - 66
VAT 9,897 15,895
Directors' current accounts 41,399 72,562
Accrued expenses 1,777 1,727
61,721 101,232

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 604 731

Deferred
tax
£   
Balance at 1 July 2023 731
Provided during year (127 )
Balance at 30 June 2024 604

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary 1 2 2

11. RESERVES
Retained
earnings
£   

At 1 July 2023 74,312
Profit for the year 5,123
Dividends (2,000 )
At 30 June 2024 77,435

CDS Diesels Ltd (Registered number: 09104921)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. POST BALANCE SHEET EVENTS

There have been no events since the balance sheet date which will have a material effect on the financial statements of the company to that date.

13. ULTIMATE CONTROLLING PARTY

The controlling party is S A Dyer.

The ultimate controlling party is S A Dyer.