COMPANY REGISTRATION NUMBER:
09031890
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Tangible assets |
5 |
14,106 |
16,595 |
|
|
|
|
Current assets
|
Debtors |
6 |
134,513 |
122,428 |
|
Cash at bank and in hand |
962 |
22,043 |
|
--------- |
--------- |
|
135,475 |
144,471 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
284,251 |
396,179 |
|
--------- |
--------- |
|
Net current liabilities |
148,776 |
251,708 |
|
--------- |
--------- |
|
Total assets less current liabilities |
(
134,670) |
(
235,113) |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
5,000 |
16,666 |
|
--------- |
--------- |
|
Net liabilities |
(
139,670) |
(
251,779) |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
(
139,671) |
(
251,780) |
|
--------- |
--------- |
|
Shareholder deficit |
(
139,670) |
(
251,779) |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
24 September 2025
, and are signed on behalf of the board by:
Company registration number:
09031890
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 30 Marchington Industrial Estate, Stubby Lane, Marchington, Uttoxeter, ST14 8LP, Staffordshire.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Related party disclosures exemption
The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.
Going concern
The financial statements have been prepared on a going concern basis, which places reliance on the continued support of the company's director and other group undertakings. The parent undertaking and fellow subsidiary undertakings continue to provide support to the company in the form of amounts advanced to meet day to day trading expenses and operating costs should it be required. These amounts are repayable on demand, however, the director has received assurance from the parent undertaking and its fellow group undertakings, that they would not seek such repayment until the company can do so without detriment to its cash flow or payment of other creditors. Therefore, the director believes that the company has adequate resources to continue its current operations and that it remains appropriate to prepare the financial statements on a going concern basis and the financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of CTR (Group) Limited which can be obtained from Unit 30 Marchington Industrial Estate, Stubby Lane, Marchington, Uttoxeter, Staffordshire, ST14 8LP. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
15% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
5
).
5.
Tangible assets
|
Plant and machinery |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
60,917 |
|
-------- |
|
Depreciation |
|
|
At 1 January 2024 |
44,322 |
|
Charge for the year |
2,489 |
|
-------- |
|
At 31 December 2024 |
46,811 |
|
-------- |
|
Carrying amount |
|
|
At 31 December 2024 |
14,106 |
|
-------- |
|
At 31 December 2023 |
16,595 |
|
-------- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
129,022 |
107,456 |
|
Other debtors |
5,491 |
14,972 |
|
--------- |
--------- |
|
134,513 |
122,428 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
10,000 |
10,000 |
|
Trade creditors |
16,190 |
96,565 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
184,984 |
224,670 |
|
Social security and other taxes |
1,347 |
206 |
|
Other creditors |
71,730 |
64,738 |
|
--------- |
--------- |
|
284,251 |
396,179 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
5,000 |
16,666 |
|
------- |
-------- |
|
|
|
9.
Summary audit opinion
The auditor's report dated
24 September 2025
was
unqualified
.
The senior statutory auditor was
Sandra Kay Lindley
, for and on behalf of
Lindley & Co
.
10.
Ethical standards
Provisions Available for Small Entities have been applied and our auditors have assisted with the preparation of the financial statements and submission of returns to the tax authorities.
11.
Controlling party
The company is a wholly owned subsidiary of CTR (Group) Limited, a company registered in England and Wales. The registered office and principal place of business of CTR (Group) Limited is Unit 30 Marchington Industrial Estate, Stubby Lane, Marchington, Uttoxeter, Staffordshire, ST14 8LP. These financial statements are included in the consolidated financial statements of CTR (Group) Limited, which can be found on Companies House.