Company Registration No. 7901679 (England and Wales)
Control Technologies UK Ltd
Unaudited accounts
for the year ended 31 March 2024
Control Technologies UK Ltd
Unaudited accounts
Contents
Control Technologies UK Ltd
Company Information
for the year ended 31 March 2024
Directors
Mark Wood
Mark Blakemore
Neil James Blakemore
Company Number
7901679 (England and Wales)
Registered Office
Unit A Angel Business Centre
Luton Road
Toddington
Bedfordshire
LU5 6DE
United Kingdom
Accountants
Mayflower Accountancy & Tax Limited
10 Alma Farm Road
Toddington
Dunstable
Bedfordshire
LU5 6BG
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Control Technologies UK Ltd
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Control Technologies UK Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Mayflower Accountancy & Tax Limited
Member in Practice
10 Alma Farm Road
Toddington
Dunstable
Bedfordshire
LU5 6BG
31 May 2024
Control Technologies UK Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
5,600
7,000
Tangible assets
28,553
23,211
Inventories
136,796
117,154
Cash at bank and in hand
39,598
163,959
Creditors: amounts falling due within one year
(284,699)
(332,580)
Net current assets
170,727
104,395
Total assets less current liabilities
204,880
134,606
Creditors: amounts falling due after more than one year
(141,359)
(163,140)
Provisions for liabilities
Deferred tax
(6,559)
(5,809)
Net assets/(liabilities)
56,962
(34,343)
Called up share capital
100
100
Profit and loss account
56,862
(34,443)
Shareholders' funds
56,962
(34,343)
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 21 August 2024 and were signed on its behalf by
Mark Wood
Director
Company Registration No. 7901679
Control Technologies UK Ltd
Notes to the Accounts
for the year ended 31 March 2024
Control Technologies UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 7901679. The registered office is Unit A Angel Business Centre, Luton Road, Toddington, Bedfordshire, LU5 6DE, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
3 Year Straight Line
Fixtures & fittings
3 Year Straight Line
Computer equipment
3 Year Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Control Technologies UK Ltd
Notes to the Accounts
for the year ended 31 March 2024
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
4,967
12,311
101,379
118,657
Additions
9,328
12,380
6,017
27,725
At 31 March 2024
13,977
24,691
107,396
146,064
At 1 April 2023
1,999
7,014
86,433
95,446
Charge for the year
5,169
4,705
12,385
22,259
On disposals
(194)
-
-
(194)
At 31 March 2024
6,974
11,719
98,818
117,511
At 31 March 2024
7,003
12,972
8,578
28,553
At 31 March 2023
2,968
5,297
14,946
23,211
Control Technologies UK Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
261,124
133,839
Accrued income and prepayments
16,808
20,783
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,996
18,587
Trade creditors
145,679
154,937
Taxes and social security
(741)
(36,113)
Other creditors
47,071
16,842
Deferred income
11,092
67,476
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
125,516
125,516
Loans from directors
-
11,785
9
Deferred taxation
2024
2023
Accelerated capital allowances
6,559
5,809
Provision at start of year
5,809
-
Charged to the profit and loss account
750
5,809
Provision at end of year
6,559
5,809
10
Average number of employees
During the year the average number of employees was 12 (2023: 14).