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REGISTERED NUMBER: 08611061 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

CK-Tech Ltd

CK-Tech Ltd (Registered number: 08611061)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


CK-Tech Ltd

Company Information
for the Year Ended 31 July 2024







Directors: K Stubberfield
Mrs D Stubberfield





Registered office: Regent House
Welbeck Way
Peterborough
England
PE2 7WH





Business address: 2 Orchard Drive
West Walton
Wisbech
Cambridgeshire
PE14 7EZ





Registered number: 08611061 (England and Wales)





Accountants: Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
CK-Tech Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CK-Tech Ltd for the year ended 31 July 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CK-Tech Ltd, as a body, in accordance with the terms of our engagement letter dated 6 January 2023. Our work has been undertaken solely to prepare for your approval the financial statements of CK-Tech Ltd and state those matters that we have agreed to state to the Board of Directors of CK-Tech Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CK-Tech Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CK-Tech Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CK-Tech Ltd. You consider that CK-Tech Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CK-Tech Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX


5 February 2025

CK-Tech Ltd (Registered number: 08611061)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 1,083,939 673,747

Current assets
Stocks 49,495 -
Debtors 6 394,084 277,049
Cash at bank and in hand 152,244 299,317
595,823 576,366
Creditors
Amounts falling due within one year 7 377,821 320,141
Net current assets 218,002 256,225
Total assets less current liabilities 1,301,941 929,972

Creditors
Amounts falling due after more than one
year

8

(280,832

)

(33,599

)

Provisions for liabilities (51,257 ) (43,986 )
Net assets 969,852 852,387

Capital and reserves
Called up share capital 100 100
Retained earnings 969,752 852,287
969,852 852,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

CK-Tech Ltd (Registered number: 08611061)

Statement of Financial Position - continued
31 July 2024


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 8 January 2025 and were signed on its behalf by:




K Stubberfield - Director



Mrs D Stubberfield - Director


CK-Tech Ltd (Registered number: 08611061)

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


1. Statutory information

CK-Tech 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 value added tax.

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
Motor vehicles - 15% on reducing balance
Computer equipment - 33% 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CK-Tech Ltd (Registered number: 08611061)

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


3. 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.

Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

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.

4. Employees and directors

The average number of employees during the year was 31 (2023 - 25 ) .

5. Tangible fixed assets
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 August 2023 456,427 176,969 225,812 18,623 877,831
Additions 383,589 57,346 17,995 3,222 462,152
Disposals - (9,943 ) (9,700 ) (3,989 ) (23,632 )
At 31 July 2024 840,016 224,372 234,107 17,856 1,316,351
Depreciation
At 1 August 2023 - 89,861 104,852 9,371 204,084
Charge for year - 20,980 20,012 3,740 44,732
Eliminated on disposal - (4,568 ) (8,386 ) (3,450 ) (16,404 )
At 31 July 2024 - 106,273 116,478 9,661 232,412
Net book value
At 31 July 2024 840,016 118,099 117,629 8,195 1,083,939
At 31 July 2023 456,427 87,108 120,960 9,252 673,747

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 282,791 277,049
Other debtors 111,293 -
394,084 277,049

CK-Tech Ltd (Registered number: 08611061)

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


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 82,698 -
Hire purchase contracts (see note 9) 12,295 13,960
Trade creditors 125,748 135,564
Taxation and social security 143,407 162,322
Other creditors 13,673 8,295
377,821 320,141

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 259,528 -
Hire purchase contracts (see note 9) 21,304 33,599
280,832 33,599

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 197,348 -

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,295 13,960
Between one and five years 21,304 33,599
33,599 47,559

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,702 3,702
Between one and five years 987 4,689
4,689 8,391

CK-Tech Ltd (Registered number: 08611061)

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


10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 342,226 -
Hire purchase contracts 33,599 47,559
375,825 47,559

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
K Stubberfield and Mrs D Stubberfield
Balance outstanding at start of year - 49,898
Amounts advanced 53,689 -
Amounts repaid - (49,898 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,689 -