CDM DUCTWORK LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04042337

CDM DUCTWORK LIMITED

Filleted Financial Statements

31 March 2025

CDM DUCTWORK LIMITED

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

CDM DUCTWORK LIMITED

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	129,619	133,679

Current assets

Stocks		229,343	204,497
Debtors	6	739,065	577,173
Cash at bank and in hand		51,245	60,659
		------------	---------
		1,019,653	842,329

Creditors: amounts falling due within one year	7	513,241	412,892
		------------	---------
Net current assets		506,412	429,437
		---------	---------
Total assets less current liabilities		636,031	563,116

Provisions	10,671	11,765
	---------	---------
Net assets	625,360	551,351
	---------	---------

Capital and reserves

Called up share capital	128,077	128,077
Profit and loss account	497,283	423,274
	---------	---------
Shareholders funds	625,360	551,351
	---------	---------

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 income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 11 August 2025 , and are signed on behalf of the board by:

Mr D J Bell

Director

Company registration number: 04042337

CDM DUCTWORK LIMITED

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Staverton Technonolgy Park, Herrick Way, Staverton, Cheltenham, GL51 6TQ, England.

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.

Long term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value, and costs are released to profit and loss based also on the percentage complete and total expected costs for that contract. Revenues derived from variations on contracts are recognised only when there is reasonable certainty they will be paid. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Vaule Added Taxation and trade discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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:

Plant & machinery	-	10% straight line
Fixtures & fittings	-	10% straight line
Motor Vehicles	-	25% straight line
Equipment	-	33 % straight line

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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 20 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	66,469	21,947	182,068	86,380	356,864
Additions	–	–	51,995	912	52,907
Disposals	–	–	( 28,510)	–	( 28,510)
	--------	--------	---------	--------	---------
At 31 March 2025	66,469	21,947	205,553	87,292	381,261
	--------	--------	---------	--------	---------
Depreciation
At 1 April 2024	22,735	21,651	94,009	84,790	223,185
Charge for the year	6,411	119	48,543	1,894	56,967
Disposals	–	–	( 28,510)	–	( 28,510)
	--------	--------	---------	--------	---------
At 31 March 2025	29,146	21,770	114,042	86,684	251,642
	--------	--------	---------	--------	---------
Carrying amount
At 31 March 2025	37,323	177	91,511	608	129,619
	--------	--------	---------	--------	---------
At 31 March 2024	43,734	296	88,059	1,590	133,679
	--------	--------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	648,422	521,866
Amounts owed by group undertakings and undertakings in which the company has a participating interest	48,232	–
Other debtors	42,411	55,307
	---------	---------
	739,065	577,173
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	145,068	137,693
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	65,859
Corporation tax	96,523	90,996
Social security and other taxes	23,651	21,481
Other creditors	12,744	11,852
Other creditors	235,255	85,011
	---------	---------
	513,241	412,892
	---------	---------

8. Summary audit opinion

The auditor's report dated 11 August 2025 was unqualified .

The senior statutory auditor was James Harper , for and on behalf of Harper Sheldon Limited .

9. Related party transactions

As at the year end, the company was owed by members of its group £48,232 (2024: owed group members £65,859). These loans are interest free with no fixed repayment terms. All other material transactions with related parties during the year were concluded under normal market conditions, with recharged expenses between group members being at cost.

10. Controlling party

The company's immediate parent undertaking is D.I.S Limited, a company registered in England and Wales. The registered office of the parent company is: Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, Gloucestershire, GL51 6TQ. The immediate parent entity prepares publicly available consolidated financial statements in which the company is included. A copy of the group's consolidated financial statements can be obtained from Companies House, Cardiff.