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REGISTERED NUMBER: SC471378 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 March 2023

for

CT Retail Limited

CT Retail Limited (Registered number: SC471378)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CT Retail Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C Thorburn





REGISTERED OFFICE: 120 Drymen Road
Bearsden
Glasgow
G61 3RB





REGISTERED NUMBER: SC471378 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

CT Retail Limited (Registered number: SC471378)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 21,817 23,181
Tangible assets 5 5,152 8,545
26,969 31,726

CURRENT ASSETS
Stocks 15,000 8,070
Debtors 6 55,184 50,281
Cash at bank 27,462 45,018
97,646 103,369
CREDITORS
Amounts falling due within one year 7 (88,960 ) (69,758 )
NET CURRENT ASSETS 8,686 33,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,655

65,337

CREDITORS
Amounts falling due after more than one
year

8

(34,259

)

(39,815

)

PROVISIONS FOR LIABILITIES (979 ) (1,624 )
NET ASSETS 417 23,898

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 415 23,897
SHAREHOLDERS' FUNDS 417 23,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Retail Limited (Registered number: SC471378)

Balance Sheet - continued
31 March 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





C Thorburn - Director


CT Retail Limited (Registered number: SC471378)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

CT Retail Limited is a private company, limited by shares , registered in Scotland. 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.

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.

Leasehold is being amortised evenly over its estimated useful life of twenty two years.

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 - 25% on cost, 25% on reducing balance and 10% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value

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

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 6 (2022 - 4 ) .

CT Retail Limited (Registered number: SC471378)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022 6,819
Charge for year 1,364
At 31 March 2023 8,183
NET BOOK VALUE
At 31 March 2023 21,817
At 31 March 2022 23,181

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 26,890
Additions 1,110
At 31 March 2023 28,000
DEPRECIATION
At 1 April 2022 18,345
Charge for year 4,503
At 31 March 2023 22,848
NET BOOK VALUE
At 31 March 2023 5,152
At 31 March 2022 8,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,815 2,000
Other debtors 52,369 48,281
55,184 50,281

CT Retail Limited (Registered number: SC471378)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 46,461 25,471
Taxation and social security 19,539 31,392
Other creditors 22,960 12,895
88,960 69,758

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 34,259 39,815

9. LEASING AGREEMENTS
At the year end the company had future operating lease commitments of £161,400 (2022: £183,300).

10. RELATED PARTY DISCLOSURES

Included in other debtors is £49,519 (2022: £46,181) due from the director. The loan is interest free and repayable on demand.