CTR (Fulfillment) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09088050

CTR (Fulfillment) Limited

Filleted Financial Statements

31 December 2024

CTR (Fulfillment) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	12,580	13,070

Current assets

Stocks		13,958	7,058
Debtors	6	1,347,486	1,408,186
Cash at bank and in hand		25,932	138,610
		------------	------------
		1,387,376	1,553,854

Creditors: amounts falling due within one year	7	569,506	756,879
		------------	------------
Net current assets		817,870	796,975
		---------	---------
Total assets less current liabilities		830,450	810,045

Creditors: amounts falling due after more than one year	8	8,761	20,802

Provisions	3,146	3,268
	---------	---------
Net assets	818,543	785,975
	---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	818,533	785,965
	---------	---------
Shareholder funds	818,543	785,975
	---------	---------

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:

R O A Almond
Director

Company registration number: 09088050

CTR (Fulfillment) Limited

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, Staffordshire, ST14 8LP.

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.

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. As with the other subsidiaries within the group, the parent undertaking and fellow subsidiary undertakings would be able 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 would be 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 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, Utooxeter, 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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	-	25% straight line
Fixtures and fittings	-	25% straight line

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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 16 (2023: 14 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	31,100	–	31,100
Additions	–	7,771	7,771
	--------	-------	--------
At 31 December 2024	31,100	7,771	38,871
	--------	-------	--------
Depreciation
At 1 January 2024	18,030	–	18,030
Charge for the year	7,775	486	8,261
	--------	-------	--------
At 31 December 2024	25,805	486	26,291
	--------	-------	--------
Carrying amount
At 31 December 2024	5,295	7,285	12,580
	--------	-------	--------
At 31 December 2023	13,070	–	13,070
	--------	-------	--------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 December 2024	3,667
	-------
At 31 December 2023	6,332
	-------

6. Debtors

	2024	2023
	£	£
Trade debtors	221,363	326,604
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,078,050	1,071,500
Other debtors	48,073	10,082
	------------	------------
	1,347,486	1,408,186
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	183,468	100,541
Amounts owed to group undertakings and undertakings in which the company has a participating interest	318,026	538,941
Corporation tax	10,979	74,613
Social security and other taxes	25,614	8,300
Other creditors	21,419	24,484
	---------	---------
	569,506	756,879
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	8,333	18,333
Other creditors	428	2,469
	-------	--------
	8,761	20,802
	-------	--------

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. Related party transactions

CTR Asset Management Limited CTR Asset Management Limited is a joint venture between CTR (Group) Limited and R Almond. At the balance sheet date there was an amount of £1,000,000 (2023 £1,071,500) due from this company. This amount is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand. Intercompany recharges to this company during the year amounted to £54,099 (2023 £nil). CTR (Group) Limited CTR (Group) Limited is an associated company which holds 50% of the issued share capital of CTR (Fulfillment) Limited . At the balance sheet date there was an amount of £198,026 (2023 £195,162) due to this company. This amount is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand. CTR (Enviro) Limited CTR (Enviro} Limited is an associated company in which CTR (Group) Limited holds 100% of the issued share capital. At the balance sheet date there was an amount of £78,050 (2023 £nil) due from this company. This amount is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand. Intercompany recharges to this company during the year amount to £90,041 (2023 £nil). CTR (Collections) Ltd CTR (Collections) Ltd is an associated company in which CTR (Group) Limited holds 100% of the issued share capital. At the balance sheet date there was an amount of £120,000 (2023 £8,280) due to this company. The amount of £8,280 due to CTR (Collections) Limited at 31 December 2023 was written off in the year. A management charge of £100,000 was paid to this company during the year. Salvatex Trading Limited Salvatex Trading Limited is a company controlled by R Almond. At the balance sheet date there was an amount of £nil (2023 £332,874) due to this company. Recharges in the period from this company amounted to £268,740 (2023 £759,511). Salvatex Holdings Limited Salvatex Holdings Limited is a company controlled by M Almond, the parent of R Almond. At the balance sheet date there was an amount of £nil (2023 £2,625) due to this company. Recharges in the period from this company amounted to £20,149 (2023 £38,311).

11. 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.

12. Controlling party

The company is a joint venture between CTR (Group) Limited and R Almond, who each hold 50% of the issued share capital. These financial statements are included in the consolidated financial statements of CTR (Group) Limited, which can be found on Companies House.