Company Registration No. 11754321 (England and Wales)
CT Strategic Ltd
Unaudited accounts
for the year ended 31 January 2024
CT Strategic Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
1,319
2,080
Investments
187,775
179,095
Cash at bank and in hand
342,523
275,999
Creditors: amounts falling due within one year
(23,537)
(25,480)
Net current assets
353,282
289,286
Total assets less current liabilities
542,376
470,461
Provisions for liabilities
Net assets
542,086
470,004
Called up share capital
2
2
Profit and loss account
542,084
470,002
Shareholders' funds
542,086
470,004
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by
Mary-Jane Calam
Director
Company Registration No. 11754321
CT Strategic Ltd
Notes to the Accounts
for the year ended 31 January 2024
CT Strategic Ltd is a private company, limited by shares, registered in England and Wales, registration number 11754321. The registered office is 8 Linnet Court, Cawledge Business Park, Alnwick, Northumberland, NE66 2GD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
33% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in international bonds are revalued to their portfolio value at the year end.
CT Strategic Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
334
7,539
7,873
Disposals
-
(4,329)
(4,329)
At 31 January 2024
334
4,146
4,480
At 1 February 2023
22
5,771
5,793
Charge for the year
62
1,633
1,695
On disposals
-
(4,327)
(4,327)
At 31 January 2024
84
3,077
3,161
At 31 January 2024
250
1,069
1,319
At 31 January 2023
312
1,768
2,080
5
Investments
Other investments
Valuation at 1 February 2023
179,095
Fair value adjustments
8,680
Valuation at 31 January 2024
187,775
The investment represents the valuation of an international bond portfolio at the year end.
Amounts falling due within one year
Accrued income and prepayments
31,274
247
Amounts falling due after more than one year
Trade debtors
3,000
38,520
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
20,291
15,851
Loans from directors
312
7
CT Strategic Ltd
Notes to the Accounts
for the year ended 31 January 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
