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Company registration number: 01412411

CTF-Trading Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 September 2023

 

CTF-Trading Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

CTF-Trading Limited

Company Information

Directors

Mr A T Bryant

Ms S Massey

Company secretary

Mr A T Bryant

Registered office

7 Waterside Court
St. Helens
Merseyside
WA9 1UA

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
CTF-Trading Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CTF-Trading Limited for the year ended 30 September 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of CTF-Trading Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CTF-Trading Limited and state those matters that we have agreed to state to the Board of Directors of CTF-Trading Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CTF-Trading Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CTF-Trading Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CTF-Trading Limited. You consider that CTF-Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CTF-Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

25 September 2024

 

CTF-Trading Limited

(Registration number: 01412411)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

161,945

164,454

Investments

6

245,000

245,000

 

406,945

409,454

Current assets

 

Debtors

7

15,254

22,017

Other financial assets

13,001

11,476

Cash at bank and in hand

 

8,725

1,960

 

36,980

35,453

Creditors: Amounts falling due within one year

8

(143,372)

(140,539)

Net current liabilities

 

(106,392)

(105,086)

Net assets

 

300,553

304,368

Capital and reserves

 

Called up share capital

100

100

Retained earnings

300,453

304,268

Shareholders' funds

 

300,553

304,368

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
Ms S Massey
Director

   
     
 

CTF-Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Waterside Court
St. Helens
Merseyside
WA9 1UA
England

The principal place of business is:
Cherry Tree Farm
Pine View
Winstanley
Wigan
Lancashire
WN3 6DF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue comprises the fair value of the sale of goods and services net of value added tax, rebates and discounts. Sales of goods and services are recognised when the company has delivered the goods and services to the customer and they are accepted. Revenue also comprises of income derived from investments.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

CTF-Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold property

2% straight line

Plant and machinery

25% straight line

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

2,644

4,015

 

CTF-Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Tangible assets

Long leasehold property
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2022

198,786

97,721

296,507

Additions

-

135

135

Disposals

-

(992)

(992)

At 30 September 2023

198,786

96,864

295,650

Depreciation

At 1 October 2022

34,389

97,664

132,053

Charge for the year

2,553

91

2,644

Eliminated on disposal

-

(992)

(992)

At 30 September 2023

36,942

96,763

133,705

Carrying amount

At 30 September 2023

161,844

101

161,945

At 30 September 2022

164,397

57

164,454

6

Investments

2023
£

2022
£

Investments in subsidiaries

245,000

245,000

Subsidiaries

£

Cost or valuation

At 1 October 2022

1,128,292

Provision

At 1 October 2022

883,292

Carrying amount

At 30 September 2023

245,000

At 30 September 2022

245,000

 

CTF-Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Other investments

The market value of the listed investments at 30 September 2023 was £13,001 (2022 - £11,476).

7

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

14,547

18,816

Other debtors

 

707

3,201

 

15,254

22,017

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

634

-

Other creditors

142,738

140,539

143,372

140,539