Company Registration No. 11804008 (England and Wales)
CT Built Limited
Unaudited accounts
for the year ended 31 March 2024
CT Built Limited
Unaudited accounts
Contents
CT Built Limited
Company Information
for the year ended 31 March 2024
Company Number
11804008 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
England
Accountants
Ashby & Company
Flat 5
2 Courts Hill Road
Haslemere
Surrey
GU27 2EG
CT Built Limited
Statement of financial position
as at 31 March 2024
Tangible assets
20,971
9,528
Cash at bank and in hand
23,045
5
Creditors: amounts falling due within one year
(409,252)
(156,748)
Net current assets
28,506
61,373
Total assets less current liabilities
49,477
70,901
Creditors: amounts falling due after more than one year
(6,289)
(10,265)
Provisions for liabilities
Deferred tax
(3,985)
(1,811)
Called up share capital
1
1
Profit and loss account
39,202
58,824
Shareholders' funds
39,203
58,825
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 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 27 August 2024 and were signed on its behalf by
C Tabard
Director
Company Registration No. 11804008
CT Built Limited
Notes to the Accounts
for the year ended 31 March 2024
CT Built Limited is a private company, limited by shares, registered in England and Wales, registration number 11804008. The registered office is 7 Bell Yard, London, WC2A 2JR, England.
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover is measured at the fair value of the consideration received or receivable for building services, net of VAT and discounts provided in the normal course of business. Turnover from the rendering of building 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
33% on cost
Motor vehicles
25% on written down value
Computer equipment
33% on cost
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.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Basic financial instruments are recognised at amortised cost.
CT Built Limited
Notes to the Accounts
for the year ended 31 March 2024
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
12,953
13,200
5,151
31,304
Additions
16,392
-
2,310
18,702
At 31 March 2024
29,345
13,200
7,461
50,006
At 1 April 2023
10,188
7,322
4,266
21,776
Charge for the year
4,592
1,470
1,197
7,259
At 31 March 2024
14,780
8,792
5,463
29,035
At 31 March 2024
14,565
4,408
1,998
20,971
At 31 March 2023
2,765
5,878
885
9,528
Amounts falling due within one year
Trade debtors
17,706
183,116
Accrued income and prepayments
350,722
35,000
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,642
27,971
Trade creditors
202,840
50,956
Taxes and social security
48,816
65,527
Other creditors
110,538
10,794
6
Creditors: amounts falling due after more than one year
2024
2023
The loans outstanding are secured by the government.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
CT Built Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
2,200
-
Later than one year and not later than five years
15,600
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan to the director is unsecured and repayable on demand. Interest of £401 has been charged at the official rate.
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).