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REGISTERED NUMBER: 08393108 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CFT SOLUTIONS LTD

CFT SOLUTIONS LTD (REGISTERED NUMBER: 08393108)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CFT SOLUTIONS LTD

COMPANY INFORMATION
For The Year Ended 31 July 2023







DIRECTORS: Mr P I Harrison
Mrs J J Harrison





SECRETARY: Mr P I Harrison





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 08393108 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

CFT SOLUTIONS LTD (REGISTERED NUMBER: 08393108)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,559 3,061
Investment property 5 90,072 90,072
92,631 93,133

CURRENT ASSETS
Debtors 6 140,344 140,868
Cash at bank 111,306 127,139
251,650 268,007
CREDITORS
Amounts falling due within one year 7 174,662 180,865
NET CURRENT ASSETS 76,988 87,142
TOTAL ASSETS LESS CURRENT LIABILITIES 169,619 180,275

CREDITORS
Amounts falling due after more than
one year

8

14,667

22,667
NET ASSETS 154,952 157,608

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 154,852 157,508
SHAREHOLDERS' FUNDS 154,952 157,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CFT SOLUTIONS LTD (REGISTERED NUMBER: 08393108)

BALANCE SHEET - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:





Mr P I Harrison - Director


CFT SOLUTIONS LTD (REGISTERED NUMBER: 08393108)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

CFT Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 10% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

CFT SOLUTIONS LTD (REGISTERED NUMBER: 08393108)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 18,404
DEPRECIATION
At 1 August 2022 15,343
Charge for year 502
At 31 July 2023 15,845
NET BOOK VALUE
At 31 July 2023 2,559
At 31 July 2022 3,061

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 90,072
NET BOOK VALUE
At 31 July 2023 90,072
At 31 July 2022 90,072

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 140,344 140,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan 8,000 8,000
Payments on account 101,766 112,823
Trade creditors 19,262 16,413
Taxation and social security 45,634 43,629
174,662 180,865

CFT SOLUTIONS LTD (REGISTERED NUMBER: 08393108)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,667 22,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr P I Harrison and Mrs J J Harrison
Balance outstanding at start of year 131,981 130,034
Amounts advanced 152,592 137,592
Amounts repaid (153,116 ) (135,645 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131,457 131,981