CFT FINANCE LTD

	Page
Company Information	1
Accountant's Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—8

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CFT FINANCE LTD

Accountant's Report

For The Year Ended 31 March 2025

Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of CFT FINANCE LTD for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of CFT FINANCE LTD which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of CFT FINANCE LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of CFT FINANCE LTD and state those matters that we have agreed to state to the directors of CFT FINANCE LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CFT FINANCE LTD and its directors as a body for our work or for this report.

It is your duty to ensure that CFT FINANCE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of CFT FINANCE LTD . You consider that CFT FINANCE LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CFT FINANCE LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

10th July 2025

The Curtis Partnership

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

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CFT FINANCE LTD

Statement of Financial Position

As At 31 March 2025

Statement of Financial Position

Registered number: 12048833

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		135,838		71,525

			135,838		71,525
CURRENT ASSETS
Debtors	5	51,195		25,376
Cash at bank and in hand		132,218		94,348

		183,413		119,724
Creditors: Amounts Falling Due Within One Year	6	(118,959 )		(36,699 )

NET CURRENT ASSETS (LIABILITIES)			64,454		83,025

TOTAL ASSETS LESS CURRENT LIABILITIES			200,292		154,550

Creditors: Amounts Falling Due After More Than One Year	7		(21,060 )		(18,055 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(25,809 )		(13,590 )

NET ASSETS			153,423		122,905

CAPITAL AND RESERVES
Called up share capital	11		26		26
Income Statement			153,397		122,879

SHAREHOLDERS' FUNDS			153,423		122,905

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CFT FINANCE LTD

Statement of Financial Position (continued)

As At 31 March 2025

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 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 Income Statement.

On behalf of the board

Mr Jonathon Dufton

Director

10th July 2025

The notes on pages 5 to 8 form part of these financial statements.

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CFT FINANCE LTD

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

CFT FINANCE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12048833 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. 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:

Plant & Machinery	25% reducing balance basis
Motor Vehicles	25% reducing balance basis

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

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CFT FINANCE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	20,123	82,599	102,722
Additions	5,250	104,349	109,599

As at 31 March 2025	25,373	186,948	212,321

...CONTINUED

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CFT FINANCE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	10,547	20,650	31,197
Provided during the period	3,712	41,574	45,286

As at 31 March 2025	14,259	62,224	76,483

Net Book Value
As at 31 March 2025	11,114	124,724	135,838

As at 1 April 2024	9,576	61,949	71,525

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	100	150
Prepayments and accrued income	51,095	20,729
Corporation tax recoverable assets	-	1,090
Other taxes and social security	-	762
Directors' loan accounts	-	2,645

	51,195	25,376

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,990	26,419
Trade creditors	62,005	1,460
Bank loans and overdrafts	5,875	4,700
Corporation tax	29,757	-
Other taxes and social security	162	-
Other creditors	-	500
Accruals and deferred income	2,318	3,620
Directors' loan accounts	1,852	-

	118,959	36,699

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

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	21,060	12,180
Bank loans	-	5,875

	21,060	18,055

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CFT FINANCE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	16,990	26,419
Later than one year and not later than five years	21,060	12,180

	38,050	38,599

	38,050	38,599

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	31 March 2025	31 March 2024
	£	£
Other timing differences	25,809	13,590

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	13,590	13,590
Deferred taxation	12,219	12,219

Balance at 31 March 2025	25,809	25,809

11. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	26	26

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Jonathon Dufton	2,645	-	-	-	-

The above loan is unsecured, interest free and repayable on demand.

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Directors	Mrs Rebecca Dufton
	Mr Jonathon Dufton

Company Number	12048833

Registered Office	1 Tape Street
	Cheadle
	Stoke On Trent
	Staffordshire
	ST10 1BB

Accountants	The Curtis Partnership
	1 Tape Street
	Cheadle
	Stoke On Trent
	Staffordshire
	ST10 1BB