C K L Developments Limited,Ltd - AccountsLtd - Accounts

C K L Developments Limited,Ltd - AccountsLtd - Accounts

C K L DEVELOPMENTS LIMITED - Company Information

Print Friendly Version

2022-01-01 03599678 2022-12-31 03599678 2022-01-01 2022-12-31 03599678 2021-12-31 03599678 2021-01-01 2021-12-31 03599678 uk-core:WithinOneYear 2021-12-31 03599678 uk-core:WithinOneYear 2022-12-31 03599678 uk-core:AfterOneYear 2021-12-31 03599678 uk-core:AfterOneYear 2022-12-31 03599678 uk-core:ShareCapital 2022-12-31 03599678 uk-core:ShareCapital 2021-12-31 03599678 uk-core:SharePremium 2022-12-31 03599678 uk-core:SharePremium 2021-12-31 03599678 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03599678 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 03599678 uk-bus:Director1 2022-01-01 2022-12-31 03599678 uk-core:Buildings 2022-01-01 2022-12-31 03599678 uk-core:OtherVehicles 2022-01-01 2022-12-31 03599678 uk-core:MotorCars 2022-01-01 2022-12-31 03599678 uk-core:FurnitureFittings 2022-01-01 2022-12-31 03599678 uk-core:FurnitureFittings 2021-12-31 03599678 uk-core:MotorCars 2021-12-31 03599678 uk-core:OtherVehicles 2021-12-31 03599678 uk-core:Buildings 2021-12-31 03599678 uk-core:OtherVehicles 2022-12-31 03599678 uk-core:MotorCars 2022-12-31 03599678 uk-core:FurnitureFittings 2022-12-31 03599678 uk-core:Buildings 2022-12-31 iso4217:GBP xbrli:pure 03599678 uk-bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 03599678 uk-bus:FRS102 2022-01-01 2022-12-31 03599678 uk-bus:FullAccounts 2022-01-01 2022-12-31 03599678 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
C K L Developments Limited
Registered Number:03599678
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
C K L Developments Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03599678
As at 31 December 2022
C K L Developments Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
70,330
81,989
2
70,330
81,989
Current assets
Inventories
646,405
758,615
3
Trade and other receivables
352,526
296,531
4
19,010
Cash and cash equivalents
17,245
1,072,391
1,017,941
Trade and other payables: amounts falling due within one
year
(1,238,988)
(1,567,478)
5
(221,047)
(495,087)
Net current liabilities
Total assets less current liabilities
(424,757)
(139,058)
Trade and other payables: amounts falling due after more
than one year
(880,000)
(181,799)
6
(606,556)
Net liabilities
(1,019,058)
Capital and reserves
Called up share capital
118,000
118,000
Share premium account
517,000
517,000
Retained earnings
(1,241,556)
(1,654,058)
(606,556)
(1,019,058)
Shareholders' funds
For the year ended 31 December 2022 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 of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
T S Mason Director
These financial statements were approved and authorised for issue by the Board on 31 March 2023 and were signed by:
1 of 5
4
Registered Number :
03599678
For the year ended 31 December 2022
C K L Developments Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 December 2022
C K L Developments Limited
Notes to the Financial Statements
Statutory Information
C K L Developments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03599678.
Registered address:
Woodcote
Marley Lane Business Park
Battle
East Sussex
TN33 0RE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
At varying rates on cost
Truck & transporter
10% per annum on cost
20% Reducing balance
Motor vehicles
At varying rates on cost
Plant & machinery
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
6
For the year ended 31 December 2022
C K L Developments Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant &
machinery
Motor vehicles
Truck &
transporter
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2022
567,022
364,288
46,309
102,824
53,601
20,231
14,797
-
-
5,434
Additions
-
(11,980)
-
-
Disposals
(11,980)
At 31 December 2022
102,824
34,329
379,085
575,273
59,035
Provision for depreciation and impairment
At 01 January 2022
485,033
298,912
33,531
102,824
49,766
Charge for year
31,886
33,637
2,780
-
(4,531)
(11,976)
-
(11,976)
-
-
On disposal
At 31 December 2022
504,943
332,549
24,335
102,824
45,235
At 31 December 2022
Net book value
13,800
-
9,994
46,536
70,330
At 31 December 2021
3,835
-
12,778
65,376
81,989
3. Inventories
2021
2022
£
£
Stocks
758,615
646,405
4. Trade and other receivables
2021
2022
£
£
Trade debtors
212,776
277,115
Other debtors
83,755
75,411
352,526
296,531
4 of 5
7
For the year ended 31 December 2022
C K L Developments Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
1,282,694
1,125,749
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
-
32,849
Taxation and social security
144,360
59,049
Other creditors
140,424
21,341
1,567,478
1,238,988
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
181,799
880,000
7. Related party transactions
Zapa Consulting AG, a company controlled by S Ziegler
Administration expenses include rent of £189,475 (2021 £135,100), legal & professional of £3,119 (2021 £669), and
interest of £48,000 (2021 £48,000)
Creditors include £874,983 (2021 £1,080,367) owed to Zapa Consulting AG, and £380,000 owed to S Ziegler.
Turnover includes £87,771 (2020 £224,656) of work done for S Ziegler, £21,681 (2021 £25,294) for C L Keith-Lucas,
£25,189 (2021 £54,911) for J Fraser, £150 (2021: £7,250) for M Hews, and £nil (2021 £20,000) for Zapa Consulting
AG.
Debtors include £nil (2021 £22,394) owed by S Ziegler.
8. Average number of persons employed
During the year the average number of employees was 16 (2021 : 19)
5 of 5