CDST Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

CDST Ltd

(Registration number: 10408318)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	138,098	75,496
Current assets
Stocks		976	1,018
Debtors	5	138,735	97,188
Cash at bank and in hand		2,810	3,857
		142,521	102,063
Creditors: Amounts falling due within one year	6	(211,119)	(206,377)
Net current liabilities		(68,598)	(104,314)
Total assets less current liabilities		69,500	(28,818)
Creditors: Amounts falling due after more than one year	6	-	(9,226)
Provisions for liabilities		(10,652)	-
Net assets/(liabilities)		58,848	(38,044)
Capital and reserves
Called up share capital		1	1
Profit and loss account		58,847	(38,045)
Shareholders' funds/(deficit)		58,848	(38,044)

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 23 December 2025
 

Mr M D Oldershaw Director

CDST Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11-12 Belvedere Trading Estate
Taunton
Somerset
TA1 1BH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

CDST Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold Improvements	Straight line 10 & 15 years
Fixture & Fittings	Reducing balance 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

CDST Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2024 - 17).

CDST Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	83,495	41,024	124,519
Additions	34,665	58,150	92,815
Disposals	-	(4,071)	(4,071)
At 31 March 2025	118,160	95,103	213,263
Depreciation
At 1 April 2024	25,467	23,556	49,023
Charge for the year	10,659	18,687	29,346
Eliminated on disposal	-	(3,204)	(3,204)
At 31 March 2025	36,126	39,039	75,165
Carrying amount
At 31 March 2025	82,034	56,064	138,098
At 31 March 2024	58,028	17,468	75,496

CDST Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Debtors

	2025 £	2024 £
Trade debtors	127,204	76,909
Other debtors	1,159	-
Prepayments	5,671	20,279
Accrued income	4,701	-
	138,735	97,188

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	8,070	10,000
Trade creditors	48,868	40,810
Amounts owed to group undertakings and undertakings in which the company has a participating interest	84,372	105,909
Taxation and social security	34,877	15,461
Accruals and deferred income	30,362	31,529
Other creditors	4,570	2,668
	211,119	206,377

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	-	9,226

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

CDST Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Parent and ultimate parent undertaking

The company's immediate parent is Compass Disability Services, incorporated in England and Wales.

The parent of the largest group in which these financial statements are consolidated is Compass Disability Trust.

The registered address of Compass Disability Trust is Unit 11-12 Belvedere Trading Estate, Taunton, Somerset, TA1 1BH