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

REGISTERED NUMBER: 08275602 (England and Wales)

CTM BUSINESS SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

418

491

418

491

CURRENT ASSETS

Debtors

250

2,038

Cash at bank

3,951

1,819

4,201

3,857

CREDITORS

Amounts falling due within one year

58,056

72,675

NET CURRENT LIABILITIES

(53,855

)

(68,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(53,437

)

(68,327

)

CREDITORS

Amounts falling due after more than one year

10,573

-

NET LIABILITIES

(64,010

)

(68,327

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(64,110

)

(68,427

)

SHAREHOLDERS' FUNDS

(64,010

)

(68,327

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2020 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 and authorised for issue on 21 September 2021 and were signed by:

Mr S J Monaghan - Director

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.

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 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

and 31 December 2020

18,500

AMORTISATION

At 1 January 2020

and 31 December 2020

18,500

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

1,800

2,176

3,976

DEPRECIATION

At 1 January 2020

1,309

2,176

3,485

Charge for year

73

-

73

At 31 December 2020

1,382

2,176

3,558

NET BOOK VALUE

At 31 December 2020

418

-

418

At 31 December 2019

491

-

491