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REGISTERED NUMBER: 07015298 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CONTRACT TUBES UK LIMITED

CONTRACT TUBES UK LIMITED (REGISTERED NUMBER: 07015298)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CONTRACT TUBES UK LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTOR: G Cooper





REGISTERED OFFICE: 5 Parbrook Close
Torrington Avenue
Coventry
CV4 9XY





REGISTERED NUMBER: 07015298 (England and Wales)






CONTRACT TUBES UK LIMITED (REGISTERED NUMBER: 07015298)

ABRIDGED BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,285 177,004

CURRENT ASSETS
Stocks 111,982 45,293
Debtors 95,819 144,656
Cash at bank 96,667 177,528
304,468 367,477
CREDITORS
Amounts falling due within one year 234,225 267,487
NET CURRENT ASSETS 70,243 99,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,528

276,994

CREDITORS
Amounts falling due after more than one
year

(75,180

)

(129,320

)

PROVISIONS FOR LIABILITIES (22,959 ) (32,322 )
NET ASSETS 107,389 115,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,289 115,252
SHAREHOLDERS' FUNDS 107,389 115,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

CONTRACT TUBES UK LIMITED (REGISTERED NUMBER: 07015298)

ABRIDGED BALANCE SHEET - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2024 and were signed by:





G Cooper - Director


CONTRACT TUBES UK LIMITED (REGISTERED NUMBER: 07015298)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Contract Tubes UK 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

CONTRACT TUBES UK LIMITED (REGISTERED NUMBER: 07015298)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 474,607
Additions 3,889
At 30 September 2023 478,496
DEPRECIATION
At 1 October 2022 297,603
Charge for year 45,608
At 30 September 2023 343,211
NET BOOK VALUE
At 30 September 2023 135,285
At 30 September 2022 177,004

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2022
and 30 September 2023 188,140
DEPRECIATION
At 1 October 2022 112,977
Charge for year 18,791
At 30 September 2023 131,768
NET BOOK VALUE
At 30 September 2023 56,372
At 30 September 2022 75,163

CONTRACT TUBES UK LIMITED (REGISTERED NUMBER: 07015298)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 52,069 68,870

The hire purchase creditor is secured against the asset that it has financed.

6. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.