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REGISTERED NUMBER: 05770716 (England and Wales)















CTE Advanced Technologies Ltd

Unaudited Financial Statements

For The Year Ended 30th April 2023






CTE Advanced Technologies Ltd (Registered number: 05770716)






Contents of the Financial Statements
For The Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


CTE Advanced Technologies Ltd

Company Information
For The Year Ended 30th April 2023







DIRECTORS: A J Tullett
C J C Tullett





SECRETARY: A J Tullett





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: 05770716 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

CTE Advanced Technologies Ltd (Registered number: 05770716)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 356,544 344,184

CURRENT ASSETS
Stocks 221,035 291,791
Debtors 6 798,097 579,921
Cash at bank and in hand 292,570 305,845
1,311,702 1,177,557
CREDITORS
Amounts falling due within one year 7 460,214 355,716
NET CURRENT ASSETS 851,488 821,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,208,032

1,166,025

PROVISIONS FOR LIABILITIES 8 86,000 61,700
NET ASSETS 1,122,032 1,104,325

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 1,122,028 1,104,321
SHAREHOLDERS' FUNDS 1,122,032 1,104,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

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 14th August 2023 and were signed on its behalf by:




C J C Tullett - Director



A J Tullett - Director


CTE Advanced Technologies Ltd (Registered number: 05770716)

Notes to the Financial Statements
For The Year Ended 30th April 2023

1. STATUTORY INFORMATION

CTE Advanced Technologies 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.

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


The principal activity of the company in the year under review was that of making motor vehicle exhaust systems.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

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

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 - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CTE Advanced Technologies Ltd (Registered number: 05770716)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 37 ).

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st May 2022 830,690 88,916 5,200 924,806
Additions 64,174 39,084 - 103,258
Disposals (2,920 ) (2,436 ) - (5,356 )
At 30th April 2023 891,944 125,564 5,200 1,022,708
DEPRECIATION
At 1st May 2022 492,481 82,941 5,200 580,622
Charge for year 76,232 13,710 - 89,942
Eliminated on disposal (1,964 ) (2,436 ) - (4,400 )
At 30th April 2023 566,749 94,215 5,200 666,164
NET BOOK VALUE
At 30th April 2023 325,195 31,349 - 356,544
At 30th April 2022 338,209 5,975 - 344,184

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 668,656 388,998
Other debtors 129,441 190,923
798,097 579,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 238,832 226,246
Taxation and social security 160,721 60,675
Other creditors 60,661 68,795
460,214 355,716

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 86,000 61,700

Deferred
tax
£   
Balance at 1st May 2022 61,700
Provided during year 24,300
Balance at 30th April 2023 86,000

CTE Advanced Technologies Ltd (Registered number: 05770716)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
300 Ordinary Share 1p each 1p 3 3
4 4

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th April 2023 or 30th April 2022.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 30th April 2023 or 30th April 2022.