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REGISTERED NUMBER: 02554122 (England and Wales)

























Unaudited Financial Statements for the Year Ended 30 June 2023

for

C.T.S. (Midlands) Limited

C.T.S. (Midlands) Limited (Registered number: 02554122)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


C.T.S. (Midlands) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A J Smith
Mrs P B Smith





SECRETARY: Mrs P B Smith





REGISTERED OFFICE: 6 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER





REGISTERED NUMBER: 02554122 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
6 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

C.T.S. (Midlands) Limited (Registered number: 02554122)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,866 25,976
Investments 5 344,535 332,205
Investment property 6 1,200,000 1,200,000
1,567,401 1,558,181

CURRENT ASSETS
Debtors 7 176,078 236,073
Cash at bank 304,078 377,625
480,156 613,698
CREDITORS
Amounts falling due within one year 8 231,345 215,102
NET CURRENT ASSETS 248,811 398,596
TOTAL ASSETS LESS CURRENT LIABILITIES 1,816,212 1,956,777

PROVISIONS FOR LIABILITIES 7,021 5,493
NET ASSETS 1,809,191 1,951,284

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,809,091 1,951,184
SHAREHOLDERS' FUNDS 1,809,191 1,951,284

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

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

C.T.S. (Midlands) Limited (Registered number: 02554122)

Balance Sheet - continued
30 June 2023


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 Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:




Mrs P B Smith - Director



A J Smith - Director


C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

C.T.S. (Midlands) 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.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 64,452
Additions 5,041
At 30 June 2023 69,493
DEPRECIATION
At 1 July 2022 38,476
Charge for year 8,151
At 30 June 2023 46,627
NET BOOK VALUE
At 30 June 2023 22,866
At 30 June 2022 25,976

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022 332,205
Additions 3,627
Disposals (2,447 )
Revaluations 11,150
At 30 June 2023 344,535
NET BOOK VALUE
At 30 June 2023 344,535
At 30 June 2022 332,205

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2023 11,150
Cost 333,385
344,535

C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,200,000
NET BOOK VALUE
At 30 June 2023 1,200,000
At 30 June 2022 1,200,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2005 277,641
Valuation in 2007 116,000
Valuation in 2008 24,459
Valuation in 2010 (140,459 )
Valuation in 2011 (200,000 )
Valuation in 2014 (35,000 )
Valuation in 2019 335,000
Cost 822,359
1,200,000

7. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 9,818 5,989
Other debtors 1,487 65,311
11,305 71,300

Amounts falling due after more than one year:
Other debtors 164,773 164,773

Aggregate amounts 176,078 236,073

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 14,316 9,920
Taxation and social security 7,356 4,891
Other creditors 209,673 200,291
231,345 215,102

C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. RELATED PARTY DISCLOSURES

The Director, A J Smith, holds a controlling interest in Greenhill Farms (Twycross) Limited.

The company is owed £164,773 (2021 £164,773) from Greenhill Farms (Twycross) Limited at the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors acting in concert.