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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

C Tie (Uk) Limited

C Tie (Uk) Limited (Registered number: 09165303)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C Tie (Uk) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Rooke
Mr J Rooke





REGISTERED OFFICE: Unit 5 Axiom Business Park
41 Balcombe Road
Horley
Surrey
RH6 7HF





REGISTERED NUMBER: 09165303 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

C Tie (Uk) Limited (Registered number: 09165303)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 670 -
Tangible assets 5 92,697 102,939
93,367 102,939

CURRENT ASSETS
Stocks 6 1,788,095 1,669,800
Debtors 7 2,380,272 1,524,974
Cash at bank 282,720 468,369
4,451,087 3,663,143
CREDITORS
Amounts falling due within one year 8 1,620,807 1,251,161
NET CURRENT ASSETS 2,830,280 2,411,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,923,647

2,514,921

CREDITORS
Amounts falling due after more than one
year

9

(158,333

)

(208,333

)

PROVISIONS FOR LIABILITIES 11 (23,175 ) (19,559 )
NET ASSETS 2,742,139 2,287,029

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 2,742,039 2,286,929
SHAREHOLDERS' FUNDS 2,742,139 2,287,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C Tie (Uk) Limited (Registered number: 09165303)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2024 and were signed on its behalf by:





Mr J Rooke - Director


C Tie (Uk) Limited (Registered number: 09165303)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

C Tie (Uk) 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 net invoices sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost and in accordance with the property
Plant and machinery - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 Tie (Uk) Limited (Registered number: 09165303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 April 2023 600,000 - 600,000
Additions - 670 670
At 31 March 2024 600,000 670 600,670
AMORTISATION
At 1 April 2023
and 31 March 2024 600,000 - 600,000
NET BOOK VALUE
At 31 March 2024 - 670 670
At 31 March 2023 - - -

5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 April 2023 3,325 180,812 184,137
Additions - 26,094 26,094
At 31 March 2024 3,325 206,906 210,231
DEPRECIATION
At 1 April 2023 3,325 77,873 81,198
Charge for year - 36,336 36,336
At 31 March 2024 3,325 114,209 117,534
NET BOOK VALUE
At 31 March 2024 - 92,697 92,697
At 31 March 2023 - 102,939 102,939

6. STOCKS
2024 2023
£    £   
Stock in transit 786,434 349,283
Finished goods 1,001,661 1,320,517
1,788,095 1,669,800

C Tie (Uk) Limited (Registered number: 09165303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 838,054 950,434
Amounts owed by group undertakings 490,822 511,189
Amounts owed by participating interests 920,555 -
Other debtors 5,000 3,452
Prepayments 125,841 59,899
2,380,272 1,524,974

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 964,624 545,656
Tax 350,062 168,050
Social security and other taxes 11,101 7,763
VAT 195,833 200,279
Other loans 72,917 247,917
Accrued expenses 22,802 81,496
Other creditors 3,468 -
1,620,807 1,251,161

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 158,333 208,333

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Bank Loan 158,333 208,333

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 23,175 19,559

Deferred
tax
£   
Balance at 1 April 2023 19,559
Provided during year 3,616
Balance at 31 March 2024 23,175

C Tie (Uk) Limited (Registered number: 09165303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750 Ordinary £0.10 75 75
250 Ordinary A £0.10 25 25
100 100

13. CONTINGENT LIABILITIES

The company entered into forward currency hedges. At the year end there was a total of $61,378 open contracts at a booked rate of £51,021-.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling part is Rooke Group Limited