Registered number
10564315
CT Commercial Management Services Ltd
Report and Accounts
31 January 2024
CT Commercial Management Services Ltd
Registered number: 10564315
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,537 22,031
Current assets
Debtors 4 27,488 11,281
Cash at bank and in hand 165,567 148,670
193,055 159,951
Creditors: amounts falling due within one year 5 (56,812) (58,307)
Net current assets 136,243 101,644
Total assets less current liabilities 151,780 123,675
Creditors: amounts falling due after more than one year 6 (10,770) (15,377)
Provisions for liabilities (3,263) (4,186)
Net assets 137,747 104,112
Capital and reserves
Called up share capital 1 1
Profit and loss account 137,746 104,111
Shareholder's funds 137,747 104,112
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C S Tathgar
Director
Approved by the board on 9 October 2024
CT Commercial Management Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 8,919 58,290 67,209
Additions 1,343 - 1,343
At 31 January 2024 10,262 58,290 68,552
Depreciation
At 1 February 2023 5,331 39,847 45,178
Charge for the year 3,226 4,611 7,837
At 31 January 2024 8,557 44,458 53,015
Net book value
At 31 January 2024 1,705 13,832 15,537
At 31 January 2023 3,588 18,443 22,031
4 Debtors 2024 2023
£ £
Trade debtors 16,207 -
Other debtors 11,281 11,281
27,488 11,281
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,608 4,608
Obligations under finance lease and hire purchase contracts - 10,904
Trade creditors 271 15
Taxation and social security costs 37,723 26,947
Other creditors 14,210 15,833
56,812 58,307
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,770 15,377
7 Other information
CT Commercial Management Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/O Vantage Accounting 1 Cedar Office Park
Cobham Road
Wimborne
United Kingdom
BH21 7SB
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