Company Registration No. SC558779 (Scotland)
CTS PROJECTS (SCOTLAND) LTD
Unaudited accounts
for the year ended 31 March 2023
CTS PROJECTS (SCOTLAND) LTD
Unaudited accounts
Contents
CTS PROJECTS (SCOTLAND) LTD
Company Information
for the year ended 31 March 2023
Director
Christopher Scott
Company Number
SC558779 (Scotland)
Registered Office
9 VENNEL STREET
STEWARTON
AYRSHIRE
KA3 5HL
UNITED KINGDOM
Accountants
TaxKings (West) Ltd
9 Vennel St
Stewarton
KA3 5HL
CTS PROJECTS (SCOTLAND) LTD
Statement of financial position
as at 31 March 2023
Tangible assets
13,350
24,687
Cash at bank and in hand
19,940
18,866
Creditors: amounts falling due within one year
(18,873)
(15,062)
Net current assets
7,819
8,274
Total assets less current liabilities
21,169
32,961
Creditors: amounts falling due after more than one year
(10,827)
(15,477)
Called up share capital
1
1
Profit and loss account
10,341
17,483
Shareholders' funds
10,342
17,484
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 February 2024 and were signed on its behalf by
Christopher Scott
Director
Company Registration No. SC558779
CTS PROJECTS (SCOTLAND) LTD
Notes to the Accounts
for the year ended 31 March 2023
CTS PROJECTS (SCOTLAND) LTD is a private company, limited by shares, registered in Scotland, registration number SC558779. The registered office is 9 VENNEL STREET, STEWARTON, AYRSHIRE, KA3 5HL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
49,431
10,422
10,721
70,574
At 31 March 2023
49,431
10,422
10,721
70,574
At 1 April 2022
33,248
4,123
8,516
45,887
Charge for the year
8,092
2,084
1,161
11,337
At 31 March 2023
41,340
6,207
9,677
57,224
At 31 March 2023
8,091
4,215
1,044
13,350
At 31 March 2022
16,183
6,299
2,205
24,687
Amounts falling due within one year
CTS PROJECTS (SCOTLAND) LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,111
5,111
Taxes and social security
5,510
(460)
Loans from directors
-
7,486
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).