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REGISTERED NUMBER: 11813605 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CGT SALES LTD

CGT SALES LTD (REGISTERED NUMBER: 11813605)






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


CGT SALES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs P L C Baldwin
Mr D J C Baldwin
Mr N Davenport





REGISTERED OFFICE: 119 Promenade
Cheltenham
Gloucestershire
GL50 1NW





REGISTERED NUMBER: 11813605 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

CGT SALES LTD (REGISTERED NUMBER: 11813605)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,506 -

CURRENT ASSETS
Debtors 5 53,364 11,373
Cash at bank 11,988 29,106
65,352 40,479
CREDITORS
Amounts falling due within one year 6 (63,622 ) (46,090 )
NET CURRENT ASSETS/(LIABILITIES) 1,730 (5,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,236

(5,611

)

CREDITORS
Amounts falling due after more than one
year

7

(7,500

)

(10,000

)
NET LIABILITIES (3,264 ) (15,611 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (3,266 ) (15,613 )
SHAREHOLDERS' FUNDS (3,264 ) (15,611 )

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.

CGT SALES LTD (REGISTERED NUMBER: 11813605)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mr D J C Baldwin - Director



Mrs P L C Baldwin - Director


CGT SALES LTD (REGISTERED NUMBER: 11813605)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CGT Sales Ltd 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 Pound Sterling (£).


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.

The company had net liabilities at 31st March 2021 and is reliant on the support of the directors. It is the intention of the directors to support the company for the foreseeable future and therefore these accounts have been prepared on a going concern basis.

Significant judgements and estimates
No significant judgements nor estimations have been used in preparing the financial statements.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

CGT SALES LTD (REGISTERED NUMBER: 11813605)

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 5 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,563
At 31 March 2024 2,563
DEPRECIATION
Charge for year 57
At 31 March 2024 57
NET BOOK VALUE
At 31 March 2024 2,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,519 500
Other debtors 11,845 10,873
53,364 11,373

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 7,500
Trade creditors 1,941 5,232
Taxation and social security 29,219 6,095
Other creditors 27,462 27,263
63,622 46,090

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 10,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2