CTM Business Solutions Limited - Accounts to registrar (filleted) - small 18.2

CTM Business Solutions Limited - Accounts to registrar (filleted) - small 18.2

CTM BUSINESS SOLUTIONS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.1.0.729 08275602 director 1.1.18 31.12.18 31.12.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082756022017-12-31082756022018-12-31082756022018-01-012018-12-31082756022016-12-31082756022017-01-012017-12-31082756022017-12-3108275602ns15:EnglandWales2018-01-012018-12-3108275602ns14:PoundSterling2018-01-012018-12-3108275602ns10:Director12018-01-012018-12-3108275602ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3108275602ns10:SmallEntities2018-01-012018-12-3108275602ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-3108275602ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3108275602ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3108275602ns10:AbridgedAccounts2018-01-012018-12-310827560212018-01-012018-12-3108275602ns10:RegisteredOffice2018-01-012018-12-3108275602ns5:CurrentFinancialInstruments2018-12-3108275602ns5:CurrentFinancialInstruments2017-12-3108275602ns5:ShareCapital2018-12-3108275602ns5:ShareCapital2017-12-3108275602ns5:RetainedEarningsAccumulatedLosses2018-12-3108275602ns5:RetainedEarningsAccumulatedLosses2017-12-3108275602ns5:IntangibleAssetsOtherThanGoodwill2018-01-012018-12-3108275602ns5:ComputerSoftware2018-01-012018-12-3108275602ns5:FurnitureFittings2018-01-012018-12-3108275602ns5:ComputerEquipment2018-01-012018-12-3108275602ns5:FurnitureFittings2017-12-3108275602ns5:ComputerEquipment2017-12-3108275602ns5:FurnitureFittings2018-12-3108275602ns5:ComputerEquipment2018-12-3108275602ns5:FurnitureFittings2017-12-3108275602ns5:ComputerEquipment2017-12-31


REGISTERED NUMBER: 08275602 (England and Wales)













CTM BUSINESS SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018





CTM BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 08275602)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CTM BUSINESS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: Mr S J Monaghan



REGISTERED OFFICE: 531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



REGISTERED NUMBER: 08275602 (England and Wales)



ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



BANKERS: HSBC Bank Plc
PO Box 105
33 Park Row
Leeds
LS1 1LD
Page 1
CTM BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 08275602)

ABRIDGED BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 578 680
578 680

CURRENT ASSETS
Debtors 3,000 4,052
Cash at bank 588 1,728
3,588 5,780
CREDITORS
Amounts falling due within one year 84,358 96,228
NET CURRENT LIABILITIES (80,770 ) (90,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(80,192
)
(89,768
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (80,292 ) (89,868 )
SHAREHOLDERS' FUNDS (80,192 ) (89,768 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
CTM BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 08275602)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 17 April 2019 and were signed by:





Mr S J Monaghan - Director


The notes form part of these financial statements

Page 3
CTM BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 08275602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

CTM Business Solutions Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis despite the fact that liabilities exceed assets by £
80,192 (2017 : £ 89,768). This basis is considered appropriate and assumes the continued support of the director
and the company's bank.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Franchise fee is being amortised evenly over its estimated useful life of nil years.

Franchise fee
Amortisation is provided over five years over the franchise period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018
and 31 December 2018 18,500
AMORTISATION
At 1 January 2018
and 31 December 2018 18,500
NET BOOK VALUE

At 31 December 2018 -
At 31 December 2017 -

Page 4 continued...
CTM BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 08275602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2018
and 31 December 2018 1,800 2,176 3,976
DEPRECIATION
At 1 January 2018 1,120 2,176 3,296
Charge for year 102 - 102
At 31 December 2018 1,222 2,176 3,398
NET BOOK VALUE
At 31 December 2018 578 - 578
At 31 December 2017 680 - 680

Page 5