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REGISTERED NUMBER: SC709137 (Scotland)















Financial Statements For The Year Ended 31 August 2024

for

CS Direct Ltd

CS Direct Ltd (Registered number: SC709137)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


CS Direct Ltd

Company Information
For The Year Ended 31 August 2024







DIRECTOR: C J McLean





REGISTERED OFFICE: Suite 2/3
2nd Floor 48 West George Street
Glasgow
G2 1BP





REGISTERED NUMBER: SC709137 (Scotland)






CS Direct Ltd (Registered number: SC709137)

Abridged Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 887 1,313
Tangible assets 5 25,115 18,399
26,002 19,712

CURRENT ASSETS
Debtors 6,593 -
Cash at bank 2,790 2,037
9,383 2,037
CREDITORS
Amounts falling due within one year 34,181 43,873
NET CURRENT LIABILITIES (24,798 ) (41,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204

(22,124

)

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,194 (22,134 )
1,204 (22,124 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CS Direct Ltd (Registered number: SC709137)

Abridged Statement of Financial Position - continued
31 August 2024


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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





C J McLean - Director


CS Direct Ltd (Registered number: SC709137)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

CS Direct Ltd is a private company, limited by shares , registered in Scotland. 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

Going concern
At the time of approving the financial statements, the director has pledged their continued support for the company and there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director continues to adopt the going concern basis of accounting in preparing the financial statements.

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 2022, is being amortised evenly over its estimated useful life of 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.
Fixed plant and equipment - 20% on cost
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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 statement of financial position date.


CS Direct Ltd (Registered number: SC709137)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 2,130
AMORTISATION
At 1 September 2023 817
Amortisation for year 426
At 31 August 2024 1,243
NET BOOK VALUE

At 31 August 2024 887
At 31 August 2023 1,313

CS Direct Ltd (Registered number: SC709137)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 23,855
Additions 12,752
Disposals (1,050 )
At 31 August 2024 35,557
DEPRECIATION
At 1 September 2023 5,456
Charge for year 5,529
Eliminated on disposal (543 )
At 31 August 2024 10,442
NET BOOK VALUE
At 31 August 2024 25,115
At 31 August 2023 18,399