Cheltenham Controls Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07602202

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		16,618		21,069

			16,618		21,069
CURRENT ASSETS
Stocks	6	190,000		232,686
Debtors	7	2,761,500		2,059,920
Cash at bank and in hand		47,624		36,559

		2,999,124		2,329,165
Creditors: Amounts Falling Due Within One Year	8	(904,999 )		(742,419 )

NET CURRENT ASSETS (LIABILITIES)			2,094,125		1,586,746

TOTAL ASSETS LESS CURRENT LIABILITIES			2,110,743		1,607,815

Creditors: Amounts Falling Due After More Than One Year	9		(12,936 )		(24,166 )

NET ASSETS			2,097,807		1,583,649

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			2,096,807		1,582,649

SHAREHOLDERS' FUNDS			2,097,807		1,583,649

Page 1

Page 2

Cheltenham Controls Limited

Balance Sheet (continued)

As At 31 March 2024

For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mr Keith RIDLER

Director

31st March 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Cheltenham Controls Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07602202 . The registered office is 16 Royal Crescent , Cheltenham , Gloucestershire, GL50 3DA.

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 the profit and loss account over its estimated economic life.

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:

Leasehold	20% Straight Line
Plant & Machinery	25% Reducing Balance
Motor Vehicles	33% Straight Line
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

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. 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.

...CONTINUED

Page 3

Page 4

Cheltenham Controls Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2024

2.6. Taxation - continued

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: 12 (2023: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2023	15,000

As at 31 March 2024	15,000

Amortisation
As at 1 April 2023	15,000

As at 31 March 2024	15,000

Net Book Value
As at 31 March 2024	-

As at 1 April 2023	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2023	68,281	2,021	35,313	19,450
Additions	-	-	-	2,281

As at 31 March 2024	68,281	2,021	35,313	21,731

Depreciation
As at 1 April 2023	68,281	1,804	22,415	16,067
Provided during the period	-	216	6,449	3,601

As at 31 March 2024	68,281	2,020	28,864	19,668

Net Book Value
As at 31 March 2024	-	1	6,449	2,063

As at 1 April 2023	-	217	12,898	3,383

Page 4

Page 5

Cheltenham Controls Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2024


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2023	17,120	142,185
Additions	8,633	10,914

As at 31 March 2024	25,753	153,099

Depreciation
As at 1 April 2023	12,549	121,116
Provided during the period	5,099	15,365

As at 31 March 2024	17,648	136,481

Net Book Value
As at 31 March 2024	8,105	16,618

As at 1 April 2023	4,571	21,069

6. Stocks

	2024	2023
	£	£
Finished goods	190,000	232,686

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	839,210	718,205
Other debtors	1,922,290	1,341,715

	2,761,500	2,059,920

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	623,818	467,477
Bank loans and overdrafts	10,489	10,000
Other creditors	8,319	8,319
Taxation and social security	262,373	256,623

	904,999	742,419

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	12,936	24,166

Page 5

Page 6

Cheltenham Controls Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2024

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2024
	£	£	£	£	£
Mr Keith Ridler	985,755	82,654	1,000,167	-	68,243

The above loan is unsecured and repayable on demand.

Page 6