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REGISTERED NUMBER: 04516894 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

CTS Radio Systems Ltd.

CTS Radio Systems Ltd. (Registered number: 04516894)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CTS Radio Systems Ltd.

Company Information
for the Year Ended 31 October 2024







DIRECTOR: A W Curtis





SECRETARY: Mrs J M A Curtis





REGISTERED OFFICE: Room 206 Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY





REGISTERED NUMBER: 04516894 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

CTS Radio Systems Ltd. (Registered number: 04516894)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,252 3,917

CURRENT ASSETS
Stocks 251 134
Debtors 5 14,533 11,298
Cash at bank 15,650 10,692
30,434 22,124
CREDITORS
Amounts falling due within one year 6 18,920 13,777
NET CURRENT ASSETS 11,514 8,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,766

12,264

CREDITORS
Amounts falling due after more than
one year

7

2,170

5,401
NET ASSETS 12,596 6,863

CTS Radio Systems Ltd. (Registered number: 04516894)

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,496 6,763
SHAREHOLDERS' FUNDS 12,596 6,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 24 June 2025 and were signed by:





A W Curtis - Director


CTS Radio Systems Ltd. (Registered number: 04516894)

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

1. STATUTORY INFORMATION

CTS Radio 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

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.


CTS Radio Systems Ltd. (Registered number: 04516894)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 11,875 3,716 15,591
Additions - 650 650
At 31 October 2024 11,875 4,366 16,241
DEPRECIATION
At 1 November 2023 8,117 3,557 11,674
Charge for year 939 376 1,315
At 31 October 2024 9,056 3,933 12,989
NET BOOK VALUE
At 31 October 2024 2,819 433 3,252
At 31 October 2023 3,758 159 3,917

CTS Radio Systems Ltd. (Registered number: 04516894)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Trade debtors 14,377 11,142
Other debtors 156 156
14,533 11,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 3,425 3,621
Trade creditors 6,226 6,519
Tax 5,371 2,308
Social security and other taxes 59 59
VAT 3,698 1,076
Directors' current accounts 141 194
18,920 13,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 2,170 3,621
Bank loans - 2-5 years - 1,780
2,170 5,401