Registered number:
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
COMPANY INFORMATION
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CEETAK HOLDINGS LIMITED
CONTENTS
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CEETAK HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024
Ceetak are a leading designer and recognised supplier of sealing solutions and heat-sealing systems. The business is supporting some of the most challenging applications across a multitude of industries on a global scale, the Group continues its development in key sectors. These include medical, bio-pharm, internal combustion engines (ICE), alternative mobility technologies, energy, process and high-end industrial sectors.
Critical industry applications provide the focus for application engineering solutions, with the Group specifying products of the highest quality standards. This is complemented by value added supply and commercial solutions which underpin the fundamental strengths of the business, as do all employees who are continuously encouraged to engage across the Group. A strong and committed management team are dedicated in pushing operational performance and supporting the senior leadership in the implementation of strategy across the business. Ceetak proudly celebrated a milestone of 50 years in business during 2024, with events involving all locations to recognise this significant achievement.
As reported in the Group's statement of income and retained earnings, the Group maintained strong sales and healthy profitability. Contributions being spread over multiple industries in which the Group operate, with critical industry applications of the future being the focus of the business.
Financial position at the reporting date The statement of financial position shows that the Group's net assets at the year-end have increased from £18.83M to £21.65M. The directors consider that the Group is well placed to continue steady growth in sales and profits in the coming financial year. Future outlook Ceetak customers operate in both traditional and fast evolving markets, the Group benefits from its existing client relationships. Customers are innovative with their own product portfolios and choose Ceetak’s trusted application engineering to push boundaries of sealing capabilities to provide effective solutions. Ceetak’s longevity and strength in delivering resolutions provides a high level of customer confidence in our technical expertise. Relationships with manufacturing partners continue to be key to the product portfolio with the Group dynamically working through evolving application requirements and compliance with European material legislations. Our stakeholders present opportunities for future co-operation and to intrinsically design with innovation to offer greener alternatives for our customers. Ceetak maintains memberships to various industry bodies. These include Automate (formally Process Packaging Machinery Association), as well as the European Sealing Association (ESA) and European Seals and Gaskets Association (EUSGA). This continues to provide great insight into both industry drivers and technical developments. Ceetak’s Quality Management System remains the foundation for all Group activities. Internal audits as well as ISO external examination and a management culture of continuous improvement underpin future business growth and drive efficiencies. The Group continues to maintain ISO 9001:2015 and ISO 134585:2016 Quality Management Systems, plus ISO 14001:2015 Environmental Management System. In addition, automotive industry standard IATF16949 plays an important part in guiding activities within the Group and manufacturing partners.
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CEETAK HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Value added logistic solutions continue to offer an advantage over our competitors. We tailor logistical needs around the customer to ensure that forecasts are planned, stock is available and customer needs are fulfilled. The ability to offer dedicated stock against customer contracts enable customers to trust in our approach, particularly within an ongoing volatile marketplace.
A strategic decision was taken three years ago, to establish a new warehouse and logistics facility in the Netherlands, which has been operating with great success. Closer proximity to customers has been key in developing efficient logistical solutions, and the Group see this being an important supporting pillar for the future. The Heat Sealing Division achieved a record year of growth, with strong contributions from the food processing sector. This has further raised Ceetak’s profile within this sector across UK and Europe and presents vast opportunities for growth, specifically utilising the Group’s patented QPH technology. Medical and bio-pharmaceutical accounts continue to be a contributor to business diversity, it is anticipated that this will provide growth in the future. Industry trends are focused on reducing the use of packaging, through thinner gauge films, bio-degradable materials, and other optimising innovations. Ceetak’s application engineering expertise and ability to test different heat-sealing solutions with in-house development machines will be fundamental to supporting customer product developments and generating new opportunities for future growth. IT Business Systems facilitate daily operations and provide scope for future innovation within the Group. CRM software continues to be embraced within the Group, this has provided a dynamic approach for sales whilst enabling adaptability for customer needs. The Group ERP system has been embedded within the Dutch operation and supports efficient operations. Further development of ERP will be a focus for the future, to support further efficiencies of the operation. The Group has embraced Environmental, Social and Governance (ESG) initiatives, and proudly achieved a bronze award from the respected company Ecovardis, placing Ceetak in the top 35% of companies for environmental sustainability management. Ceetak align their approach to the guiding principles of UN Global Development Goals. The Group will continue to challenge itself, its’ suppliers and customers to consider how their business impacts on the environment, employees, society. Positioning Ceetak and its brand within its selected marketspace has always been of importance to the leadership of the Group and has taken many forms. As digital media has developed, the Group have invested significantly to ensure professional presentation of the business, its capabilities and product offerings are communicated. Multiple forms of social medial will continue to be utilised in the future, including the recently developed seals website which has proved successful in generating new customer opportunities. Ceetak’s ability to respond to changing market conditions in an agile way and entrepreneurial spirit continues to serve the Group well. The Management Team offer comprehensive knowledge and industry experience bringing strength in the depth and commitment to continuous operational development. Senior leaders are supported in developing and implementing Group strategy. Our employees are valued within the business and the Senior Team cultivate a culture of learning, training and respect. Principal risks and uncertainties Ceetak operate on a global basis and as such must be mindful of geopolitical issues that are present in the world today, from both a strategic and operational perspective. The evolution of traditional industries embracing new technologies has required the Group to ensure focus covers all appropriate applications. This has been particularly true of the automotive industry evolving towards hybrid and electric vehicle technology.
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CEETAK HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Raw material supply challenges have eased, although a small number of challenges within specific grades require close monitoring. The Group benefit from strong relationships with its supply base.
