Company Registration No. 10899813 (England and Wales)
CKDSHOP UK LTD
Unaudited accounts
for the year ended 31 August 2024
CKDSHOP UK LTD
Statement of financial position
as at 31 August 2024
Tangible assets
455,797
477,591
Inventories
389,371
411,771
Cash at bank and in hand
25,899
6,429
Creditors: amounts falling due within one year
(71,977)
(83,922)
Net current assets
473,024
521,832
Total assets less current liabilities
928,821
1,000,687
Creditors: amounts falling due after more than one year
(843,541)
(925,956)
Provisions for liabilities
Deferred tax
(11,644)
(15,786)
Called up share capital
100
100
Profit and loss account
73,536
58,845
Shareholders' funds
73,636
58,945
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by
Alexander Massey
Director
Company Registration No. 10899813
CKDSHOP UK LTD
Notes to the Accounts
for the year ended 31 August 2024
CKDSHOP UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10899813. The registered office is Unit 8 Maricott Court, Holywell Business Park, Southam, CV47 0FT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% of cost
Computer equipment
33% of cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
CKDSHOP UK LTD
Notes to the Accounts
for the year ended 31 August 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2023
410,948
154,496
53,144
19,465
6,721
644,774
At 31 August 2024
410,948
154,496
53,144
19,465
6,721
644,774
At 1 September 2023
16,438
104,391
22,491
19,464
4,399
167,183
Charge for the year
-
12,526
7,663
-
1,605
21,794
At 31 August 2024
16,438
116,917
30,154
19,464
6,004
188,977
At 31 August 2024
394,510
37,579
22,990
1
717
455,797
At 31 August 2023
394,510
50,105
30,653
1
2,322
477,591
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
10,673
14,231
- Motor vehicles
20,842
27,790
CKDSHOP UK LTD
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
10,845
67,671
Accrued income and prepayments
1,600
1,600
Other debtors
117,286
112,518
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,087
16,933
Obligations under finance leases and hire purchase contracts
5,848
19,573
Trade creditors
34,158
43,811
Other creditors
10,000
1,401
Loans from directors
466
704
Bank loans of £13,361 are secured against the freehold property.
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
217,128
237,636
Obligations under finance leases and hire purchase contracts
3,297
9,086
Other creditors
50,000
50,000
Loans from directors
573,116
629,234
Bank loans of £190,278 are secured against the freehold property.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).