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Company Registration No. 07172885 (England and Wales)
CTS (Corby) Limited Unaudited accounts for the year ended 31 March 2024
CTS (Corby) Limited Unaudited accounts Contents
Page
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CTS (Corby) Limited Company Information for the year ended 31 March 2024
Directors
John Richard Payne David Patterson Blyth Jeremy Paul Dowling Keith Trevor Ripper Darren Hills
Secretary
Ewan Joseph Tracey
Company Number
07172885 (England and Wales)
Registered Office
3 PRINCEWOOD ROAD EARLSTREES INDUSTRIAL ESTATE CORBY NORTHAMPTONSHIRE NN17 4AP ENGLAND
Accountants
Kingsbrook Accounting and Tax Services Limited 2 Kingsbrook Corby Northants NN189HY
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CTS (Corby) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,824,896 
779,383 
Investments
187,533 
179,606 
2,012,429 
958,989 
Current assets
Inventories
164,702 
173,339 
Debtors
579,255 
534,189 
Cash at bank and in hand
727,703 
677,596 
1,471,660 
1,385,124 
Creditors: amounts falling due within one year
(447,379)
(399,611)
Net current assets
1,024,281 
985,513 
Total assets less current liabilities
3,036,710 
1,944,502 
Provisions for liabilities
Deferred tax
(6,440)
(6,789)
Net assets
3,030,270 
1,937,713 
Capital and reserves
Called up share capital
140,001 
140,001 
Revaluation reserve
1,070,378 
- 
Profit and loss account
1,819,891 
1,797,712 
Shareholders' funds
3,030,270 
1,937,713 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
John Richard Payne Director Company Registration No. 07172885
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CTS (Corby) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
CTS (Corby) Limited is a private company, limited by shares, registered in England and Wales, registration number 07172885. The registered office is 3 PRINCEWOOD ROAD, EARLSTREES INDUSTRIAL ESTATE, CORBY, NORTHAMPTONSHIRE, NN17 4AP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
2% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Investments
Investments are included at fair value. Investments relate to funds invested in a regulated investment fund.
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CTS (Corby) Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 April 2023
828,057 
88,225 
57,278 
973,560 
Additions
- 
2,805 
- 
2,805 
Revaluations
971,943 
- 
- 
971,943 
At 31 March 2024
1,800,000 
91,030 
57,278 
1,948,308 
Depreciation
At 1 April 2023
91,063 
64,246 
38,868 
194,177 
Charge for the year
9,000 
6,695 
4,603 
20,298 
Surplus on revaluation
(91,063)
- 
- 
(91,063)
At 31 March 2024
9,000 
70,941 
43,471 
123,412 
Net book value
At 31 March 2024
1,791,000 
20,089 
13,807 
1,824,896 
At 31 March 2023
736,994 
23,979 
18,410 
779,383 
5
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 April 2023
100 
179,506 
179,606 
Fair value adjustments
- 
8,027 
8,027 
Disposals
(100)
- 
(100)
Valuation at 31 March 2024
- 
187,533 
187,533 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
543,010 
501,561 
Accrued income and prepayments
36,245 
32,628 
579,255 
534,189 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
89,888 
78,940 
Trade creditors
149,200 
175,096 
Taxes and social security
184,455 
132,301 
Other creditors
3,750 
3,350 
Accruals
20,086 
9,924 
447,379 
399,611 
8
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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