CTC Europe.com Limited 28/02/2018 iXBRL
CTC Europe.com Limited 28/02/2018 iXBRL
Company registration number:
03708527
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
28 February 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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- | |||||||
Debtors | 6 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
(
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- | ||||||
Provisions for liabilities |
(
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(
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 August 2018
, and are signed on behalf of the board by:
Director
Company registration number:
03708527
Notes to the financial statements
Year ended 28 February 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rear of Duplo Building, Units A & B, Hamm Moor Lane, Addlestone, Surrey KT15 2SD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Impairment
Stocks
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
20
(2017:
25
).
5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 March 2017 |
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Additions | 235,351 | - | 235,351 | |
Disposals |
(
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- |
(
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_______ | _______ | _______ | ||
At 28 February 2018 |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 March 2017 |
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Charge for the year |
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Disposals |
(
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- |
(
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_______ | _______ | _______ | ||
At 28 February 2018 |
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_______ | _______ | _______ | ||
Carrying amount | ||||
At 28 February 2018 |
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_______ | _______ | _______ | ||
At 28 February 2017 |
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_______ | _______ | _______ | ||
6.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Other creditors |
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- | ||
_______ | _______ | |||
9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2018 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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(
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_______ | _______ | _______ | ||
2017 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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(
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(
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(
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_______ | _______ | _______ | ||
10.
Controlling party