CTM INTERNATIONAL LTD
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Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
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Company registration number 03476757
Date
Approval date of the accounts by the board 29/11/2023
Date
Date of signing on the audit/accountants report 29/11/2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Samia Masood
Or, name of secretary
Name of director signing balance sheet Samia Masood
Address of registered office:
Address line 1 197 Wellington Buildings
Address line 2 Ebury Bridge Road
City or town London
County or region
Postcode SW1W 8RY
Name of senior statutory auditor
Name of auditors/accountants The MAT Partnership
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 342
Address line 2 Hoe Street
City or town Walthamstow
County or region London
Postcode E17 9PX
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 10 8
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
03476757
CTM INTERNATIONAL LTD
Filleted Accounts
28 February 2023
CTM INTERNATIONAL LTD
Registered number: 03476757
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,939 7,423
Current assets
Stocks 7,148 6,598
Cash at bank and in hand 60,502 24,878
67,650 31,476
Creditors: amounts falling due within one year 4 (85,425) (87,054)
Net current liabilities (17,775) (55,578)
Net liabilities (11,836) (48,155)
Capital and reserves
Called up share capital 10 10
Profit and loss account (11,846) (48,165)
Shareholders' funds (11,836) (48,155)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samia Masood
Director
Approved by the board on 29 November 2023
CTM INTERNATIONAL LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 35,377 33,000 68,377
At 28 February 2023 35,377 33,000 68,377
Depreciation
At 1 March 2022 32,581 28,373 60,954
Charge for the year 559 925 1,484
At 28 February 2023 33,140 29,298 62,438
Net book value
At 28 February 2023 2,237 3,702 5,939
At 28 February 2022 2,796 4,627 7,423
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 27,969 28,153
Pension Payable 235 1,908
Other taxes and social security costs 2,063 2,886
Other creditors 55,158 54,107
85,425 87,054
5 Other information
CTM INTERNATIONAL LTD is a private company limited by shares and incorporated in England. Its registered office is:
197 Wellington Buildings
Ebury Bridge Road
London
SW1W 8RY
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