Registration number:
for the Year Ended
C T P Systems Limited
Contents
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The following pages do not form part of the statutory financial statements: |
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C T P Systems Limited
Company Information
Director |
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Company secretary |
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Registered office |
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Accountants |
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C T P Systems Limited
Director's Report for the Year Ended 31 March 2013
The director presents his report and the unaudited financial statements for the year ended 31 March 2013.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
.........................................
Mr Christopher Thorpe
Director
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
C T P Systems Limited
for the Year Ended 31 March 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C T P Systems Limited for the year ended 31 March 2013 set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of C T P Systems Limited, as a body, in accordance with the terms of our engagement letter dated 6 March 2009. Our work has been undertaken solely to prepare for your approval the accounts of C T P Systems Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C T P Systems Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C T P Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C T P Systems Limited. You consider that C T P Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of C T P Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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John Sudworth ACA
Chartered Accountant
The Ground Floor Offices, The Mill House
The Mill Business Park
Maidstone Road
Ashford
Kent
TN26 1AE
10 May 2013
C T P Systems Limited
Profit and Loss Account for the Year Ended 31 March 2013
Note |
2013
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2012
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Distribution costs |
- |
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Administrative expenses |
( |
( |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar charges |
( |
( |
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Profit on ordinary activities before taxation |
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Tax on profit on ordinary activities |
( |
( |
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Profit for the financial year |
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4
C T P Systems Limited
(Registration number: 4502621)
Balance Sheet at 31 March 2013
Note |
2013
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2012
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr Christopher Thorpe
Director
5
C T P Systems Limited
Notes to the Financial Statements for the Year Ended 31 March 2013
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Leasehold property |
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Fixtures & fittings |
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Stock
Hire purchase and leasing
Financial instruments
Pensions
C T P Systems Limited
Notes to the Financial Statements for the Year Ended 31 March 2013
......... continued
Operating profit |
Operating profit is stated after charging:
2013
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2012
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Profit on sale of intangible fixed assets |
- |
(3,057) |
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Depreciation of tangible fixed assets |
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Director's remuneration |
The directors' remuneration for the year was as follows:
2013
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2012
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Remuneration (including money purchase pension scheme contributions) |
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Taxation |
Tax on profit on ordinary activities
2013
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2012
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Current tax |
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Corporation tax charge |
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Adjustments in respect of previous years |
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- |
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UK Corporation tax |
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C T P Systems Limited
Notes to the Financial Statements for the Year Ended 31 March 2013
......... continued
Tangible fixed assets |
Freehold land and buildings
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Fixtures and fittings
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Total
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Cost or valuation |
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At 1 April 2012 |
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Additions |
- |
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At 31 March 2013 |
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Depreciation |
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At 1 April 2012 |
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Charge for the year |
- |
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At 31 March 2013 |
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Net book value |
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At 31 March 2013 |
- |
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At 31 March 2012 |
- |
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Leased assets
Included within the net book value of tangible fixed assets is £
Debtors |
2013
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2012
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Trade debtors |
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Other debtors |
- |
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C T P Systems Limited
Notes to the Financial Statements for the Year Ended 31 March 2013
......... continued
Creditors: Amounts falling due within one year |
2013
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2012
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Trade creditors |
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Bank loans and overdrafts |
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Obligations under finance lease and hire purchase contracts |
15,162 |
21,901 |
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2013 |
2012 |
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No. |
£ |
No. |
£ |
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Dividends |
2013
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2012
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Dividends paid |
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Current year interim dividend paid |
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Reserves |
Profit and loss account
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Total
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At 1 April 2012 |
60,766 |
60,766 |
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Profit for the year |
171,749 |
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Dividends |
(176,000) |
( |
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At 31 March 2013 |
56,515 |
56,515 |
C T P Systems Limited
Notes to the Financial Statements for the Year Ended 31 March 2013
......... continued
Pension schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Control |
The company is controlled by the director who owns 100% of the called up share capital.
C T P Systems Limited
Detailed Profit and Loss Account for the Year Ended 31 March 2013
2013 |
2012 |
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£ |
£ |
£ |
£ |
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Turnover (analysed below) |
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Cost of sales (analysed below) |
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( |
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( |
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Gross profit |
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Distribution costs (analysed below) |
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- |
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Administrative expenses |
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Employment costs (analysed below) |
(7,668) |
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(14,160) |
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Establishment costs (analysed below) |
(23,822) |
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(25,113) |
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General administrative expenses (analysed below) |
(45,066) |
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(30,394) |
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Finance charges (analysed below) |
(2,375) |
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(3,129) |
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Depreciation costs (analysed below) |
(12,857) |
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(18,125) |
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( |
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( |
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Other interest receivable and similar income (analysed below) |
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Interest payable and similar charges (analysed below) |
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( |
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( |
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Profit on ordinary activities before taxation |
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C T P Systems Limited
Detailed Profit and Loss Account for the Year Ended 31 March 2013
2013
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2012
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Turnover |
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Sales, UK |
565,133 |
469,641 |
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565,133 |
469,641 |
Cost of sales |
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Opening stock |
2,000 |
2,000 |
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Purchases |
165,954 |
146,333 |
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Closing stock |
(2,000) |
(2,000) |
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Wages and salaries |
60,179 |
61,291 |
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Directors pensions (Defined contribution) |
10,442 |
11,339 |
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Subcontract cost |
16,624 |
10,865 |
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253,199 |
229,828 |
Distribution costs |
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(Profit)/loss on disposal of intangible fixed assets |
- |
(3,057) |
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- |
(3,057) |
Employment costs |
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Directors remuneration |
7,668 |
14,160 |
Establishment costs |
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Rent and rates |
15,224 |
15,265 |
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Light, heat and power |
2,786 |
3,322 |
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Insurance |
1,745 |
1,771 |
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Repairs and maintenance |
4,067 |
4,755 |
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23,822 |
25,113 |
C T P Systems Limited
Detailed Profit and Loss Account for the Year Ended 31 March 2013......... continued
2013
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2012
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General administrative expenses |
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Telephone and fax |
3,062 |
3,416 |
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Printing, postage and stationery |
493 |
437 |
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Trade subscriptions |
1,739 |
1,731 |
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Hire of plant and machinery |
584 |
- |
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Sundry expenses |
6,210 |
5,493 |
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Cleaning |
3,330 |
1,989 |
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Accountancy fees |
3,304 |
3,095 |
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Motor expenses |
4,656 |
4,781 |
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Advertising |
7,014 |
659 |
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Travel and subsistence |
11,501 |
6,523 |
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Customer entertaining (disallowable for tax) |
3,173 |
2,270 |
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45,066 |
30,394 |
Finance charges |
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Bank charges |
2,375 |
3,129 |
Depreciation costs |
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Depreciation of short leasehold property |
- |
1,735 |
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Depreciation of fixtures and fittings |
12,857 |
16,390 |
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12,857 |
18,125 |
Other interest receivable and similar income |
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Bank interest receivable |
302 |
83 |
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Other interest receivable |
- |
1,185 |
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302 |
1,268 |
Interest payable and similar charges |
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Hire purchase interest |
999 |
750 |
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999 |
750 |