Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04777134 2023-10-01 2024-09-30 04777134 2022-10-01 2023-09-30 04777134 2024-09-30 04777134 2023-09-30 04777134 c:Director1 2023-10-01 2024-09-30 04777134 d:FurnitureFittings 2023-10-01 2024-09-30 04777134 d:FurnitureFittings 2024-09-30 04777134 d:FurnitureFittings 2023-09-30 04777134 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04777134 d:OfficeEquipment 2023-10-01 2024-09-30 04777134 d:OfficeEquipment 2024-09-30 04777134 d:OfficeEquipment 2023-09-30 04777134 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04777134 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04777134 d:CurrentFinancialInstruments 2024-09-30 04777134 d:CurrentFinancialInstruments 2023-09-30 04777134 d:Non-currentFinancialInstruments 2024-09-30 04777134 d:Non-currentFinancialInstruments 2023-09-30 04777134 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04777134 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04777134 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04777134 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04777134 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 04777134 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 04777134 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 04777134 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 04777134 d:ShareCapital 2024-09-30 04777134 d:ShareCapital 2023-09-30 04777134 d:RetainedEarningsAccumulatedLosses 2024-09-30 04777134 d:RetainedEarningsAccumulatedLosses 2023-09-30 04777134 c:FRS102 2023-10-01 2024-09-30 04777134 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04777134 c:FullAccounts 2023-10-01 2024-09-30 04777134 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04777134 2 2023-10-01 2024-09-30 04777134 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04777134










CTS (UK) EXPORTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CTS (UK) EXPORTS LIMITED
REGISTERED NUMBER: 04777134

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,466
1,909

  
1,466
1,909

Current assets
  

Debtors: amounts falling due within one year
 5 
987
184,043

Cash at bank and in hand
  
53,093
112,306

  
54,080
296,349

Creditors: amounts falling due within one year
 6 
(39,258)
(275,807)

Net current assets
  
 
 
14,822
 
 
20,542

Total assets less current liabilities
  
16,288
22,451

Creditors: amounts falling due after more than one year
 7 
(7,500)
(21,667)

  

Net assets
  
8,788
784


Capital and reserves
  

Called up share capital 
  
101
101

Profit and loss account
  
8,687
683

  
8,788
784


Page 1

 
CTS (UK) EXPORTS LIMITED
REGISTERED NUMBER: 04777134
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 June 2025.




I Y Edusei
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CTS (UK) EXPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CTS (UK) EXPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
10%
reducing balance
Office equipment
-
33%
straight line

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.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CTS (UK) EXPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

CTS (UK) Exports Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 04777134
The address of its Registered office is:
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
CTS (UK) EXPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
7,498
9,966
17,464


Additions
-
1,083
1,083


Disposals
(5,553)
(9,642)
(15,195)



At 30 September 2024

1,945
1,407
3,352



Depreciation


At 1 October 2023
5,771
9,786
15,557


Charge for the year on owned assets
75
469
544


Disposals
(4,573)
(9,642)
(14,215)



At 30 September 2024

1,273
613
1,886



Net book value



At 30 September 2024
672
794
1,466



At 30 September 2023
1,728
181
1,909

Page 6

 
CTS (UK) EXPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
504
54

Other debtors
203
183,722

Prepayments and accrued income
280
267

987
184,043



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
2,176
10,295

Other creditors
25,182
253,512

Accruals and deferred income
1,900
2,000

39,258
275,807



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,500
21,667

7,500
21,667


Page 7

 
CTS (UK) EXPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
7,500
10,000


7,500
10,000

Amounts falling due 2-5 years

Bank loans
-
11,667


-
11,667


17,500
31,667


 
Page 8