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REGISTERED NUMBER: 02783775 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Commutator Technologies Ltd.
Trading as
CTL/EDM

Commutator Technologies Ltd. (Registered number: 02783775)
Trading as CTL/EDM






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


Commutator Technologies Ltd.
Trading as CTL/EDM

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Grech





SECRETARY: Mrs J Grech





REGISTERED OFFICE: Mile End Green
Dartford
Kent
DA2 8EB





REGISTERED NUMBER: 02783775 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Commutator Technologies Ltd. (Registered number: 02783775)
Trading as CTL/EDM

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 137,685 161,171

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 106,242 85,266
Cash at bank and in hand 473,489 495,202
582,231 582,968
CREDITORS
Amounts falling due within one year 6 (123,200 ) (99,097 )
NET CURRENT ASSETS 459,031 483,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,716

645,042

CREDITORS
Amounts falling due after more than one
year

7

(9,742

)

(48,708

)

PROVISIONS FOR LIABILITIES (32,766 ) (29,088 )
NET ASSETS 554,208 567,246

CAPITAL AND RESERVES
Called up share capital 750 750
Retained earnings 553,458 566,496
SHAREHOLDERS' FUNDS 554,208 567,246

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.

Commutator Technologies Ltd. (Registered number: 02783775)
Trading as CTL/EDM

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





D Grech - Director


Commutator Technologies Ltd. (Registered number: 02783775)
Trading as CTL/EDM

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

1. STATUTORY INFORMATION

Commutator 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 (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% 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.

Commutator Technologies Ltd. (Registered number: 02783775)
Trading as CTL/EDM

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 750,303
DEPRECIATION
At 1 April 2022 589,132
Charge for year 23,486
At 31 March 2023 612,618
NET BOOK VALUE
At 31 March 2023 137,685
At 31 March 2022 161,171

Commutator Technologies Ltd. (Registered number: 02783775)
Trading as CTL/EDM

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 216,480
DEPRECIATION
At 1 April 2022 59,532
Charge for year 21,648
At 31 March 2023 81,180
NET BOOK VALUE
At 31 March 2023 135,300
At 31 March 2022 156,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 106,242 85,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 38,966 38,966
Trade creditors 1,849 16,529
Taxation and social security 57,988 40,459
Other creditors 24,397 3,143
123,200 99,097

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 9,742 48,708

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Citadel Spark Erosion Ltd, a company incorporated in the U.K.