Registration number: 02770868

CTS Ironmongery Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

CTS Ironmongery Limited

Balance Sheet

as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	62,224	90,957
Investments		1,300	1,300
		63,524	92,257
Current assets
Stocks		1,355,482	1,330,551
Debtors	6	886,333	939,129
Cash at bank and in hand		190,026	158,168
		2,431,841	2,427,848
Creditors: Amounts falling due within one year	7	(1,352,356)	(1,314,369)
Net current assets		1,079,485	1,113,479
Total assets less current liabilities		1,143,009	1,205,736
Provisions for liabilities		(3,255)	(10,140)
Net assets		1,139,754	1,195,596
Capital and reserves
Allotted, called up and fully paid share capital		25,000	25,000
Profit and loss account		1,114,754	1,170,596
Shareholders' funds		1,139,754	1,195,596

Registration number: 02770868

CTS Ironmongery Limited

Balance Sheet

as at 31 December 2025 (continued)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 September 2026 and signed on its behalf by:
 

......................................... Mr P J Netherwood Director

CTS Ironmongery Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2025

1	General information

The company is a private company limited by shares incorporated in England, within the United Kingdom.

The company's registration number is 02770868.

The address of its registered office is:
First Floor
Rosemount House
Huddersfield Road
Elland
West Yorkshire
HX5 0EE

The principal place of business is:
Units 11 & 12
Halifax Industrial Centre
Pellon Lane
Halifax
West Yorkshire
HX1 5RW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

CTS Ironmongery Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	20% per annum on a reducing balance basis and 33.33% per annum on a straight line basis
Motor vehicles	25% per annum on a straight line basis
Additions to leasehold property	Straight line over the life of the lease

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if their fair value can be measured reliably.

CTS Ironmongery Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 30 (2024 - 36).

CTS Ironmongery Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2025 (continued)

4	Tangible assets

	Land and buildings £	Fixtures, fittings and equipment  £	Motor vehicles  £	Total £
Cost
At 1 January 2025	196,640	227,166	75,605	499,411
Additions	6,012	6,770	-	12,782
Disposals	(49,490)	(35,073)	-	(84,563)
At 31 December 2025	153,162	198,863	75,605	427,630
Depreciation
At 1 January 2025	173,129	205,245	30,080	408,454
Charge for the year	14,818	7,076	18,901	40,795
Eliminated on disposal	(49,303)	(34,540)	-	(83,843)
At 31 December 2025	138,644	177,781	48,981	365,406
Net book value
At 31 December 2025	14,518	21,082	26,624	62,224
At 31 December 2024	23,511	21,921	45,525	90,957

5	Investments

	2025 £	2024 £
Other investments	1,300	1,300