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REGISTERED NUMBER: 09330401 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2021

for

CT COMMERCIAL FINANCE LTD

CT COMMERCIAL FINANCE LTD (Registered number: 09330401)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CT COMMERCIAL FINANCE LTD

Company Information
for the Year Ended 30 November 2021







DIRECTORS: C Teasdale
Mrs L Teasdale





SECRETARY: C Teasdale





REGISTERED OFFICE: 37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 09330401 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

CT COMMERCIAL FINANCE LTD (Registered number: 09330401)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,131 2,125
Investments 6 6,160 6,160
7,292 8,286

CURRENT ASSETS
Debtors 7 607 1,028
Cash at bank 101,401 93,057
102,008 94,085
CREDITORS
Amounts falling due within one year 8 15,749 14,993
NET CURRENT ASSETS 86,259 79,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,551

87,378

CREDITORS
Amounts falling due after more than one
year

9

-

15,000
NET ASSETS 93,551 72,378

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,451 72,278
SHAREHOLDERS' FUNDS 93,551 72,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

CT COMMERCIAL FINANCE LTD (Registered number: 09330401)

Balance Sheet - continued
30 November 2021


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by:





C Teasdale - Director


CT COMMERCIAL FINANCE LTD (Registered number: 09330401)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

CT COMMERCIAL FINANCE LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

CT COMMERCIAL FINANCE LTD (Registered number: 09330401)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 10,000
AMORTISATION
At 1 December 2020
and 30 November 2021 9,999
NET BOOK VALUE
At 30 November 2021 1
At 30 November 2020 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020
and 30 November 2021 5,005
DEPRECIATION
At 1 December 2020 2,880
Charge for year 994
At 30 November 2021 3,874
NET BOOK VALUE
At 30 November 2021 1,131
At 30 November 2020 2,125

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.11.21 30.11.20
£    £   
Investment 6,160 6,160

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors - 561
Other debtors 607 467
607 1,028

CT COMMERCIAL FINANCE LTD (Registered number: 09330401)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Taxation and social security 13,644 12,983
Other creditors 2,105 2,010
15,749 14,993

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bank loans - 15,000