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
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
CTS (Corby) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
1,824,896
779,383
Investments
187,533
179,606
Inventories
164,702
173,339
Cash at bank and in hand
727,703
677,596
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
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
CTS (Corby) Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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:
Land & buildings
2% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Investments are included at fair value.
Investments relate to funds invested in a regulated investment fund.
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
Revaluations
971,943
-
-
971,943
At 31 March 2024
1,800,000
91,030
57,278
1,948,308
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
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
Valuation at 31 March 2024
-
187,533
187,533
Amounts falling due within one year
Trade debtors
543,010
501,561
Accrued income and prepayments
36,245
32,628
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
149,200
175,096
Taxes and social security
184,455
132,301
Other creditors
3,750
3,350
8
Average number of employees
During the year the average number of employees was 12 (2023: 12).