CTP Contractors Limited 08622382 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is other building completion and finishing. Digita Accounts Production Advanced 6.30.9574.0 true false true 08622382 2022-10-01 2023-09-30 08622382 2023-09-30 08622382 bus:Director1 2023-09-30 08622382 bus:Director2 2023-09-30 08622382 core:RetainedEarningsAccumulatedLosses 2023-09-30 08622382 core:ShareCapital 2023-09-30 08622382 core:CurrentFinancialInstruments 2023-09-30 08622382 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 08622382 core:MotorVehicles 2023-09-30 08622382 core:OtherPropertyPlantEquipment 2023-09-30 08622382 bus:SmallEntities 2022-10-01 2023-09-30 08622382 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08622382 bus:AbridgedAccounts 2022-10-01 2023-09-30 08622382 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08622382 bus:RegisteredOffice 2022-10-01 2023-09-30 08622382 bus:Director1 2022-10-01 2023-09-30 08622382 bus:Director2 2022-10-01 2023-09-30 08622382 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08622382 bus:Agent1 2022-10-01 2023-09-30 08622382 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 08622382 core:ShareCapital 2022-10-01 2023-09-30 08622382 core:MotorVehicles 2022-10-01 2023-09-30 08622382 core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 08622382 core:PlantMachinery 2022-10-01 2023-09-30 08622382 1 2022-10-01 2023-09-30 08622382 countries:UnitedKingdom 2022-10-01 2023-09-30 08622382 2022-09-30 08622382 core:RetainedEarningsAccumulatedLosses 2022-09-30 08622382 core:ShareCapital 2022-09-30 08622382 core:MotorVehicles 2022-09-30 08622382 core:OtherPropertyPlantEquipment 2022-09-30 08622382 2021-10-01 2022-09-30 08622382 2022-09-30 08622382 core:CurrentFinancialInstruments 2022-09-30 08622382 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 08622382 core:MotorVehicles 2022-09-30 08622382 core:OtherPropertyPlantEquipment 2022-09-30 08622382 core:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 08622382 core:ShareCapital 2021-10-01 2022-09-30 08622382 2021-09-30 08622382 core:RetainedEarningsAccumulatedLosses 2021-09-30 08622382 core:ShareCapital 2021-09-30 iso4217:GBP xbrli:pure

Registration number: 08622382

CTP Contractors Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2023

 

CTP Contractors Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 12

 

CTP Contractors Limited

Company Information

Director

X Chen

Registered office

13 Montpelier Avenue
Bexley
Kent
DA5 3AP

Accountants

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

 

CTP Contractors Limited

Director's Report for the Year Ended 30 September 2023

The director presents his report and the abridged financial statements for the year ended 30 September 2023.

Director of the company

The director who held office during the year was as follows:

F Chen (ceased 26 January 2024)

The following director was appointed after the year end:

X Chen (appointed 26 January 2024)

Principal activity

The principal activity of the company is other building completion and finishing.

Small companies provision statement

This report has 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 director on 7 July 2024
 

.........................................
X Chen
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CTP Contractors 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 CTP Contractors Limited for the year ended 30 September 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of CTP Contractors Limited, as a body, in accordance with the terms of our engagement letter dated 28 October 2020. Our work has been undertaken solely to prepare for your approval the accounts of CTP Contractors Limited and state those matters that we have agreed to state to the Board of Directors of CTP Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CTP Contractors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CTP Contractors 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 CTP Contractors Limited. You consider that CTP Contractors 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 CTP Contractors 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.

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

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

7 July 2024

 

CTP Contractors Limited

Abridged Profit and Loss Account for the Year Ended 30 September 2023

Note

2023
£

2022
£

Gross profit

 

60,794

250,269

Administrative expenses

 

(339,200)

(278,518)

Other interest receivable and similar income

 

31

1

Interest payable and similar expenses

 

(13,233)

(2,449)

Loss before tax

4

(291,608)

(30,697)

Loss for the financial year

 

(291,608)

(30,697)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

CTP Contractors Limited

Statement of Comprehensive Income for the Year Ended 30 September 2023

2023
£

2022
£

Loss for the year

(291,608)

(30,697)

Total comprehensive income for the year

(291,608)

(30,697)

 

CTP Contractors Limited

(Registration number: 08622382)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

5

1,569

2,092

Current assets

 

Stocks

6

480,000

265,000

Debtors

7

241,182

178,672

Cash at bank and in hand

 

27,497

23,682

 

748,679

467,354

Creditors: Amounts falling due within one year

(1,065,463)

(495,678)

Net current liabilities

 

(316,784)

(28,324)

Total assets less current liabilities

 

(315,215)

(26,232)

Accruals and deferred income

 

(7,125)

(4,500)

Net liabilities

 

(322,340)

(30,732)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(322,440)

(30,832)

Shareholders' deficit

 

(322,340)

(30,732)

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.

Director's 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 director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 7 July 2024
 

 

CTP Contractors Limited

(Registration number: 08622382)
Abridged Balance Sheet as at 30 September 2023

.........................................
X Chen
Director

 

CTP Contractors Limited

Statement of Changes in Equity for the Year Ended 30 September 2023

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

100

(30,832)

(30,732)

Loss for the year

-

(291,608)

(291,608)

At 30 September 2023

100

(322,440)

(322,340)

Share capital
£

Retained earnings
£

Total
£

At 1 October 2021

100

(135)

(35)

Loss for the year

-

(30,697)

(30,697)

At 30 September 2022

100

(30,832)

(30,732)

 

CTP Contractors Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
13 Montpelier Avenue
Bexley
Kent
DA5 3AP
England

These financial statements were authorised for issue by the director on 7 July 2024.

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 abridged 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 abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

CTP Contractors Limited

Notes to the Unaudited Abridged 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

Plant and machinery

25% reducing balance

Motor vehicle

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

CTP Contractors Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2022 - 16).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

523

698

5

Tangible Assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2022

13,265

5,500

18,765

At 30 September 2023

13,265

5,500

18,765

Depreciation

At 1 October 2022

11,568

5,105

16,673

Charge for the year

424

99

523

At 30 September 2023

11,992

5,204

17,196

Carrying amount

At 30 September 2023

1,273

296

1,569

At 30 September 2022

1,697

395

2,092

6

Stocks

2023
£

2022
£

Work in progress

480,000

265,000

7

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

CTP Contractors Limited

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

2023

2022

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100

       

9

Parent and ultimate parent undertaking

The ultimate controlling party is the director.