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REGISTERED NUMBER: 07282340 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CTC MOTORS CHESHIRE LTD

CTC MOTORS CHESHIRE LTD (REGISTERED NUMBER: 07282340)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CTC MOTORS CHESHIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs K A Stanyer
N D Stanyer





SECRETARY: Mrs K A Stanyer





REGISTERED OFFICE: Croesnewydd Hall
Wrexham Technology Park
Wrexham
Wrexham
LL13 7YP





REGISTERED NUMBER: 07282340 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Croesnewydd Hall
Wrexham Technology Park
Wrexham
LL13 7YP

CTC MOTORS CHESHIRE LTD (REGISTERED NUMBER: 07282340)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 90,093 87,769

CURRENT ASSETS
Stocks 750,853 565,479
Debtors 6 306,527 278,791
Cash at bank and in hand 53 1,506
1,057,433 845,776
CREDITORS
Amounts falling due within one year 7 957,028 656,865
NET CURRENT ASSETS 100,405 188,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,498

276,680

CREDITORS
Amounts falling due after more than one
year

8

(136,750

)

(169,866

)

PROVISIONS FOR LIABILITIES (18,019 ) (17,554 )
NET ASSETS 35,729 89,260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,629 89,160
35,729 89,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

CTC MOTORS CHESHIRE LTD (REGISTERED NUMBER: 07282340)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





Mrs K A Stanyer - Director


CTC MOTORS CHESHIRE LTD (REGISTERED NUMBER: 07282340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

CTC Motors Cheshire 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. 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.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern
The financial statements have been prepared on a going concern basis as the directors are of the opinion that the Company will be able to pay its liabilities as and when they fall due.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.


CTC MOTORS CHESHIRE LTD (REGISTERED NUMBER: 07282340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued
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.

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 3 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 110,895
Additions 6,266
Disposals (818 )
At 30 June 2024 116,343
DEPRECIATION
At 1 July 2023 23,126
Charge for year 3,942
Eliminated on disposal (818 )
At 30 June 2024 26,250
NET BOOK VALUE
At 30 June 2024 90,093
At 30 June 2023 87,769

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 237,005 220,983
Other debtors 69,522 57,808
306,527 278,791

CTC MOTORS CHESHIRE LTD (REGISTERED NUMBER: 07282340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 61,092 44,300
Hire purchase contracts - 3,061
Trade creditors 274,067 52,450
Taxation and social security 22,024 32,899
Other creditors 599,845 524,155
957,028 656,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 116,978 19,243
Other creditors 19,772 150,623
136,750 169,866

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdrafts 19,004 33,652
Bank loans 159,066 29,891
Hire purchase contracts - 3,061
178,070 66,604

The hire purchase contracts are secured on the assets to which they relate.

The bank loans and overdrafts are secured by a fixed and floating charge over the assets of the company.

The directors have provided their personal residence as a personal guarantee for the provision of bank loan facilities.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
N D Stanyer and Mrs K A Stanyer
Balance outstanding at start of year 47,808 (875 )
Amounts advanced 56,418 64,203
Amounts repaid (61,020 ) (15,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,206 47,808

CTC MOTORS CHESHIRE LTD (REGISTERED NUMBER: 07282340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest of £1,013 has been charged at 2.25% on the balance due by the directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CTC MOTORS CHESHIRE 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 Balance Sheet. 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 CTC Motors Cheshire Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 CTC Motors Cheshire Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CTC Motors Cheshire Ltd and state those matters that we have agreed to state to the Board of Directors of CTC Motors Cheshire 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 CTC Motors Cheshire Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CTC Motors Cheshire 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 loss of CTC Motors Cheshire Ltd. You consider that CTC Motors Cheshire 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 CTC Motors Cheshire 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.






D.R.E. & Co. Limited
Chartered Accountants
Croesnewydd Hall
Wrexham Technology Park
Wrexham
LL13 7YP


12 February 2025