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REGISTERED NUMBER: 06606184 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

C-tec Germany Limited

C-tec Germany Limited (Registered number: 06606184)






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


C-tec Germany Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr D Kirchhoff





SECRETARY: A. T. (Lytham) Limited





REGISTERED OFFICE: 17-19 Park Street
Lytham
Lancashire
FY8 5LU





REGISTERED NUMBER: 06606184 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

C-tec Germany Limited (Registered number: 06606184)

Balance Sheet
31 December 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Intangible assets 4 3 3
Tangible assets 5 28,363 34,962
28,366 34,965

CURRENT ASSETS
Stocks 145,974 249,343
Debtors 6 152,045 141,460
Prepayments and accrued income 1,809 959
Cash at bank and in hand 309,148 260,486
608,976 652,248
CREDITORS
Amounts falling due within one year 7 33,500 52,469
NET CURRENT ASSETS 575,476 599,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,842

634,744

CAPITAL AND RESERVES
Called up share capital 115 113
Retained earnings 603,727 634,631
SHAREHOLDERS' FUNDS 603,842 634,744

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.

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 25 September 2024 and were signed by:





Mr D Kirchhoff - Director


C-tec Germany Limited (Registered number: 06606184)

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

1. STATUTORY INFORMATION

C-tec Germany 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.

The presentation currency of the financial statements is the Euro (€).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer software - 3 years on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at varying rates on cost

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.

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.

C-tec Germany Limited (Registered number: 06606184)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
€   
COST
At 1 January 2023
and 31 December 2023 5,125
AMORTISATION
At 1 January 2023
and 31 December 2023 5,122
NET BOOK VALUE
At 31 December 2023 3
At 31 December 2022 3

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
€   
COST
At 1 January 2023 64,206
Additions 1,849
At 31 December 2023 66,055
DEPRECIATION
At 1 January 2023 29,244
Charge for year 8,448
At 31 December 2023 37,692
NET BOOK VALUE
At 31 December 2023 28,363
At 31 December 2022 34,962

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade debtors 94,876 83,713
Other debtors 4,500 2,000
Tax 14,647 25,023
VAT 38,022 30,724
152,045 141,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Social security and other taxes 4,533 11,005
Other creditors 3,590 7,375
Directors' current accounts 5,427 10,800
Accruals and deferred income 19,950 23,289
33,500 52,469

C-tec Germany Limited (Registered number: 06606184)

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

8. ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is C-Tec Holding limited, a company registered in England and Wales.