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REGISTERED NUMBER: 12078646 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

CTM INTERIORS LTD

CTM INTERIORS LTD (Registered number: 12078646)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


CTM INTERIORS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C I MORTON





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 12078646 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

CTM INTERIORS LTD (Registered number: 12078646)

Report of the Director
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
C I MORTON held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C I MORTON - Director


1 November 2024

CTM INTERIORS LTD (Registered number: 12078646)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2024

31/3/24 31/3/23
Notes £    £   

TURNOVER 37,220 22,630

Cost of sales 28,136 12,438
GROSS PROFIT 9,084 10,192

Administrative expenses 12,532 12,699
OPERATING LOSS and
LOSS BEFORE TAXATION (3,448 ) (2,507 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (3,448 ) (2,507 )

Retained earnings at beginning of year 12,181 14,688

RETAINED EARNINGS AT END OF YEAR 8,733 12,181

CTM INTERIORS LTD (Registered number: 12078646)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,125 16,625

CURRENT ASSETS
Debtors 6 14,844 11,444
Cash at bank and in hand 3,369 1,138
18,213 12,582
CREDITORS
Amounts falling due within one year 7 23,604 17,025
NET CURRENT LIABILITIES (5,391 ) (4,443 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,734 12,182

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8,733 12,181
SHAREHOLDERS' FUNDS 8,734 12,182

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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 November 2024 and were signed by:





C I MORTON - Director


CTM INTERIORS LTD (Registered number: 12078646)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CTM INTERIORS 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.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

31/3/24 31/3/23
£    £   
Depreciation - owned assets 2,500 2,500

CTM INTERIORS LTD (Registered number: 12078646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 24,125
DEPRECIATION
At 1 April 2023 7,500
Charge for year 2,500
At 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 14,125
At 31 March 2023 16,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
CIS Tax suffered 14,844 11,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 4 -
Tax 1,614 1,614
Directors' current accounts 20,066 13,491
Accrued expenses 1,920 1,920
23,604 17,025