IRIS Accounts Production v24.2.0.383 12239266 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122392662022-12-31122392662023-12-31122392662023-01-012023-12-31122392662021-10-31122392662021-11-012022-12-31122392662022-12-3112239266ns15:EnglandWales2023-01-012023-12-3112239266ns14:PoundSterling2023-01-012023-12-3112239266ns10:Director12023-01-012023-12-3112239266ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112239266ns10:SmallEntities2023-01-012023-12-3112239266ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112239266ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112239266ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112239266ns10:FullAccounts2023-01-012023-12-3112239266ns10:Director22023-01-012023-12-3112239266ns10:Director32023-01-012023-12-3112239266ns10:RegisteredOffice2023-01-012023-12-3112239266ns5:CurrentFinancialInstruments2023-12-3112239266ns5:CurrentFinancialInstruments2022-12-3112239266ns5:ShareCapital2023-12-3112239266ns5:ShareCapital2022-12-3112239266ns5:RetainedEarningsAccumulatedLosses2023-12-3112239266ns5:RetainedEarningsAccumulatedLosses2022-12-3112239266ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112239266ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 12239266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CUSTOMS AND TRADE COMPLIANCE LIMITED

CUSTOMS AND TRADE COMPLIANCE LIMITED (REGISTERED NUMBER: 12239266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CUSTOMS AND TRADE COMPLIANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A Odems
Mr P A Griffiths
Mr M R Hardgrave





REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT





REGISTERED NUMBER: 12239266 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

CUSTOMS AND TRADE COMPLIANCE LIMITED (REGISTERED NUMBER: 12239266)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 14,999 -
Debtors 4 41,107 42,386
Cash at bank 130,831 97,613
186,937 139,999
CREDITORS
Amounts falling due within one year 5 (63,929 ) (73,043 )
NET CURRENT ASSETS 123,008 66,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,008

66,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,908 66,856
123,008 66,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mr M R Hardgrave - Director


CUSTOMS AND TRADE COMPLIANCE LIMITED (REGISTERED NUMBER: 12239266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Customs And Trade Compliance 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.

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.

Stocks
Work in Progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure, an appropriate proportion of fixed and variable overhead, and an appropriate proportion of profit where profit is allocated across the whole project on a straight line

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,950 40,739
Other debtors 2,157 1,647
41,107 42,386

CUSTOMS AND TRADE COMPLIANCE LIMITED (REGISTERED NUMBER: 12239266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,965 16,039
Amounts owed to group undertakings 35,622 25,246
Taxation and social security 19,273 25,383
Other creditors 4,069 6,375
63,929 73,043

6. RELATED PARTY DISCLOSURES

Customs & Trade Consultancy Ltd is the parent company of Customs and Trade Compliance Limited, in which Arjen Odems is the director and has significant control.

Amount owed to related party at balance sheet date £35,622

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Odems.