C.t.m. (U.k.) Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03739166 (England and Wales)

C.T.M. (U.K.) LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Jackson

M I Tait

Mrs R E Wootton

S R Wootton

REGISTERED OFFICE:

Unit E, Zenith Park, Whaley Road

Claycliffe

Barnsley

South Yorkshire

S75 1HT

REGISTERED NUMBER:

03739166 (England and Wales)

ACCOUNTANTS:

Sheards

Chartered Accountants

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

21,677

12,181

CURRENT ASSETS

Stocks

20,000

70,000

Debtors

5

186,139

201,309

Cash at bank and in hand

93,785

7,255

299,924

278,564

CREDITORS

Amounts falling due within one year

6

(272,463

)

(276,888

)

NET CURRENT ASSETS

27,461

1,676

TOTAL ASSETS LESS CURRENT LIABILITIES

49,138

13,857

CREDITORS

Amounts falling due after more than one year

7

(41,667

)

-

PROVISIONS FOR LIABILITIES

10

(4,119

)

(2,314

)

NET ASSETS

3,352

11,543

CAPITAL AND RESERVES

Called up share capital

113

111

Retained earnings

3,239

11,432

3,352

11,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2021 and were signed on its behalf by:

S R Wootton - Director

1.	STATUTORY INFORMATION

C.t.m. (U.k.) Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is recognised on the supply of goods and services to the customer, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Government grants

Government grants relate to furloughed employee costs and interest, covered by the government, on bounce back loans. The income has been matched to the period in which the costs relate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

151,301

Additions

14,990

At 31 March 2021

166,291

DEPRECIATION

At 1 April 2020

139,120

Charge for year

5,494

At 31 March 2021

144,614

NET BOOK VALUE

At 31 March 2021

21,677

At 31 March 2020

12,181

5.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

146,941

91,933

Amounts owed by associates

30,882

-

Other debtors

339

98,862

178,162

190,795

Amounts falling due after more than one year:

Other debtors

7,977

10,514

Aggregate amounts

186,139

201,309

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

11,130

11,417

Trade creditors

80,367

72,605

Amounts owed to associates

20,347

37,785

Taxation and social security

25,556

28,191

Other creditors

135,063

126,890

272,463

276,888

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

41,667

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,667

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Within one year

24,167

29,000

Between one and five years

-

24,167

24,167

53,167

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

50,000

-

The bank loan is secured by a government backed initiative.

10.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

4,119

2,314

Deferred

tax

£

Balance at 1 April 2020

2,314

Provided during year

1,805

Balance at 31 March 2021

4,119

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

K Jackson

Balance outstanding at start of year

10,515

14,887

Amounts advanced

1,421

3,349

Amounts repaid

(3,962

)

(7,721

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,974

10,515

M I Tait

Balance outstanding at start of year

-

-

Amounts advanced

2,013

-

Amounts repaid

(2,013

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs R E Wootton

Balance outstanding at start of year

49,250

-

Amounts advanced

53,000

49,250

Amounts repaid

(102,250

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

49,250

S R Wootton

Balance outstanding at start of year

49,250

-

Amounts advanced

6,262

49,250

Amounts repaid

(55,512

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

49,250

12.	RELATED PARTY TRANSACTIONS

Included within debtors is an amount owed from CTM Equipment Ltd of £30,882 (2020 creditor £25,372).

This is a company with the same ownership and control as CTM UK Ltd.

The business transactions between the two companies in the year were as follows:-

Sales invoices issued from CTM Equipment Ltd £4,730 gross

Sales invoices issued from CTM UK Ltd £23,658 gross

Included within creditors is an amount owed to Gama Sprays Ltd of £20,347(2020 £12,413).

This is a company which is owned by the directors Mr & Mrs Wootton.

The business transactions between the two companies in the year were as follows:-

Sales invoices issued from Gama Sprays Ltd, for management recharges, £18,600 gross.