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REGISTERED NUMBER: 09876398 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Ctrl Systems Ltd

Ctrl Systems Ltd (Registered number: 09876398)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ctrl Systems Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr M C Page
Mr M D Hawes





REGISTERED OFFICE: A5 Risby Business Park
Newmarket Road
Risby
Bury St Edmunds
Suffolk
IP28 6RD





REGISTERED NUMBER: 09876398 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Ctrl Systems Ltd (Registered number: 09876398)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 155 432
Tangible assets 5 115,830 57,276
115,985 57,708

CURRENT ASSETS
Stocks 38,562 63,147
Debtors 6 188,495 326,400
Cash at bank and in hand 574,852 665,290
801,909 1,054,837
CREDITORS
Amounts falling due within one year 7 225,644 408,365
NET CURRENT ASSETS 576,265 646,472
TOTAL ASSETS LESS CURRENT LIABILITIES 692,250 704,180

CREDITORS
Amounts falling due after more than one
year

8

-

(25,273

)

PROVISIONS FOR LIABILITIES 11 (25,049 ) (8,814 )
NET ASSETS 667,201 670,093

CAPITAL AND RESERVES
Called up share capital 12 2 1
Retained earnings 667,199 670,092
667,201 670,093

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

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

Ctrl Systems Ltd (Registered number: 09876398)

Balance Sheet - continued
31 August 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 18 March 2025 and were signed on its behalf by:




Mr M D Hawes - Director



Mr M C Page - Director


Ctrl Systems Ltd (Registered number: 09876398)

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

1. STATUTORY INFORMATION

Ctrl Systems 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 discounts, rebates, value added tax and other sales taxes.

Income is recognised following the supply of goods or service. Income from services is recognised over the period of the service contract. Incomplete and uninvoiced work done is also recognised once the company has obtained the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Machinery & computer equipment - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% 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 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.


Ctrl Systems Ltd (Registered number: 09876398)

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

2. 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
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 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.

Ctrl Systems Ltd (Registered number: 09876398)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
"The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously."

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Ctrl Systems Ltd (Registered number: 09876398)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 5,350 1,386 6,736
AMORTISATION
At 1 September 2023 5,350 954 6,304
Charge for year - 277 277
At 31 August 2024 5,350 1,231 6,581
NET BOOK VALUE
At 31 August 2024 - 155 155
At 31 August 2023 - 432 432

5. TANGIBLE FIXED ASSETS
Machinery Fixtures
& computer and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 22,984 7,446 122,255 152,685
Additions 4,008 - 72,190 76,198
Disposals - (175 ) - (175 )
At 31 August 2024 26,992 7,271 194,445 228,708
DEPRECIATION
At 1 September 2023 18,380 6,427 70,602 95,409
Charge for year 2,724 711 14,209 17,644
Eliminated on disposal - (175 ) - (175 )
At 31 August 2024 21,104 6,963 84,811 112,878
NET BOOK VALUE
At 31 August 2024 5,888 308 109,634 115,830
At 31 August 2023 4,604 1,019 51,653 57,276

Ctrl Systems Ltd (Registered number: 09876398)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 108,307
Transfer to ownership (53,865 )
At 31 August 2024 54,442
DEPRECIATION
At 1 September 2023 61,066
Charge for year 6,839
Transfer to ownership (33,987 )
At 31 August 2024 33,918
NET BOOK VALUE
At 31 August 2024 20,524
At 31 August 2023 47,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 174,356 315,307
Other debtors 14,139 11,093
188,495 326,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 25,273 28,248
Trade creditors 38,860 65,355
Taxation and social security 88,763 190,878
Other creditors 72,748 123,884
225,644 408,365

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 25,273

Ctrl Systems Ltd (Registered number: 09876398)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 25,273 28,248
Between one and five years - 25,273
25,273 53,521

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,914 25,654
Between one and five years 4,500 24,414
24,414 50,068

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 25,273 53,521

The hire purchase liabilities are secured against the assets financed under the agreement.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 25,049 8,814

Deferred
tax
£   
Balance at 1 September 2023 8,814
Movement in the year 16,235
Balance at 31 August 2024 25,049

Ctrl Systems Ltd (Registered number: 09876398)

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

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal Value: 2024 2023
£ £

100 Ordinary A £0.01 1 1
25 Ordinary B £0.01 - -
25 Ordinary C £0.01 - -
25 Ordinary D £0.01 1 -

2 1

The following shares were issued during the year for cash at par:

25 Ordinary ''B'' shares of £0.01
25 Ordinary ''C'' shares of £0.01
50 Ordinary ''D'' shares of £0.01