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REGISTERED NUMBER: 05384236 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

CT INSTALLATION LIMITED

CT INSTALLATION LIMITED (REGISTERED NUMBER: 05384236)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CT INSTALLATION LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N I Thompson





REGISTERED OFFICE: Units 7b & 8b
New Pudsey Square
Stanningley
Pudsey
LS28 6PX





REGISTERED NUMBER: 05384236 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

CT INSTALLATION LIMITED (REGISTERED NUMBER: 05384236)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,625 62,798

CURRENT ASSETS
Stock 11,901 7,199
Debtors 5 377,114 316,041
Cash at bank 41,848 85,323
430,863 408,563
CREDITORS
Amounts falling due within one year 6 208,509 176,202
NET CURRENT ASSETS 222,354 232,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,979

295,159

CREDITORS
Amounts falling due after more than one
year

7

(11,111

)

(71,867

)

PROVISIONS FOR LIABILITIES (12,156 ) (15,699 )
NET ASSETS 247,712 207,593

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 247,612 207,493
SHAREHOLDERS' FUNDS 247,712 207,593

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 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.

CT INSTALLATION LIMITED (REGISTERED NUMBER: 05384236)

Balance Sheet - continued
31 December 2023


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 23 September 2024 and were signed by:





N I Thompson - Director


CT INSTALLATION LIMITED (REGISTERED NUMBER: 05384236)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

CT Installation 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 represents the invoiced value of goods and services supplied for the year, less returns and excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is calculated to write off assets over their estimated useful lives at the following annual rates:

Plant and machinery-20% of cost
Fixtures and fittings-33.33% of cost
Office equipment-33.33% of cost
Motor vehicles-20% reducing balance

Stock
Stock is stated at the lower of cost and estimated net realisable value.

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.

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.

CT INSTALLATION LIMITED (REGISTERED NUMBER: 05384236)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Leasing and hire purchase
Assets held under hire purchase and similar contracts are capitalised as tangible fixed assets and the corresponding liability to pay rentals are shown net of finance charges as hire purchase and similar obligations. The finance charge element of rentals is allocated so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period.

Rentals under operating leases are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant &
machinery,
fixtures
& fittings
£   
COST
At 1 January 2023 132,066
Additions 1,353
At 31 December 2023 133,419
DEPRECIATION
At 1 January 2023 69,268
Charge for year 15,526
At 31 December 2023 84,794
NET BOOK VALUE
At 31 December 2023 48,625
At 31 December 2022 62,798

Tangible fixed assets with a net book value of £41,069 (2022 - £51,336) were held under hire purchase and similar contracts. The depreciation charge for the year in respect of these assets was £10,267 (2022 - £3,107).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 344,095 285,393
Other debtors 10,510 12,321
Prepayments 22,509 18,327
377,114 316,041

CT INSTALLATION LIMITED (REGISTERED NUMBER: 05384236)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,222 22,222
Hire purchase contracts 38,533 9,983
Trade creditors 55,690 69,432
Corporation tax 67,952 46,613
Social security and other taxes 7,280 7,767
Other creditors 1,900 2,314
Director's loan account 13,832 16,996
Accruals and deferred income 1,100 875
208,509 176,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 11,111 33,334
Hire purchase contracts - 38,533
11,111 71,867

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,950 18,950
Between one and five years 15,792 34,742
34,742 53,692

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100