IRIS Accounts Production v24.2.0.383 08855052 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088550522023-03-31088550522024-03-31088550522023-04-012024-03-31088550522022-03-31088550522022-04-012023-03-31088550522023-03-3108855052ns15:EnglandWales2023-04-012024-03-3108855052ns14:PoundSterling2023-04-012024-03-3108855052ns10:Director12023-04-012024-03-3108855052ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108855052ns10:SmallEntities2023-04-012024-03-3108855052ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108855052ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108855052ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108855052ns10:FullAccounts2023-04-012024-03-310885505212023-04-012024-03-3108855052ns10:Director22023-04-012024-03-3108855052ns10:RegisteredOffice2023-04-012024-03-3108855052ns5:CurrentFinancialInstruments2024-03-3108855052ns5:CurrentFinancialInstruments2023-03-3108855052ns5:ShareCapital2024-03-3108855052ns5:ShareCapital2023-03-3108855052ns5:RetainedEarningsAccumulatedLosses2024-03-3108855052ns5:RetainedEarningsAccumulatedLosses2023-03-3108855052ns5:NetGoodwill2023-04-012024-03-3108855052ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108855052ns5:PlantMachinery2023-04-012024-03-3108855052ns5:FurnitureFittings2023-04-012024-03-3108855052ns5:MotorVehicles2023-04-012024-03-3108855052ns5:ComputerEquipment2023-04-012024-03-3108855052ns5:NetGoodwill2024-03-3108855052ns5:PlantMachinery2023-03-3108855052ns5:FurnitureFittings2023-03-3108855052ns5:MotorVehicles2023-03-3108855052ns5:ComputerEquipment2023-03-3108855052ns5:PlantMachinery2024-03-3108855052ns5:FurnitureFittings2024-03-3108855052ns5:MotorVehicles2024-03-3108855052ns5:ComputerEquipment2024-03-3108855052ns5:PlantMachinery2023-03-3108855052ns5:FurnitureFittings2023-03-3108855052ns5:MotorVehicles2023-03-3108855052ns5:ComputerEquipment2023-03-3108855052ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108855052ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08855052 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CTSR LTD

CTSR LTD (REGISTERED NUMBER: 08855052)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CTSR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Miss M J Collins
S J Richardson





REGISTERED OFFICE: 1 Furnace Lane
Station Road
Finedon
Wellingborough
Northamptonshire
NN9 5NY





REGISTERED NUMBER: 08855052 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

CTSR LTD (REGISTERED NUMBER: 08855052)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 221,354 180,646
221,354 180,646

CURRENT ASSETS
Debtors 6 128,099 37,182
Cash at bank 22,016 246,882
150,115 284,064
CREDITORS
Amounts falling due within one year 7 102,903 116,028
NET CURRENT ASSETS 47,212 168,036
TOTAL ASSETS LESS CURRENT LIABILITIES 268,566 348,682

PROVISIONS FOR LIABILITIES 41,297 34,323
NET ASSETS 227,269 314,359

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 227,119 314,209
SHAREHOLDERS' FUNDS 227,269 314,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

CTSR LTD (REGISTERED NUMBER: 08855052)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





Miss M J Collins - Director


CTSR LTD (REGISTERED NUMBER: 08855052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

CTSR 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

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

CTSR LTD (REGISTERED NUMBER: 08855052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 4,000
At 31st March 2024 4,000
AMORTISATION
Charge for year 4,000
At 31st March 2024 4,000
NET BOOK VALUE
At 31st March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 104,711 14,206 133,250 10,131 262,298
Additions 40,286 1,100 39,000 500 80,886
At 31st March 2024 144,997 15,306 172,250 10,631 343,184
DEPRECIATION
At 1st April 2023 42,507 2,956 28,574 7,615 81,652
Charge for year 14,455 2,813 21,585 1,325 40,178
At 31st March 2024 56,962 5,769 50,159 8,940 121,830
NET BOOK VALUE
At 31st March 2024 88,035 9,537 122,091 1,691 221,354
At 31st March 2023 62,204 11,250 104,676 2,516 180,646

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,044 28,449
Amounts owed by group undertakings 899 7,664
Other debtors 108,156 1,069
128,099 37,182

CTSR LTD (REGISTERED NUMBER: 08855052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 6,020
Taxation and social security 79,086 80,815
Other creditors 23,817 29,193
102,903 116,028

8. RELATED PARTY DISCLOSURES

Within other debtors are amounts owing by the directors' totalling £90,000. (2023: £126 Creditor).
This loan is interest free and has no repayment terms.