Cardiff Ductwork Limited Company accounts

COMPANY REGISTRATION NUMBER: 08249998

Cardiff Ductwork Limited

Unaudited Financial Statements

27 September 2024

Cardiff Ductwork Limited

Financial Statements

Period from 1 October 2023 to 27 September 2024

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

The following pages do not form part of the financial statements

Accountants and business advisors report to the director on the preparation of the unaudited statutory financial statements	10

Cardiff Ductwork Limited

Director's Report

Period from 1 October 2023 to 27 September 2024

The director presents his report and the unaudited financial statements of the company for the period ended 27 September 2024 .

Director

The director who served the company during the period was as follows:

Mr A J Mansi

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 24 September 2025 and signed on behalf of the board by:

Mr A J Mansi
Director

Registered office:

Unit 2

Wimborne Buildings

Barry Dock

Barry

CF63 3RA

Cardiff Ductwork Limited

Statement of Income and Retained Earnings

Period from 1 October 2023 to 27 September 2024

	Period from
	1 Oct 23 to	Year to
	27 Sep 24	30 Sep 23
Note	£	£
Turnover	1,212,231	1,327,917

Cost of sales	608,845	649,576
	------------	------------
Gross profit	603,386	678,341

Administrative expenses	585,286	719,114
	---------	---------
Operating profit/(loss)	18,100	( 40,773)

Interest payable and similar expenses		11,559	8,315
		---------	---------
Profit/(loss) before taxation	5	6,541	( 49,088)

Tax on profit/(loss)	638	( 3,765)
	-------	--------
Profit/(loss) for the financial period and total comprehensive income	5,903	( 45,323)
	-------	--------

Dividends paid and payable	( 70,000)	( 9,000)

Retained earnings at the start of the period	142,424	196,747
	---------	---------
Retained earnings at the end of the period	78,327	142,424
	---------	---------

All the activities of the company are from continuing operations.

Cardiff Ductwork Limited

Statement of Financial Position

27 September 2024

	27 Sep 24		30 Sep 23
Note	£	£	£

Fixed assets

Tangible assets	6		141,825	138,642

Current assets

Debtors	7	525,403		559,716

Creditors: amounts falling due within one year	8	475,129		440,922
		---------		---------
Net current assets			50,274	118,794
			---------	---------
Total assets less current liabilities			192,099	257,436

Creditors: amounts falling due after more than one year	9	113,768	115,008
		---------	---------
Net assets		78,331	142,428
		---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	78,327	142,424
	--------	---------
Shareholders funds	78,331	142,428
	--------	---------

These financial statements have been prepared 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'.

For the period ending 27 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act 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 24 September 2025 , and are signed on behalf of the board by:

Mr A J Mansi
Director

Company registration number: 08249998

Cardiff Ductwork Limited

Notes to the Financial Statements

Period from 1 October 2023 to 27 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, Wimborne Buildings, Barry Dock, Barry, CF63 3RA.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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:

Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 11 (2023: 10 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	Period from
	1 Oct 23 to	Year to
	27 Sep 24	30 Sep 23
	£	£
Depreciation of tangible assets	47,275	46,221
	--------	--------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 October 2023	182,604	106,234	288,838
Additions	41,763	8,695	50,458
	---------	---------	---------
At 27 September 2024	224,367	114,929	339,296
	---------	---------	---------
Depreciation
At 1 October 2023	110,093	40,103	150,196
Charge for the period	28,569	18,706	47,275
	---------	---------	---------
At 27 September 2024	138,662	58,809	197,471
	---------	---------	---------
Carrying amount
At 27 September 2024	85,705	56,120	141,825
	---------	---------	---------
At 30 September 2023	72,511	66,131	138,642
	---------	---------	---------

7. Debtors

	27 Sep 24	30 Sep 23
	£	£
Trade debtors	394,167	412,440
Other debtors	131,236	147,276
	---------	---------
	525,403	559,716
	---------	---------

8. Creditors: amounts falling due within one year

	27 Sep 24	30 Sep 23
	£	£
Bank loans and overdrafts	120,243	95,019
Trade creditors	253,197	224,382
Social security and other taxes	75,114	75,305
Other creditors	26,575	46,216
	---------	---------
	475,129	440,922
	---------	---------

9. Creditors: amounts falling due after more than one year

	27 Sep 24	30 Sep 23
	£	£
Bank loans and overdrafts	6,858	17,518
Other creditors	106,910	97,490
	---------	---------
	113,768	115,008
	---------	---------

10. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	27 Sep 24
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A J Mansi	( 18)	18	–
	----	----	----

	30 Sep 23
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A J Mansi	( 1,018)	1,000	( 18)
	-------	-------	----

11. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.

Cardiff Ductwork Limited

Management Information

Period from 1 October 2023 to 27 September 2024

The following pages do not form part of the financial statements.

Cardiff Ductwork Limited

Accountants and Business Advisors Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Cardiff Ductwork Limited

Period from 1 October 2023 to 27 September 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 27 September 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

FOOKS & CO Accountants and Business Advisors

14 High Street Bargoed Caerphilly CF81 8RA