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Registered number: 08005790
CTC Training And Development Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08005790
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 53,696 65,777
53,696 65,777
CURRENT ASSETS
Stocks 6 14,089 13,418
Debtors 7 190,626 124,101
Cash at bank and in hand 246,901 103,700
451,616 241,219
Creditors: Amounts Falling Due Within One Year 8 (190,478 ) (132,014 )
NET CURRENT ASSETS (LIABILITIES) 261,138 109,205
TOTAL ASSETS LESS CURRENT LIABILITIES 314,834 174,982
Creditors: Amounts Falling Due After More Than One Year 9 (3,780 ) (11,780 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,739 ) (13,155 )
NET ASSETS 300,315 150,047
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 300,215 149,947
SHAREHOLDERS' FUNDS 300,315 150,047
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C R Turner
Director
04/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CTC Training And Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08005790 . The registered office is Suite 5, Pemberton House Stafford Park 1, Telford, TF3 3AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 9)
11 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 9,500
As at 31 March 2025 9,500
Amortisation
As at 1 April 2024 9,500
As at 31 March 2025 9,500
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 88,526 18,480 107,006
Additions - 1,342 1,342
As at 31 March 2025 88,526 19,822 108,348
...CONTINUED
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Depreciation
As at 1 April 2024 31,869 9,360 41,229
Provided during the period 11,331 2,092 13,423
As at 31 March 2025 43,200 11,452 54,652
Net Book Value
As at 31 March 2025 45,326 8,370 53,696
As at 1 April 2024 56,657 9,120 65,777
6. Stocks
2025 2024
£ £
Materials 14,089 13,418
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 101,841 75,732
Prepayments and accrued income 63,746 48,057
Other debtors 25,039 312
190,626 124,101
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - (42 )
Bank loans and overdrafts 8,511 20,049
Corporation tax 91,646 36,916
Other taxes and social security 15,357 6,437
VAT 48,125 45,942
Net wages 24,018 19,559
Other creditors 1,540 1,021
Accruals and deferred income 1,200 1,200
Director's loan account 81 932
190,478 132,014
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,780 11,780
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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