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REGISTERED NUMBER: 09104037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

CT IPSWICH LIMITED

CT IPSWICH LIMITED (REGISTERED NUMBER: 09104037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CT IPSWICH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: N S Braybrooke





SECRETARY: Mrs L Braybrooke





REGISTERED OFFICE: 8 Olympus Close
Ipswich
Suffolk
IP1 5LN





REGISTERED NUMBER: 09104037 (England and Wales)





ACCOUNTANTS: Ballams
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

CT IPSWICH LIMITED (REGISTERED NUMBER: 09104037)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,538 61,125

CURRENT ASSETS
Stocks 502,993 616,345
Debtors 5 572,869 457,763
Cash at bank and in hand 281,120 308,599
1,356,982 1,382,707
CREDITORS
Amounts falling due within one year 6 528,641 557,899
NET CURRENT ASSETS 828,341 824,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

942,879

885,933

CREDITORS
Amounts falling due after more than one
year

7

(10,694

)

-

PROVISIONS FOR LIABILITIES (49,882 ) (39,664 )
NET ASSETS 882,303 846,269

CAPITAL AND RESERVES
Called up share capital 10 250,000 250,000
Retained earnings 632,303 596,269
SHAREHOLDERS' FUNDS 882,303 846,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 IPSWICH LIMITED (REGISTERED NUMBER: 09104037)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2022 and were signed by:





N S Braybrooke - Director


CT IPSWICH LIMITED (REGISTERED NUMBER: 09104037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

CT Ipswich Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net sales of goods excluding VAT and is recognised at the point at which the goods are collected by or delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - in accordance with the property lease and with consideration to useful life
Plant and machinery - at varying rates on cost and at variable rates on reducing balance
Motor vehicles - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


CT IPSWICH LIMITED (REGISTERED NUMBER: 09104037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates two defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. Contributions payable for the year are charged to the profit and loss account.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2021 - 31 ) .

CT IPSWICH LIMITED (REGISTERED NUMBER: 09104037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2021 91,337 383,107 37,601 512,045
Additions - 25,213 55,065 80,278
Disposals - (70,513 ) (28,626 ) (99,139 )
At 31 January 2022 91,337 337,807 64,040 493,184
DEPRECIATION
At 1 February 2021 91,337 332,814 26,769 450,920
Charge for year - 14,978 8,574 23,552
Eliminated on disposal - (70,133 ) (25,693 ) (95,826 )
At 31 January 2022 91,337 277,659 9,650 378,646
NET BOOK VALUE
At 31 January 2022 - 60,148 54,390 114,538
At 31 January 2021 - 50,293 10,832 61,125

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 34,000
At 31 January 2022 34,000
DEPRECIATION
Charge for year 1,450
At 31 January 2022 1,450
NET BOOK VALUE
At 31 January 2022 32,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 330,384 286,037
Amounts owed by group undertakings 64,523 -
Other debtors 177,962 171,726
572,869 457,763

CT IPSWICH LIMITED (REGISTERED NUMBER: 09104037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 5,833 -
Trade creditors 209,144 208,820
Amounts owed to group undertakings - 11,652
Taxation and social security 144,487 220,062
Other creditors 169,177 117,365
528,641 557,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 10,694 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 5,833 -
Between one and five years 10,694 -
16,527 -

Non-cancellable operating leases
2022 2021
£    £   
Within one year 267,245 280,823
Between one and five years 503,000 694,911
In more than five years 138,750 162,667
908,995 1,138,401

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 16,527 -

CT IPSWICH LIMITED (REGISTERED NUMBER: 09104037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
250,000 Ordinary £1 250,000 250,000