Company Registration No. 10232195 (England and Wales)
CTR Communications Limited
Unaudited accounts
for the year ended 30 June 2024
CTR Communications Limited
Unaudited accounts
Contents
CTR Communications Limited
Company Information
for the year ended 30 June 2024
Company Number
10232195 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
CTR Communications Limited
Statement of financial position
as at 30 June 2024
Intangible assets
846
1,147
Tangible assets
132,918
48,775
Cash at bank and in hand
130,881
77,939
Creditors: amounts falling due within one year
(93,348)
(129,895)
Net current assets
128,386
141,280
Total assets less current liabilities
262,150
191,202
Creditors: amounts falling due after more than one year
(14,810)
(24,961)
Provisions for liabilities
Deferred tax
(17,435)
(10,972)
Net assets
229,905
155,269
CTR Communications Limited
Statement of financial position
as at 30 June 2024 (continued)
Called up share capital
1
1
Revaluation reserve
3,065
3,065
Profit and loss account
226,839
152,203
Shareholders' funds
229,905
155,269
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 September 2024 and were signed on its behalf by
A Carter
Director
Company Registration No. 10232195
CTR Communications Limited
Notes to the Accounts
for the year ended 30 June 2024
CTR Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 10232195. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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
25% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible assets are written off over a useful life of 10 years.
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.
CTR Communications Limited
Notes to the Accounts
for the year ended 30 June 2024
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
Total
5
Tangible fixed assets
Total
Charge for the year
29,335
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
CTR Communications Limited
Notes to the Accounts
for the year ended 30 June 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free repayable on demand loan
5,882
-
5,882
-
On 4 June 2024 CTR Capital Group Ltd became the parent company holding 100% of the issued share capital.
CTR Capital Group Ltd - 15639735
10 Westsprink Crescent
Stoke on Trent
ST3 5JB
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).