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REGISTERED NUMBER: 05171288 (England and Wales)












CASPIAN FILTER TECHNOLOGY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CASPIAN FILTER TECHNOLOGY LTD (REGISTERED NUMBER: 05171288)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CASPIAN FILTER TECHNOLOGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs T J White





REGISTERED OFFICE: 26 Ida Road
Skegness
Lincolnshire
PE25 2AR





REGISTERED NUMBER: 05171288 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

CASPIAN FILTER TECHNOLOGY LTD (REGISTERED NUMBER: 05171288)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 147,131 185,487
Investments 4 5,417 -
152,548 185,487

CURRENT ASSETS
Stocks 249,683 298,567
Debtors 187,300 310,695
Cash at bank and in hand 23,019 45,681
460,002 654,943
CREDITORS
Amounts falling due within one year 227,867 231,804
NET CURRENT ASSETS 232,135 423,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,683

608,626

CREDITORS
Amounts falling due after more than one
year

5

(197,664

)

(275,882

)

PROVISIONS FOR LIABILITIES (7,250 ) (35,122 )
NET ASSETS 179,769 297,622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 179,669 297,522
179,769 297,622

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 her 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.

CASPIAN FILTER TECHNOLOGY LTD (REGISTERED NUMBER: 05171288)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 March 2024 and were signed by:





Mrs T J White - Director


CASPIAN FILTER TECHNOLOGY LTD (REGISTERED NUMBER: 05171288)

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


1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 25% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Website development - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

CASPIAN FILTER TECHNOLOGY LTD (REGISTERED NUMBER: 05171288)

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


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 326,934
Additions 9,677
At 31 December 2023 336,611
DEPRECIATION
At 1 January 2023 141,447
Charge for year 48,033
At 31 December 2023 189,480
NET BOOK VALUE
At 31 December 2023 147,131
At 31 December 2022 185,487

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Fixed asset investments 5,417 -

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 4,530 14,655
Other loans more 5yrs instal - 11,000
4,530 25,655