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REGISTERED NUMBER: 07214711 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

CONTIGO TOR LTD

CONTIGO TOR LTD (REGISTERED NUMBER: 07214711)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONTIGO TOR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr M Bjerregaard
Mrs K Bjerregaard



SECRETARY: Mr M Bjerregaard



REGISTERED OFFICE: Lower Court
Littlehempston
Totnes
Devon
TQ9 6LU



REGISTERED NUMBER: 07214711 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds
31 Fore Street
Totnes
Devon
TQ9 5HH

CONTIGO TOR LTD (REGISTERED NUMBER: 07214711)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,679 66,664
Investments 5 32,442 51,383
160,121 118,047

CURRENT ASSETS
Debtors 6 55,719 7,154
Cash at bank 63,660 15,361
119,379 22,515
CREDITORS
Amounts falling due within one year 7 183,517 136,849
NET CURRENT LIABILITIES (64,138 ) (114,334 )
TOTAL ASSETS LESS CURRENT LIABILITIES 95,983 3,713

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 95,783 3,513
SHAREHOLDERS' FUNDS 95,983 3,713

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

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

CONTIGO TOR LTD (REGISTERED NUMBER: 07214711)

BALANCE SHEET - continued
30 APRIL 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 6 November 2023 and were signed on its behalf by:




Mrs K Bjerregaard - Director



Mr M Bjerregaard - Director


CONTIGO TOR LTD (REGISTERED NUMBER: 07214711)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Contigo Tor 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

CONTIGO TOR LTD (REGISTERED NUMBER: 07214711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 43,350 38,785 - 391 82,526
Additions 35,333 9,785 27,500 387 73,005
At 30 April 2023 78,683 48,570 27,500 778 155,531
DEPRECIATION
At 1 May 2022 - 15,764 - 98 15,862
Charge for year - 4,921 6,875 194 11,990
At 30 April 2023 - 20,685 6,875 292 27,852
NET BOOK VALUE
At 30 April 2023 78,683 27,885 20,625 486 127,679
At 30 April 2022 43,350 23,021 - 293 66,664

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022 51,383
Additions 11,059
Disposals (30,000 )
At 30 April 2023 32,442
NET BOOK VALUE
At 30 April 2023 32,442
At 30 April 2022 51,383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,497 -
Amounts owed by associates 43,303 5,000
Other debtors - 1,235
Prepayments 919 919
55,719 7,154

CONTIGO TOR LTD (REGISTERED NUMBER: 07214711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30,613 413
Tax 9,274 16,951
Social security and other taxes 778 -
VAT 21,213 11,020
Other creditors 135 156
Directors' current accounts 115,049 102,217
Accrued expenses 6,455 6,092
183,517 136,849

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr M Bjerregaard and Mrs K Bjerregaard
Balance outstanding at start of year (102,217 ) (108,927 )
Amounts advanced 28,306 31,710
Amounts repaid (41,138 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (115,049 ) (102,217 )

Loans are unsecured and repayable on demand. Interest is charged at a rate of 5% per annum.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2022 - £25,000) were paid to the directors .

During the year the company lent to D3 Consulting Ltd £27,000 and Circa Tor Ltd £11,303, companies Mr M Bjerregaard, Director, is also a Director of. The amounts owing to the company relating to these loans at the year end are £32,000 (2022: £5,000) and £11,303 (2022: NIL) respectively. The loans are unsecured, interest free and repayable on demand.