Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12167546 Ms V Bartle Mr T M Henton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12167546 2022-08-31 12167546 2023-08-31 12167546 2022-09-01 2023-08-31 12167546 frs-core:CurrentFinancialInstruments 2023-08-31 12167546 frs-core:Non-currentFinancialInstruments 2023-08-31 12167546 frs-core:FurnitureFittings 2023-08-31 12167546 frs-core:FurnitureFittings 2022-09-01 2023-08-31 12167546 frs-core:FurnitureFittings 2022-08-31 12167546 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 12167546 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12167546 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-31 12167546 frs-core:ShareCapital 2023-08-31 12167546 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12167546 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12167546 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12167546 frs-bus:SmallEntities 2022-09-01 2023-08-31 12167546 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12167546 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12167546 frs-bus:Director1 2022-09-01 2023-08-31 12167546 frs-bus:Director2 2022-09-01 2023-08-31 12167546 frs-countries:EnglandWales 2022-09-01 2023-08-31 12167546 2021-08-31 12167546 2022-08-31 12167546 2021-09-01 2022-08-31 12167546 frs-core:CurrentFinancialInstruments 2022-08-31 12167546 frs-core:Non-currentFinancialInstruments 2022-08-31 12167546 frs-core:ShareCapital 2022-08-31 12167546 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 12167546
CTV Trading Ltd
Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12167546
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 924,757 166,544
924,757 166,544
CURRENT ASSETS
Stocks 5 - 70,000
Debtors 6 - 924
Cash at bank and in hand 37 129,493
37 200,417
Creditors: Amounts Falling Due Within One Year 7 (335,163 ) (323,784 )
NET CURRENT ASSETS (LIABILITIES) (335,126 ) (123,367 )
TOTAL ASSETS LESS CURRENT LIABILITIES 589,631 43,177
Creditors: Amounts Falling Due After More Than One Year 8 (568,000 ) -
NET ASSETS 21,631 43,177
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 21,531 43,077
SHAREHOLDERS' FUNDS 21,631 43,177
Page 1
Page 2
For the year ending 31 August 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T M Henton
Director
29 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CTV Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12167546 . The registered office is Gnd Flr Right N & N Building, Cathedral Road, Derby, Derbyshire, DE1 3PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Fixtures & Fittings 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2022 173,315 1,109 174,424
Additions 777,507 - 777,507
As at 31 August 2023 950,822 1,109 951,931
Depreciation
As at 1 September 2022 7,221 659 7,880
Provided during the period 19,017 277 19,294
As at 31 August 2023 26,238 936 27,174
Net Book Value
As at 31 August 2023 924,584 173 924,757
As at 1 September 2022 166,094 450 166,544
5. Stocks
2023 2022
£ £
Stock - 70,000
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 924
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts - 104,167
Other creditors 307,196 184,432
Taxation and social security 27,967 35,185
335,163 323,784
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 568,000 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4