CTA 365 Limited 08170403 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the operation of St Michael's Social Club, Eccles Digita Accounts Production Advanced 6.30.9574.0 true true 08170403 2023-07-01 2024-06-30 08170403 2024-06-30 08170403 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 08170403 core:FurnitureFittingsToolsEquipment 2024-06-30 08170403 bus:SmallEntities 2023-07-01 2024-06-30 08170403 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08170403 bus:FilletedAccounts 2023-07-01 2024-06-30 08170403 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08170403 bus:RegisteredOffice 2023-07-01 2024-06-30 08170403 bus:Director16 2023-07-01 2024-06-30 08170403 bus:CompanyLimitedByGuarantee 2023-07-01 2024-06-30 08170403 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 08170403 core:PlantMachinery 2023-07-01 2024-06-30 08170403 countries:EnglandWales 2023-07-01 2024-06-30 08170403 2023-06-30 08170403 core:FurnitureFittingsToolsEquipment 2023-06-30 08170403 2022-07-01 2023-06-30 08170403 2023-06-30 08170403 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08170403 core:FurnitureFittingsToolsEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 08170403

CTA 365 Limited

(A company limited by guarantee)

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

CTA 365 Limited

Contents

Statment of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

CTA 365 Limited

(Registration number: 08170403)
Statment of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,184

6,462

Current assets

 

Stocks

5

3,870

5,744

Cash at bank and in hand

 

4,293

13,215

 

8,163

18,959

Creditors: Amounts falling due within one year

6

(18,158)

(29,489)

Net current liabilities

 

(9,995)

(10,530)

Net liabilities

 

(5,811)

(4,068)

Reserves

 

Retained earnings

(5,811)

(4,068)

Deficit

 

(5,811)

(4,068)

For the financial year ending 30 June 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 February 2025 and signed on its behalf by:
 

.........................................
Mr J B Coxon
Director

   
     
 

CTA 365 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
2 Faber Cottages
Cotton Lane
Cotton
Stoke-on-Trent
ST10 3DN

These financial statements were authorised for issue by the Board on 11 February 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 - 'The Financial Reporting Standard applicable in the UK and Republic if Ireland' and Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statment of financial position 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.

 

CTA 365 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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 machinery

10% Straight-line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

 

CTA 365 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

28,044

28,044

At 30 June 2024

28,044

28,044

Depreciation

At 1 July 2023

21,582

21,582

Charge for the year

2,278

2,278

At 30 June 2024

23,860

23,860

Carrying amount

At 30 June 2024

4,184

4,184

At 30 June 2023

6,462

6,462

5

Stocks

2024
£

2023
£

Bar stock

3,870

5,744

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,457

3,302

Taxation and social security

12,897

13,859

Accruals and deferred income

1,390

1,390

Other creditors

2,414

10,938

18,158

29,489