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REGISTERED NUMBER: 09383253 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

Current Direction Limited

Current Direction Limited (Registered number: 09383253)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Current Direction Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: J O'Connor
E Wilkins





REGISTERED OFFICE: 45 Heathway
Erith
Dartford
DA8 3LZ





REGISTERED NUMBER: 09383253 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

Current Direction Limited (Registered number: 09383253)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,730 26,990

CURRENT ASSETS
Stocks 1,975 1,750
Debtors 5 257,779 166,592
Cash at bank 150,175 228,657
409,929 396,999
CREDITORS
Amounts falling due within one year 6 155,111 146,844
NET CURRENT ASSETS 254,818 250,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,548

277,145

CREDITORS
Amounts falling due after more than one
year

7

4,167

23,634
NET ASSETS 262,381 253,511

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,281 253,411
SHAREHOLDERS' FUNDS 262,381 253,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Current Direction Limited (Registered number: 09383253)

Balance Sheet - continued
31 January 2025


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 29 April 2025 and were signed on its behalf by:




J O'Connor - Director



E Wilkins - Director


Current Direction Limited (Registered number: 09383253)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Current Direction Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Current Direction Limited (Registered number: 09383253)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

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 6 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 66,716 8,082 74,798
DEPRECIATION
At 1 February 2024 42,966 4,842 47,808
Charge for year 13,300 1,960 15,260
At 31 January 2025 56,266 6,802 63,068
NET BOOK VALUE
At 31 January 2025 10,450 1,280 11,730
At 31 January 2024 23,750 3,240 26,990

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2024
and 31 January 2025 32,300
DEPRECIATION
At 1 February 2024 24,230
Charge for year 8,070
At 31 January 2025 32,300
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 8,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 57,357 150,677
Other debtors 200,422 15,915
257,779 166,592

Current Direction Limited (Registered number: 09383253)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 4,822
Trade creditors 16,774 21,678
Taxation and social security 113,205 101,123
Other creditors 15,132 9,221
155,111 146,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 4,167 14,167
Hire purchase contracts - 9,467
4,167 23,634

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
J O'Connor
Balance outstanding at start of year - -
Amounts advanced 30,209 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,209 -

E Wilkins
Balance outstanding at start of year - -
Amounts advanced 25,359 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,359 -

9. RELATED PARTY DISCLOSURES

At the balance sheet date included withing Other Debtors is an amount of £24,513 (2024-£11,188) that represents money owed by Current Direction Renewable Energy Limited, £19,356 (2024-Nil) that represents money owed by Current Direction Fire Solutions Limited and £99,470 (2024-Nil) that represents money owed by OCW Investments Limited, companies related by common control and ownership.

Dividends are paid to the directors, Mr J O'Connor and Mr E Wilkins by virtue of their shareholding in the company.