| CFD DIRECT LIMITED |
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| Balance Sheet |
| As at 31 March 2026 |
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2026 |
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2025 |
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Note |
£ |
£ |
£ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
5,728 |
|
|
11,460 |
|
| Current assets |
| Debtors |
4 |
66,737 |
|
|
100,175 |
| Cash at bank and in hand |
627,276 |
|
|
524,123 |
|
|
|
|
|
|
|
|
|
|
694,013 |
|
|
624,298 |
| Creditors - amounts falling due within one year |
5 |
(519,446) |
|
|
(445,158) |
|
|
|
|
|
|
|
|
| Net current assets |
|
|
|
174,567 |
|
|
179,140 |
|
|
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
180,295 |
|
|
190,600 |
|
| Provision for liabilities |
(3,286) |
|
|
(2,865) |
|
| Net assets |
|
|
|
177,009 |
|
|
187,735 |
|
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
3 |
| Capital redemption reserve |
1 |
|
|
1 |
| Profit and loss account |
177,005 |
|
|
187,731 |
|
| Shareholders' funds |
177,009 |
|
|
187,735 |
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|
|
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| The directors are satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit of its accounts in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Register of Companies. |
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| Approved by the board on 30 September 2026 and signed on its behalf by: |
| C J Greenshields |
| Director |
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| The notes on pages 2 to 4 form an integral part of these accounts |
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| Page 1 |
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| CFD DIRECT LIMITED |
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| Notes to the Financial Statements |
| For the financial year ended 31 March 2026 |
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| 1. |
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Accounting policies |
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(a) |
Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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(b) |
Revenue recognition |
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Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue 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. |
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(c) |
Tangible fixed assets and depreciation |
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: |
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Plant and machinery etc |
20% to 33.3% straight line |
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(d) |
Taxation |
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Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
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(e) |
Pension costs |
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Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
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(f) |
Foreign currency translation |
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account. |
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| Page 2 |
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| CFD DIRECT LIMITED |
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| Notes to the Financial Statements |
| For the financial year ended 31 March 2026 |
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| 5. |
|
Creditors - amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
|
Trade creditors |
1,791 |
|
1,028 |
|
|
Taxation and social security costs |
81,042 |
|
76,123 |
|
|
Accruals and deferred income |
436,510 |
|
368,007 |
|
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Other creditors |
103 |
|
- |
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|
|
|
|
|
|
|
|
|
519,446 |
|
445,158 |
|
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|
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| 6. |
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Pension commitments |
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The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £97,680 (2025 - £92,400). |
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| 7. |
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Statutory information |
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The company is a private company limited by shares and incorporated in England. Its registered office is: |
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9 Albert Road |
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Caversham |
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Reading |
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Berkshire |
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RG4 7AN |
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| Page 4 |