2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 73,873 44,943 12,000 12,000 12,000 xbrli:pure xbrli:shares iso4217:GBP SC724243 2023-03-01 2024-02-29 SC724243 2024-02-29 SC724243 2023-02-28 SC724243 2022-02-23 2023-02-28 SC724243 2023-02-28 SC724243 2022-02-22 SC724243 core:NetGoodwill 2023-03-01 2024-02-29 SC724243 bus:RegisteredOffice 2023-03-01 2024-02-29 SC724243 bus:Director1 2023-03-01 2024-02-29 SC724243 core:ShareCapital 2022-02-23 2023-02-28 SC724243 core:RetainedEarningsAccumulatedLosses 2022-02-23 2023-02-28 SC724243 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 SC724243 core:WithinOneYear 2024-02-29 SC724243 core:WithinOneYear 2023-02-28 SC724243 core:ShareCapital 2024-02-29 SC724243 core:ShareCapital 2023-02-28 SC724243 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC724243 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC724243 core:NetGoodwill 2024-02-29 SC724243 core:NetGoodwill 2023-02-28 SC724243 bus:SmallEntities 2023-03-01 2024-02-29 SC724243 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC724243 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC724243 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC724243 bus:FullAccounts 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: SC724243
CCTC Ltd
Unaudited Financial Statements
29 February 2024
CCTC Ltd
Financial Statements
Year Ended 29 February 2024
Contents
Page
Director's Report
1
Statement of Comprehensive Income
2
Statement of Financial Position
3
Statement of Changes in Equity
4
Notes to the Financial Statements
5
CCTC Ltd
Director's Report
Year Ended 29 February 2024
The director presents his report and the unaudited financial statements of the company for the year ended 29 February 2024 .
Director
The director who served the company during the year was as follows:
Mr Allsop
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 18 April 2025 and signed on behalf of the board by:
Mr Allsop
Director
Registered office:
27 Le Roux Drive
Oldmeldrum
Inverurie
Scotland
AB51 0PJ
CCTC Ltd
Statement of Comprehensive Income
Year Ended 29 February 2024
Period from
Year to
23 Feb 22 to
29 Feb 24
28 Feb 23
Note
£
£
Turnover
120,138
84,218
---------
--------
Gross Profit
120,138
84,218
Administrative expenses
25,121
28,733
---------
--------
Operating Profit
95,017
55,485
---------
--------
Profit Before Taxation
95,017
55,485
Tax on profit
21,144
10,542
--------
--------
Profit for the Financial Year and Total Comprehensive Income
73,873
44,943
--------
--------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
CCTC Ltd
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed Assets
Intangible assets
5
12,000
12,000
Current Assets
Debtors
6
64,338
22,992
Cash at bank and in hand
6,825
3,695
--------
--------
71,163
26,687
Creditors: amounts falling due within one year
7
44,345
33,742
--------
--------
Net Current Assets/(Liabilities)
26,818
( 7,055)
--------
--------
Total Assets Less Current Liabilities
38,818
4,945
--------
-------
Net Assets
38,818
4,945
--------
-------
Capital and Reserves
Called up share capital
2
2
Profit and loss account
38,816
4,943
--------
-------
Shareholders Funds
38,818
4,945
--------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 April 2025 , and are signed on behalf of the board by:
Mr Allsop
Director
Company registration number: SC724243
CCTC Ltd
Statement of Changes in Equity
Year Ended 29 February 2024
Called up share capital
Profit and loss account
Total
£
£
£
At 23 February 2022
Profit for the year
44,943
44,943
----
--------
--------
Total Comprehensive Income for the Year
44,943
44,943
Issue of shares
2
2
Dividends paid and payable
( 40,000)
( 40,000)
----
--------
--------
Total Investments by and Distributions to Owners
2
( 40,000)
( 39,998)
At 28 February 2023
2
4,943
4,945
Profit for the year
73,873
73,873
----
--------
--------
Total Comprehensive Income for the Year
73,873
73,873
Dividends paid and payable
( 40,000)
( 40,000)
----
--------
--------
Total Investments by and Distributions to Owners
( 40,000)
( 40,000)
----
--------
--------
At 29 February 2024
2
38,816
38,818
----
--------
--------
CCTC Ltd
Notes to the Financial Statements
Year Ended 29 February 2024
1. General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 27 Le Roux Drive, Oldmeldrum, Inverurie, AB51 0PJ, Scotland.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible Assets
Goodwill
£
Cost
At 1 March 2023 and 29 February 2024
12,000
--------
Amortisation
At 1 March 2023 and 29 February 2024
--------
Carrying amount
At 29 February 2024
12,000
--------
At 28 February 2023
12,000
--------
6. Debtors
2024
2023
£
£
Other debtors
64,338
22,992
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
21,145
10,542
Other creditors
23,200
23,200
--------
--------
44,345
33,742
--------
--------