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Registration number: 08665196

CTLD Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 August 2024

 

CTLD Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

CTLD Limited

(Registration number: 08665196)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

5

 

173,664

 

50,270

Current assets

   

 

Debtors

6

81,759

 

110,274

 

Cash at bank and in hand

 

258,603

 

279,379

 

 

340,362

 

389,653

 

Creditors: Amounts falling due within one year

7

(41,081)

 

(13,378)

 

Net current assets

   

299,281

 

376,275

Total assets less current liabilities

   

472,945

 

426,545

Creditors: Amounts falling due after more than one year

7

 

(12,231)

 

(22,435)

Provisions for liabilities

 

(18,923)

 

(6,979)

Net assets

   

441,791

 

397,131

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

441,691

 

397,031

 

Total equity

   

441,791

 

397,131

 

CTLD Limited

(Registration number: 08665196)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
Ms C.T. Lawson
Director

 

CTLD Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
59 Newbiggin
Richmond
North Yorkshire
DL10 4DX
United Kingdom

These financial statements were authorised for issue by the Board on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

CTLD Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

15% on cost

Fixtures and fittings

15% on cost

Motor vehicles

25% reducing balance

Leasehold improvements

5% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

five years

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

CTLD Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

10,000

10,000

At 31 August 2024

10,000

10,000

Amortisation

At 1 September 2023

10,000

10,000

At 31 August 2024

10,000

10,000

Carrying amount

At 31 August 2024

-

-

5

Tangible assets

Leasehold Improvements
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 September 2023

16,923

26,963

10,500

141,277

195,663

Additions

89,771

2,524

56,907

6,937

156,139

At 31 August 2024

106,694

29,487

67,407

148,214

351,802

Depreciation

At 1 September 2023

3,385

23,870

9,099

109,036

145,390

Charge for the year

5,335

1,282

14,577

11,554

32,748

At 31 August 2024

8,720

25,152

23,676

120,590

178,138

Carrying amount

At 31 August 2024

97,974

4,335

43,731

27,624

173,664

At 31 August 2023

13,538

3,093

1,401

32,238

50,270

 

CTLD Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

4,142

2,283

Prepayments

72,293

98,292

Other debtors

5,324

9,699

 

81,759

110,274

7

Creditors

2024
£

2023
£

Due within one year

Loans and borrowings

10,204

9,952

Taxation and social security

3,066

726

Other creditors

27,811

2,700

41,081

13,378

Due after one year

Loans and borrowings

12,231

22,435