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REGISTERED NUMBER: 14680157 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

21 FEBRUARY 2023 TO 28 FEBRUARY 2024

FOR

CIRCA TOR LTD

CIRCA TOR LTD (REGISTERED NUMBER: 14680157)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 FEBRUARY 2023 TO 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CIRCA TOR LTD

COMPANY INFORMATION
FOR THE PERIOD 21 FEBRUARY 2023 TO 28 FEBRUARY 2024







DIRECTORS: Mr M Bjerregaard
Mr B Hayes
Mr R S Weeks





REGISTERED OFFICE: Lower Court
Littlehempston
Totnes
Devon
TQ9 6LU





REGISTERED NUMBER: 14680157 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

CIRCA TOR LTD (REGISTERED NUMBER: 14680157)

BALANCE SHEET
28 FEBRUARY 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 5,400
Tangible assets 5 5,602
11,002

CURRENT ASSETS
Stocks 6 4,000
Debtors 7 1,768
Cash at bank and in hand 7,587
13,355
CREDITORS
Amounts falling due within one year 8 62,859
NET CURRENT LIABILITIES (49,504 )
TOTAL ASSETS LESS CURRENT LIABILITIES (38,502 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (38,602 )
SHAREHOLDERS' FUNDS (38,502 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

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 19 November 2024 and were signed on its behalf by:





Mr M Bjerregaard - Director


CIRCA TOR LTD (REGISTERED NUMBER: 14680157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 FEBRUARY 2023 TO 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Circa Tor 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten 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.

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 - 15% on reducing balance

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

Taxation
Taxation for the period 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 period 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.

CIRCA TOR LTD (REGISTERED NUMBER: 14680157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 FEBRUARY 2023 TO 28 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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.

Going concern
The company expects to meet its day to day working capital requirements by extending its creditor's terms. However, the director is confident that the company will trade out of its current difficulties, and this is supported by representations by the company's director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 6,000
At 28 February 2024 6,000
AMORTISATION
Amortisation for period 600
At 28 February 2024 600
NET BOOK VALUE
At 28 February 2024 5,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 6,591
At 28 February 2024 6,591
DEPRECIATION
Charge for period 989
At 28 February 2024 989
NET BOOK VALUE
At 28 February 2024 5,602

6. STOCKS
£   
Stocks 4,000

CIRCA TOR LTD (REGISTERED NUMBER: 14680157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 FEBRUARY 2023 TO 28 FEBRUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 100
Directors' current accounts 360
Prepayments 1,308
1,768

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,146
Amounts owed to associates 50,136
Social security and other taxes 2,604
VAT 2,431
Other creditors 488
Accrued expenses 2,054
62,859

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2024:

£   
Mr R S Weeks
Balance outstanding at start of period -
Amounts advanced 360
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 360

Loans are unsecured, interest free and repayable on demand.

10. INTERCOMPANY ACCOUNT

During the period the company borrowed from Contigo Tor Ltd and Yonder Tor Ltd, companies Mr M Bjerregaard, Director, is also a Director of, an amount of £23,000 and £25,000 respectively, which remained outstanding at the period end. The loans are unsecured, interest free and repayable on demand.