IRIS Accounts Production v25.1.3.33 09941376 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099413762024-01-31099413762025-01-31099413762024-02-012025-01-31099413762023-01-31099413762023-02-012024-01-31099413762024-01-3109941376ns15:EnglandWales2024-02-012025-01-3109941376ns14:PoundSterling2024-02-012025-01-3109941376ns10:Director12024-02-012025-01-3109941376ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3109941376ns10:SmallEntities2024-02-012025-01-3109941376ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3109941376ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3109941376ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3109941376ns10:FullAccounts2024-02-012025-01-3109941376ns10:Director22024-02-012025-01-3109941376ns10:RegisteredOffice2024-02-012025-01-3109941376ns5:CurrentFinancialInstruments2025-01-3109941376ns5:CurrentFinancialInstruments2024-01-3109941376ns5:Non-currentFinancialInstruments2025-01-3109941376ns5:Non-currentFinancialInstruments2024-01-3109941376ns5:ShareCapital2025-01-3109941376ns5:ShareCapital2024-01-3109941376ns5:RetainedEarningsAccumulatedLosses2025-01-3109941376ns5:RetainedEarningsAccumulatedLosses2024-01-3109941376ns5:PlantMachinery2024-02-012025-01-3109941376ns5:MotorVehicles2024-02-012025-01-3109941376ns5:ComputerEquipment2024-02-012025-01-3109941376ns5:PlantMachinery2024-01-3109941376ns5:PlantMachinery2025-01-3109941376ns5:PlantMachinery2024-01-3109941376ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3109941376ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3109941376ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-01-3109941376ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3109941376ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-01-3109941376ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3109941376ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-01-3109941376ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-31
REGISTERED NUMBER: 09941376 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

CTS Motorsport Ltd

CTS Motorsport Ltd (Registered number: 09941376)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CTS Motorsport Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: J E Curry
M G Ashman





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 09941376 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

CTS Motorsport Ltd (Registered number: 09941376)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 15,988 21,428

CURRENT ASSETS
Debtors 5 5,600 8,837
Cash at bank 25,002 -
30,602 8,837
CREDITORS
Amounts falling due within one year 6 57,192 77,232
NET CURRENT LIABILITIES (26,590 ) (68,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,602

)

(46,967

)

CREDITORS
Amounts falling due after more than one year 7 53,254 33,699
NET LIABILITIES (63,856 ) (80,666 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (63,860 ) (80,670 )
SHAREHOLDERS' FUNDS (63,856 ) (80,666 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

CTS Motorsport Ltd (Registered number: 09941376)

Balance Sheet - continued
31 January 2025


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 28 March 2025 and were signed on its behalf by:





J E Curry - Director


CTS Motorsport Ltd (Registered number: 09941376)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

CTS Motorsport 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. 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.

The company has net liabilities at the period end.The directors, who are its principal creditors, are prepared to continue to support the company for the foreseeable future. The accounts have therefore been completed on a going concern basis.

Turnover
Turnover represents amounts invoiced in respect of services rendered stated net of value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Due to losses available to carry forward there is no liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

CTS Motorsport Ltd (Registered number: 09941376)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 57,278
DEPRECIATION
At 1 February 2024 35,850
Charge for year 5,440
At 31 January 2025 41,290
NET BOOK VALUE
At 31 January 2025 15,988
At 31 January 2024 21,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 3,823 7,060
Prepayments 1,777 1,777
5,600 8,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 11,255 14,151
VAT 2,708 465
Other creditors 1,500 1,500
Directors' current accounts 41,029 60,416
Accrued expenses 700 700
57,192 77,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years 5,278 5,278
Bank loans - 2-5 years 22,976 28,421
Other loans - 2-5 years 25,000 -
53,254 33,699

CTS Motorsport Ltd (Registered number: 09941376)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors. At the balance sheet date the amount owed to the directors by the company was £41,029 (2024 - £60,416).