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REGISTERED NUMBER: 05085680 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CTE CONTRACTORS LIMITED

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CTE CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr C Thompson



SECRETARY: Mr C Thompson



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 05085680 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: HSBC Bank PLC
5 Market Hill
Barnsley
South Yorkshire
S70 2PY

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,437 14,108

CURRENT ASSETS
Stocks 400 400
Debtors 5 54,057 32,568
Cash at bank 22,170 25,795
76,627 58,763
CREDITORS
Amounts falling due within one year 6 51,074 29,986
NET CURRENT ASSETS 25,553 28,777
TOTAL ASSETS LESS CURRENT LIABILITIES 58,990 42,885

CREDITORS
Amounts falling due after more than
one year

7

(26,137

)

(29,166

)

PROVISIONS FOR LIABILITIES (6,352 ) (2,680 )
NET ASSETS 26,501 11,039

CAPITAL AND RESERVES
Called up share capital 9 4 4
Share premium 9,999 9,999
Retained earnings 16,498 1,036
SHAREHOLDERS' FUNDS 26,501 11,039

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

BALANCE SHEET - continued
30 NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr C Thompson - Director


CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

CTE Contractors Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is recognised to the extent that the company has obtained the right to consideration through the performance of its contractual obligations. Where the substance is that the company's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount recognised represents the right to consideration by reference to the value of the work performed.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 25% on reducing balance

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Revenue grants
Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 466 31,590 848 32,904
Additions - 25,442 - 25,442
Disposals - (7,495 ) - (7,495 )
At 30 November 2023 466 49,537 848 50,851
DEPRECIATION
At 1 December 2022 325 18,077 394 18,796
Charge for year 35 2,869 113 3,017
Eliminated on disposal - (4,399 ) - (4,399 )
At 30 November 2023 360 16,547 507 17,414
NET BOOK VALUE
At 30 November 2023 106 32,990 341 33,437
At 30 November 2022 141 13,513 454 14,108

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 25,442
At 30 November 2023 25,442
DEPRECIATION
Charge for year 265
At 30 November 2023 265
NET BOOK VALUE
At 30 November 2023 25,177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 43,047 9,597
Amounts recoverable on contract 6,561 4,178
Directors' loan accounts - 11,086
VAT 967 1,303
Prepayments and accrued income 3,482 6,404
54,057 32,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other loans 10,000 10,000
Hire purchase contracts 3,485 -
Trade creditors 21,008 10,514
Corporation tax 13,427 8,257
Social security and other taxes 2,553 678
Other creditors 37 37
Directors' loan accounts 14 -
Accruals and deferred income 550 500
51,074 29,986

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Other loans - 1-2 years 10,000 10,000
Other loans - 2-5 years 9,166 19,166
Hire purchase contracts 6,971 -
26,137 29,166

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 10,456 -

The hire purchase contract is secured against the fixed asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 A Ordinary £1 2 2
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
4 4

CTE CONTRACTORS LIMITED (REGISTERED NUMBER: 05085680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr C Thompson
Balance outstanding at start of year 11,086 (18,704 )
Amounts advanced 41,000 75,000
Amounts repaid (52,086 ) (45,210 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,086