The impact of the ongoing war in Ukraine has reduced significantly as supply chains have adapted to the new landscape. Financial risk management Ceetak are operating in a number of geographical areas which has assisted in mitigating the financial risk particularly, in foreign exchange as set out below. • Foreign exchange risk The Group operates internationally and is exposed to foreign exchange rate volatility arising primarily with the US Dollar and the Euro. The risk occurs through current commercial transactions and although there is a risk to our operating margins, the risk is managed in ways, by matching income and costs and monitoring closely currency fluctuations. • Credit risk Credit risk is the potential loss arising from failure of customers, who are unable to fulfil their obligations as and when they fall due. The Group has implemented policies that require appropriate credit checks on potential customers before sales are made and minimising credit exposure. All cash deposits are made with reputable financial institutions. • Liquidity risk As with all businesses, liquidity is a key risk. The Group is in a strong position and able to provide sufficient funds for future growth and investment.
The Group reviews its outputs through KPI's in areas of financial performance, customer service, manufacturing supply performance, its environmental footprint and employee engagement through personal development plans, incorporating training, welfare and opportunity to progress.
During this last financial year, the Group has continued to operate customer feedback surveys which provide important KPI’s. Responses continue to be positive, and feedback is used to continually develop service levels. Turnover Turnover increased by 1.8% to £25.1M from the previous year. The Directors consider the performance remains strong as the business has maintained the significant growth achieved in 2023 (14.3%) with a further increase. Return on turnover This shows the ratio of profit on ordinary activities before taxation to turnover as a percentage. The Group continues to demonstrate a healthy return of 16.4%. Gross profit to cost of sales This is where we measure the percentage of sales against the cost of goods sold. This remains in a positive situation with growth achieved through activities in key markets. Debtor days This measures the number of days that have monies are due from our customers. Debtor days have risen to 56 days (47 days in 2023) however this does not concern the business as tight controls are in place.
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CEETAK HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Stock turn ratio
The Group targeted an inventory level increase for FY 2024 and this was met. The business will continue to evaluate the stock holding requirements in order to support Customer Service and On-Time Deliveries to meet customers’ requirements. The stock turn was 3.07 for FY 2024.
This report was approved by the board on 20 March 2025 and signed on its behalf.
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CEETAK HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The directors present their report and the financial statements for the year ended 30 June 2024.
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
sealing components and systems.
The profit for the year, after taxation, amounted to £3,104,324 (2023 - £3,431,309).
Ordinary dividends were paid amounting to £281,218 (2023 - £287,821). The directors do not recommend payment of a further dividend.
The directors who served during the year were:
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CEETAK HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
There have been no significant events affecting the Group since the year end.
Under section 487(2) of the Companies Act 2006, Price Bailey LLP will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board on
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CEETAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEETAK HOLDINGS LIMITED
We have audited the financial statements of Ceetak Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 30 June 2024, which comprise the Consolidated Statement of Income and Retained Earnings, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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CEETAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEETAK HOLDINGS LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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CEETAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEETAK HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Company and the industry in which they operate and considered the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations. This included those regulations directly related to the financial statements, including financial reporting, tax legislation and distributable profits and industry regulations including GDPR, employment law and health and safety. We communicated the identified laws and regulations with the audit team and remained alert to any indications of non-compliance throughout the audit. We carried out specific procedures to address the risks identified. These included the following: - agreeing the financial statement disclosures to underlying supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; - enquiries of management including those responsible for key regulations; - performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and - we obtained an understanding of the legal and regulatory requirements applicable to the Group and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council, UK taxation legislation and rules and regulations as prescribed by the Financial Conduct Authority. In addressing the risk of management override of controls, we carried out testing of journal entries and other adjustments for appropriateness, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of significant transactions outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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CEETAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CEETAK HOLDINGS LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Tennyson House
Cambridge Business Park
CB4 0WZ
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CEETAK HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
REGISTERED NUMBER: 01001255
CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2025.
The notes on pages 16 to 31 form part of these financial statements.
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CEETAK HOLDINGS LIMITED
REGISTERED NUMBER: 01001255
COMPANY BALANCE SHEET
AS AT 30 JUNE 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 16 to 31 form part of these financial statements.
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CEETAK HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Ceetak Holdings Limited is a private company domiciled and incorporated in England and Wales. The registered office amd trading address is Fraser Road, Priory Business Park, Bedford, Bedfordshire, MK44 3WH.
The Group consists of Ceetak Holdings Limited and all of its subsidiaries. The level of rounding applied in these financial statements is to the nearest GBP.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Income and Retained Earnings in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Income and Retained Earnings from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 July 2015.
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and - Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, at varying rates:.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Group becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties
The Group only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Estimates and judgements are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. Details of the group's significant accounting judgements and critical accounting estimates include: Impairment of stock Management have assessed the need to write off or provide against any specific items based on the levels held at period end and the expected sales of such items in the immediate period post year end. Management take into account historic sales data at the date the estimate is made. Impairment of trade debtors The recoverability of trade debtors has been assessed at the year end and up until the date of signing these financial statements. Management have based the decision to provide for any amounts based on their judgement of all the available information and their experience of the specific nature of the trade debtor in question
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Analysis of turnover by country of destination:
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
14.Tangible fixed assets (continued)
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Profit and loss account
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £323,836 (2023 - £355,053), contributions totalling £30,880 (2023 - £28,672) were payable to the fund at the balance sheet date and are included in creditors.
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CEETAK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The company and group were under control of
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