Company registration number 09052345 (England and Wales)
CT SKILLS TRUSTEE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
CT SKILLS TRUSTEE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
CT SKILLS TRUSTEE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
20,000
20,000
Cash at bank and in hand
1
1
20,001
20,001
Creditors: amounts falling due within one year
4
(40,000)
(40,000)
Net current liabilities
(19,999)
(19,999)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(20,000)
(20,000)
Total equity
(19,999)
(19,999)
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 October 2024 and are signed on its behalf by:
Mr A J Ford
Director
Company registration number 09052345 (England and Wales)
CT SKILLS TRUSTEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information
CT Skills Trustee Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte House, Stanier Way, The Wyvern Business Park, Derby, DE21 6BF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
20,000
20,000
CT SKILLS TRUSTEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
40,000
40,000
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
6
Related party transactions
During the period a loan existed between the company and its parent company, CT Skills (Holdings) Limited, the amount owed to CT Skills (Holdings) Limited at 31 January 2024 was £40,000 (2023: £40,000). This loan is unsecured, non interest bearing and repayable on demand.
During the period a loan existed between the company and CT Skills Employee Benefit Trust. This advance is unsecured, non interest bearing and repayable on demand. Following an impairment review, the advance is stated at its recoverable amount of £20,000 (2023: £20,000). The company is the corporate trustee of CT Skills Employee Benefit Trust.
7
Parent company
The immediate and ultimate parent company is CT Skills (Holdings) Limited, a company incorporated in England and Wales.