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Company Registration No. 09639441 (England and Wales)
CDSMART LTD Unaudited accounts for the year ended 30 June 2025
CDSMART LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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CDSMART LTD Company Information for the year ended 30 June 2025
Director
Sunil Hemantkumar Patel
Company Number
09639441 (England and Wales)
Registered Office
1 Clive House Clive Street Bolton BL1 1ET
Accountants
Olaando Consulting Ltd 7 Bell Yard London WC2A 2JR
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CDSMART LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,000
11,075
Current assets
Debtors
5
9,629
-
Cash at bank and in hand
66,838
22,207
76,467
22,207
Creditors: amounts falling due within one year
6
(55,726)
(12,585)
Net current assets
20,741
9,622
Net assets
25,741
20,697
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
25,739
20,695
Shareholders' funds
25,741
20,697
For the year ending 30 June 2025 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 director acknowledges his 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 and authorised for issue on 15 October 2025 and were signed on its behalf by
Sunil Hemantkumar Patel Director Company Registration No. 09639441
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CDSMART LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
CDSMART LTD is a private company, limited by shares, registered in England and Wales, registration number 09639441. The registered office is 1 Clive House, Clive Street, Bolton, BL1 1ET .
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Research and development
During the year ended 30 June 2025 the company received Research & Development (R&D) tax credits amounting to £19,553. This relates to claims for the financial year ended 30 June 2023. The claim was finalised and the corporation tax return for the respective year was amended accordingly. The credit was not previously recognised due to uncertainty at the time. As a result, the comparative figures have been restated and opening reserves adjusted accordingly.
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:
Motor vehicles
25% Straight line
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CDSMART LTD Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 July 2024
24,300
At 30 June 2025
24,300
Depreciation
At 1 July 2024
13,225
Charge for the year
6,075
At 30 June 2025
19,300
Net book value
At 30 June 2025
5,000
At 30 June 2024
11,075
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
9,629
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
58,273
9,017
Taxes and social security
21,593
3,176
Other creditors
-
39,667
Loans from directors
(25,000)
(40,000)
Accruals
860
725
55,726
12,585
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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