Registered number
04005915
CTM Communications Limited
Filleted Accounts
30 June 2023
CTM Communications Limited
Registered number: 04005915
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 1,624
Investments 4 5,647 -
5,647 1,624
Current assets
Debtors 5 70,934 66,272
Cash at bank and in hand 17,037 24,090
87,971 90,362
Creditors: amounts falling due within one year 6 (56,503) (78,356)
Net current assets 31,468 12,006
Net assets 37,115 13,630
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 36,115 12,630
Shareholders' funds 37,115 13,630
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.
Mr M. Povey
Director
Approved by the board on 6 March 2024
CTM Communications Limited
Notes to the Accounts
for the year ended 30 June 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:
Motor vehicles over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 104,278 3,250 107,528
At 30 June 2023 104,278 3,250 107,528
Depreciation
At 1 July 2022 104,278 1,626 105,904
Charge for the year - 1,624 1,624
At 30 June 2023 104,278 3,250 107,528
Net book value
At 30 June 2023 - - -
At 30 June 2022 - 1,624 1,624
4 Investments
Other
investments
£
Cost
Additions 5,647
At 30 June 2023 5,647
5 Debtors 2023 2022
£ £
Trade debtors 18,308 13,378
Deferred tax asset 2,626 2,894
Other debtors 50,000 50,000
70,934 66,272
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 8,423
Trade creditors 1,871 585
Taxation and social security costs 1,981 14,697
Other creditors 52,651 54,651
56,503 78,356
7 Other information
CTM Communications Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 1, Ellenbrook Village Centre
Morston Close
Worsley
Manchester
M28 1PB
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