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REGISTERED NUMBER: 03391561 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

H & E CARTHY LIMITED

H & E CARTHY LIMITED (REGISTERED NUMBER: 03391561)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H & E CARTHY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr P D Sketchley
Mr D J Sketchley
Mr J W Sketchley





SECRETARY: Mr P D Sketchley





REGISTERED OFFICE: Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 03391561 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

H & E CARTHY LIMITED (REGISTERED NUMBER: 03391561)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,496,275 1,566,814

CURRENT ASSETS
Stocks 4,716 9,278
Debtors 5 980 54,720
Cash at bank 140,362 91,556
146,058 155,554
CREDITORS
Amounts falling due within one year 6 546,348 621,648
NET CURRENT LIABILITIES (400,290 ) (466,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,095,985

1,100,720

CAPITAL AND RESERVES
Called up share capital 7 580,000 580,000
Retained earnings 515,985 520,720
SHAREHOLDERS' FUNDS 1,095,985 1,100,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr P D Sketchley - Director


H & E CARTHY LIMITED (REGISTERED NUMBER: 03391561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

H & E Carthy 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents revenue recognised by the company in respect of goods supplied during the period, 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.
Freehold property - Nil
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance

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 Profit and loss account, 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.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

H & E CARTHY LIMITED (REGISTERED NUMBER: 03391561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 July 2022 1,286,674 533,576 39,510 1,859,760
Disposals - (1,200 ) (3,500 ) (4,700 )
At 30 June 2023 1,286,674 532,376 36,010 1,855,060
DEPRECIATION
At 1 July 2022 - 256,640 36,306 292,946
Charge for year - 69,234 801 70,035
Eliminated on disposal - (844 ) (3,352 ) (4,196 )
At 30 June 2023 - 325,030 33,755 358,785
NET BOOK VALUE
At 30 June 2023 1,286,674 207,346 2,255 1,496,275
At 30 June 2022 1,286,674 276,936 3,204 1,566,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 980 54,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 28,733 7,534
Other creditors 517,615 614,114
546,348 621,648

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
580,000 Ordinary £1 580,000 580,000

8. RELATED PARTY DISCLOSURES

Other related parties

Amounts due to related partied at the balance sheet date was £512,914 (2022 - £609,485)

Amounts due from related parties at the balance sheet date was £0 (2022 - £53,050)