Company Registration No. 09370872 (England and Wales)
CGT Associates Limited
Unaudited accounts
for the year ended 31 December 2025
CGT Associates Limited
Unaudited accounts
Contents
CGT Associates Limited
Company Information
for the year ended 31 December 2025
Directors
Carl Towe
Katy Adkins
Company Number
09370872 (England and Wales)
Registered Office
1 New Cottages
Ardington
Wantage
Oxfordshire
OX12 8PZ
GBR
Accountants
Count Beyond Ltd
5 Tighe Close
Wantage
OX12 9GD
CGT Associates Limited
Accountants' report
Accountants' report to the board of directors of CGT Associates Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CGT Associates Limited for the year ended
31 December 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CGT Associates Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CGT Associates Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CGT Associates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CGT Associates Limited 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 of CGT Associates Limited. You consider that CGT Associates Limited 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 CGT Associates Limited. 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 statutory accounts.
Count Beyond Ltd
5 Tighe Close
Wantage
OX12 9GD
24 August 2026
CGT Associates Limited
Statement of financial position
as at 31 December 2025
Tangible assets
204,873
136,519
Cash at bank and in hand
21,159
33,620
Creditors: amounts falling due within one year
(98,010)
(86,185)
Net current liabilities
(36,872)
(18,135)
Total assets less current liabilities
168,001
118,384
Creditors: amounts falling due after more than one year
(104,760)
(79,635)
Provisions for liabilities
Deferred tax
(23,605)
(6,588)
Called up share capital
20
20
Profit and loss account
39,616
32,141
Shareholders' funds
39,636
32,161
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by
Carl Towe
Director
Company Registration No. 09370872
CGT Associates Limited
Notes to the Accounts
for the year ended 31 December 2025
CGT Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 09370872. The registered office is 1 New Cottages, Ardington, Wantage, Oxfordshire, OX12 8PZ, GBR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
6.67% straight line
Computer equipment
20% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
CGT Associates Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
19,622
123,902
5,218
148,742
Additions
8,368
76,024
-
84,392
At 31 December 2025
27,990
199,926
5,218
233,134
At 1 January 2025
4,711
5,320
2,192
12,223
Charge for the year
4,027
10,968
1,043
16,038
At 31 December 2025
8,738
16,288
3,235
28,261
At 31 December 2025
19,252
183,638
1,983
204,873
At 31 December 2024
14,911
118,582
3,026
136,519
Amounts falling due within one year
Trade debtors
31,694
28,154
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
31,783
19,064
Trade creditors
8,014
4,438
Taxes and social security
7,253
3,220
Other creditors
15,838
16,019
Loans from directors
31,145
35,545
Obligations under hire purchase contracts of £31,783 (2024: £19,064) included above are secured on the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
104,760
79,635
Obligations under hire purchase contracts of £104,760 (2024: £79,635) are secured on the assets to which they relate. No amounts fall due after more than five years.
CGT Associates Limited
Notes to the Accounts
for the year ended 31 December 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
51,219
6,588
Tax losses carried forward
(27,614)
-
Provision at start of year
6,588
3,281
Charged to the profit and loss account
17,017
3,307
Provision at end of year
23,605
6,588
Deferred tax is measured at 25% (2024: 19%), the rate expected to apply when the timing differences reverse. The provision represents accelerated capital allowances on the company's fleet and equipment, net of the deferred tax effect of trading losses carried forward of £110,455, which are expected to be utilised against future trading profits. The change in rate contributed £2,081 to the charge for the year.
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
10
Operating lease commitments
2025
2024
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
32,858
32,858
Later than one year and not later than five years
2,738
35,596
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free, repayable on demand
-
7,000
7,000
-
During the year the company advanced £7,000 to Miss K J Adkins, a director. The advance was interest free and repayable on demand. It was repaid in full before the year end, principally by set-off against amounts owed to the director and the final dividend declared on 31 December 2025. The amount outstanding at 31 December 2025 was £nil (2024: £nil).
12
Average number of employees
During the year the average number of employees was 17 (2024: 13).