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REGISTERED NUMBER: 02554122 (England and Wales)

























Unaudited Financial Statements for the Year Ended 30 June 2024

for

C.T.S. (Midlands) Limited

C.T.S. (Midlands) Limited (Registered number: 02554122)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


C.T.S. (Midlands) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A J Smith
Mrs P B Smith





SECRETARY: Mrs P B Smith





REGISTERED OFFICE: IN Accountancy Limited
Unit 2, Station View
stockport
Cheshire
SK7 5ER





REGISTERED NUMBER: 02554122 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

C.T.S. (Midlands) Limited (Registered number: 02554122)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,715 22,866
Investments 5 136,798 344,535
Investment property 6 1,200,000 1,200,000
1,363,513 1,567,401

CURRENT ASSETS
Debtors 7 257,516 176,078
Cash at bank 341,697 304,078
599,213 480,156
CREDITORS
Amounts falling due within one year 8 150,895 231,345
NET CURRENT ASSETS 448,318 248,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,811,831

1,816,212

PROVISIONS FOR LIABILITIES 7,737 7,021
NET ASSETS 1,804,094 1,809,191

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,803,994 1,809,091
SHAREHOLDERS' FUNDS 1,804,094 1,809,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.T.S. (Midlands) Limited (Registered number: 02554122)

Balance Sheet - continued
30 June 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 14 October 2024 and were signed on its behalf by:




Mrs P B Smith - Director



A J Smith - Director


C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

C.T.S. (Midlands) 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 69,493
Additions 14,663
At 30 June 2024 84,156
DEPRECIATION
At 1 July 2023 46,627
Charge for year 10,814
At 30 June 2024 57,441
NET BOOK VALUE
At 30 June 2024 26,715
At 30 June 2023 22,866

C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 344,535
Additions 4,634
Disposals (223,439 )
Revaluations 11,068
At 30 June 2024 136,798
NET BOOK VALUE
At 30 June 2024 136,798
At 30 June 2023 344,535

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2024 11,068
Cost 125,730
136,798

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,200,000
NET BOOK VALUE
At 30 June 2024 1,200,000
At 30 June 2023 1,200,000

C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2005 277,641
Valuation in 2007 116,000
Valuation in 2008 24,459
Valuation in 2010 (140,459 )
Valuation in 2011 (200,000 )
Valuation in 2014 (35,000 )
Valuation in 2019 335,000
Cost 822,359
1,200,000

7. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 6,132 9,818
Other debtors 86,611 1,487
92,743 11,305

Amounts falling due after more than one year:
Other debtors 164,773 164,773

Aggregate amounts 257,516 176,078

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 20,959 14,316
Taxation and social security 3,919 7,356
Other creditors 126,017 209,673
150,895 231,345

9. RELATED PARTY DISCLOSURES

The Director, A J Smith, holds a controlling interest in Greenhill Farms (Twycross) Limited.

The company is owed £164,773 (2023 £164,773) from Greenhill Farms (Twycross) Limited at the balance sheet date.

C.T.S. (Midlands) Limited (Registered number: 02554122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors acting in concert.