1 November 2024 v2025.82.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC3671252024-11-012025-10-31SC3671252025-10-31SC3671252024-10-31SC367125core:WithinOneYear2025-10-31SC367125core:WithinOneYear2024-10-31SC367125core:AfterOneYear2025-10-31SC367125core:AfterOneYear2024-10-31SC367125core:ShareCapital2025-10-31SC367125core:ShareCapital2024-10-31SC367125core:RetainedEarningsAccumulatedLosses2025-10-31SC367125core:RetainedEarningsAccumulatedLosses2024-10-31SC367125bus:Director12024-11-012025-10-31SC367125bus:Director22024-11-012025-10-31SC367125bus:RegisteredOffice2024-11-012025-10-31SC367125core:FurnitureFittings2024-11-012025-10-31SC367125core:PlantMachinery2024-11-012025-10-31SC367125core:LandBuildings2024-11-012025-10-31SC367125core:MotorVehicles2024-11-012025-10-31SC3671252023-11-012024-10-31SC367125core:LandBuildings2024-11-01SC367125core:PlantMachinery2024-11-01SC3671252024-11-01SC367125core:LandBuildings2025-10-31SC367125core:PlantMachinery2025-10-31SC367125core:LandBuildings2024-10-31SC367125core:PlantMachinery2024-10-31SC367125core:CostValuation2024-11-01SC367125core:CostValuation2025-10-31SC367125core:ProvisionsForImpairmentInvestments2024-11-01SC367125core:ImpairmentLossProvisionsForImpairmentInvestments2025-10-31SC367125core:ProvisionsForImpairmentInvestments2025-10-31SC36712512024-11-012025-10-31SC367125countries:Scotland2024-11-012025-10-31SC367125bus:AuditExemptWithAccountantsReport2024-11-012025-10-31SC367125bus:PrivateLimitedCompanyLtd2024-11-012025-10-31SC367125bus:SmallEntities2024-11-012025-10-31SC367125bus:FullAccounts2024-11-012025-10-31
Company registration number:
SC367125
CDS Forwarding Ltd
Unaudited Filleted Financial Statements for the year ended
31 October 2025
Fairclough Accountancy Services Limited
53 HIGH STREET, LAURENCEKIRK, KINCARDINESHIRE, AB30 1BH, United Kingdom
CDS Forwarding Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of CDS Forwarding Ltd
Year ended
31 October 2025
As described on the statement of financial position, the Board of Directors of
CDS Forwarding Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 October 2025
, which comprise the income statement, statement of financial position, statement of changes in equity and 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 unaudited
financial statements
in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the financial statements on behalf of the company's Board of Directors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not therefore express an opinion on the financial statements.
Fairclough Accountancy Services Limited
53 HIGH STREET
LAURENCEKIRK
KINCARDINESHIRE
AB30 1BH
United Kingdom
Date:
28 November 2025
CDS Forwarding Ltd
Statement of Financial Position
31 October 2025
20252024
Note££
Fixed assets    
Tangible assets 5
534,219
 
543,577
 
Investments 6
525
 
980
 
534,744
 
544,557
 
Current assets    
Debtors 7
31,116
 
628,209
 
Cash at bank and in hand
424,889
 
555,314
 
456,005
 
1,183,523
 
Creditors: amounts falling due within one year 8
(35,877
 )
(706,006
 )
Net current assets
420,128
 
477,517
 
Total assets less current liabilities 954,872   1,022,074  
Creditors: amounts falling due after more than one year 9
(86,872
 )
(100,371
 )
Provisions for liabilities
(531
 )
(531
 )
Net assets
867,469
 
921,172
 
Capital and reserves    
Called up share capital
158
 
158
 
Profit and loss account
867,311
 
921,014
 
Shareholders funds
867,469
 
921,172
 
For the year ending
31 October 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
28 November 2025
, and are signed on behalf of the board by:
Mr Douglas Strachan
Mrs Fiona Strachan
DirectorDirector
Company registration number:
SC367125
CDS Forwarding Ltd
Notes to the Financial Statements
Year ended
31 October 2025

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
53 High Street
,
Laurencekirk
,
Aberdeenshire
,
AB30 1BH
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertaintyThe directors estimated the fair value of the company's heritable property basing their estimate of published sale prices achieved for properties of a similar nature and location to the company's own property.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods or services supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods or services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or fulfilment of the services; 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.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
15% writing down basis
Plant and machinery
25% writing down basis
Land and buildings
2% of cost less residual value
Motor vehicles
8% straight line

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

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.

Finance leases and hire purchase contracts

Assets held under finance leases 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

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

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 in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

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.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
4.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost or valuation      
At
1 November 2024
415,636
 
145,240
 
560,876
 
Revaluations
2,000
  -  
2,000
 
At
31 October 2025
417,636
 
145,240
 
562,876
 
Depreciation      
At
1 November 2024
 -  
17,299
 
17,299
 
Charge -  
11,358
 
11,358
 
At
31 October 2025
 -  
28,657
 
28,657
 
Carrying amount      
At
31 October 2025
417,636
 
116,583
 
534,219
 
At 31 October 2024
415,636
 
127,941
 
543,577
 

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildingsLand and buildings
20252024
££
Aggregate historical cost 453,673   453,673  
Carrying amount 453,673   453,673  

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2025
£
Carrying value at
1 November 2024
and
31 October 2025
415,636
 
Heritable property is valued by the directors who based their valuation on the estimated values provided by property marketing websites YOPA and ZOOPLA.

6 Investments

Other investments other than loans
£
Cost  
At
1 November 2024
10,000
 
At
31 October 2025
10,000
 
Impairment  
At
1 November 2024
9,020
 
Impairment losses
455
 
At
31 October 2025
9,475
 
Carrying amount  
At
31 October 2025
525
 
At 31 October 2024
980
 

Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
20252024
Other investmentsOther investments
££
Aggregate historical cost 10,000   10,000  
Aggregate impairment loss (9,475 ) (9,020 )
Carrying amount 525   980  

7 Debtors

20252024
££
Trade debtors
2,883
 
564,416
 
Other debtors
28,233
 
63,793
 
31,116
 
628,209
 

8 Creditors: amounts falling due within one year

20252024
££
Trade creditors
1,998
 
558,940
 
Taxation and social security
282
 
78,913
 
Other creditors
33,597
 
68,153
 
35,877
 
706,006
 

9 Creditors: amounts falling due after more than one year

20252024
££
Other creditors
86,872
 
100,371
 

10 Operating leases

The company as lessee    
20252024
££
Not later than 1 year
10,672
 
10,672
 

11 Directors' advances, credit and guarantees

The directors received payments from the company that totalled £14,724 (2024 £27,277) and repaid £1,000 (2024 £29,997) to the company in the year under review.