Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falsefalseprovision of maintenance and installation works in the fire protection industry.22true 09423780 2022-04-01 2023-03-31 09423780 2021-04-01 2022-03-31 09423780 2023-03-31 09423780 2022-03-31 09423780 2021-04-01 09423780 c:Director1 2022-04-01 2023-03-31 09423780 d:PlantMachinery 2022-04-01 2023-03-31 09423780 d:PlantMachinery 2023-03-31 09423780 d:PlantMachinery 2022-03-31 09423780 d:MotorVehicles 2022-04-01 2023-03-31 09423780 d:MotorVehicles 2023-03-31 09423780 d:MotorVehicles 2022-03-31 09423780 d:OfficeEquipment 2022-04-01 2023-03-31 09423780 d:OfficeEquipment 2023-03-31 09423780 d:OfficeEquipment 2022-03-31 09423780 d:CurrentFinancialInstruments 2023-03-31 09423780 d:CurrentFinancialInstruments 2022-03-31 09423780 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09423780 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09423780 d:ShareCapital 2023-03-31 09423780 d:ShareCapital 2022-03-31 09423780 d:RetainedEarningsAccumulatedLosses 2023-03-31 09423780 d:RetainedEarningsAccumulatedLosses 2022-03-31 09423780 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09423780 c:OrdinaryShareClass1 2023-03-31 09423780 c:FRS102 2022-04-01 2023-03-31 09423780 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09423780 c:FullAccounts 2022-04-01 2023-03-31 09423780 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09423780 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09423780 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 09423780 2 2022-04-01 2023-03-31 09423780 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09423780 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09423780 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 09423780 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 09423780 d:LeasedAssetsHeldAsLessee 2023-03-31 09423780 d:LeasedAssetsHeldAsLessee 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09423780









CTS FIRE CONTROL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CTS FIRE CONTROL LIMITED
REGISTERED NUMBER: 09423780

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
14,294.00

Current assets
  

Debtors: amounts falling due within one year
 5 
36,000.00
23,203.00

Cash at bank and in hand
 6 
7,697.00
11,492.00

  
43,697.00
34,695.00

Creditors: amounts falling due within one year
 7 
(43,476.00)
(17,483.62)

Net current assets
  
 
 
221.00
 
 
17,211.38

Total assets less current liabilities
  
221.00
31,505.38

Provisions for liabilities
  

Deferred tax
  
-
(2,716.00)

Net assets
  
221.00
28,789.38


Capital and reserves
  

Called up share capital 
 10 
100.00
100.00

Profit and loss account
  
121.00
28,689.38

  
221.00
28,789.38


Page 1

 
CTS FIRE CONTROL LIMITED
REGISTERED NUMBER: 09423780
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2023.




S F Verga
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CTS FIRE CONTROL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

CTS Fire Control Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House Claire Causeway, Crossways Business Park, Dartford, Kent, United Kingdom, DA2 6QA. 
The principal activity of the company continues to be that of a provision of maintenance and installation works in the fire protection industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
CTS FIRE CONTROL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on following bases;


Plant & machinery
-
25% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
15% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
CTS FIRE CONTROL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
CTS FIRE CONTROL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£





At 1 April 2022
16,091.00
30,738.00
4,480.00
51,309.00


Additions
-
9,505.00
-
9,505.00


Disposals
(16,091.00)
(40,243.00)
(4,480.00)
(60,814.00)



At 31 March 2023

-
-
-
-





At 1 April 2022
15,866.00
19,121.00
2,028.00
37,015.00


Disposals
(15,866.00)
(19,121.00)
(2,028.00)
(37,015.00)



At 31 March 2023

-
-
-
-



Net book value



At 31 March 2023
-
-
-
-



At 31 March 2022
225.00
11,617.00
2,452.00
14,294.00

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
-
11,617.00

-
11,617.00

Page 6

 
CTS FIRE CONTROL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
21,000.00
-

Other debtors
15,000.00
23,203.00

36,000.00
23,203.00



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,697.00
11,492.00

7,697.00
11,492.00



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
3,107.00
9,759.62

Other taxation and social security
3,766.00
-

Obligations under finance lease and hire purchase contracts
-
3,259.00

Other creditors
34,103.00
740.00

Accruals
2,500.00
3,725.00

43,476.00
17,483.62


Page 7

 
CTS FIRE CONTROL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
-
3,259.00

-
3,259.00


9.


Deferred taxation




2023
2022


£

£






At beginning of year
(2,716.00)
(3,647.00)


Charged to profit or loss
2,716.00
931.00



At end of year
-
(2,716.00)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(2,716.00)

-
(2,716.00)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


Page 8

 
CTS FIRE CONTROL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Related party transactions

During the period the directors, made loans to the Company and withdrew funds. At the balance sheet date a sum of £34,103 (2022: £740 ) was due to them and included within other creditors. 
The directors had an interest in dividends paid of £35,000 
(2022: £Nil)
During the year the company made sales to a company under common control, amounting to £7,905 
(2022 - £9,655) and sold assets at market value of £17,500. Included within debtors within one year is a balance of £36,000 owed by the related comany. 

 
Page 9