1 March 2022 false No description of principal activity Taxfiler 2023.9 08662646business:PrivateLimitedCompanyLtd2022-03-012023-02-28 086626462022-02-28 086626462022-03-012023-02-28 08662646business:AuditExemptWithAccountantsReport2022-03-012023-02-28 08662646business:FilletedAccounts2022-03-012023-02-28 086626462023-02-28 08662646business:Director12022-03-012023-02-28 08662646business:RegisteredOffice2022-03-012023-02-28 086626462022-02-28 08662646core:WithinOneYear2023-02-28 08662646core:WithinOneYear2022-02-28 08662646core:AfterOneYear2023-02-28 08662646core:AfterOneYear2022-02-28 08662646core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 08662646core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 08662646core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 08662646core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 08662646core:PreviouslyStatedAmount2023-02-28 08662646core:PreviouslyStatedAmount2022-02-28 08662646business:SmallEntities2022-03-012023-02-28 08662646countries:EnglandWales2022-03-012023-02-28 08662646core:ComputerEquipment2022-03-012023-02-28 08662646core:Goodwill2022-02-28 08662646core:Goodwill2023-02-28 08662646core:FurnitureFittings2022-02-28 08662646core:ComputerEquipment2022-02-28 08662646core:FurnitureFittings2022-03-012023-02-28 08662646core:FurnitureFittings2023-02-28 08662646core:ComputerEquipment2023-02-28 086626462020-09-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 08662646 (England and Wales)
Carvels Lettings Ltd Unaudited accounts for the year ended 28 February 2023
Carvels Lettings Ltd Unaudited accounts Contents
Page
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Carvels Lettings Ltd Company Information for the year ended 28 February 2023
Director
Sheridan Derbyshire
Company Number
08662646 (England and Wales)
Registered Office
1 Julian Drive Trowse Norwich Norfolk NR14 8GF United Kingdom
Accountants
JF Accounting Services 1 Julian Drive Trowse Norwich NR14 8GF
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Carvels Lettings Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
500 
262 
Current assets
Debtors
113,426 
164,165 
Cash at bank and in hand
96,078 
78,223 
209,504 
242,388 
Creditors: amounts falling due within one year
(45,480)
(64,599)
Net current assets
164,024 
177,789 
Total assets less current liabilities
164,524 
178,051 
Creditors: amounts falling due after more than one year
- 
(19,633)
Provisions for liabilities
Deferred tax
(95)
(50)
Net assets
164,429 
158,368 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
164,329 
158,268 
Shareholders' funds
164,429 
158,368 
For the year ending 28 February 2023 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 director acknowledges her 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 and authorised for issue on 9 October 2023 and were signed on its behalf by
Sheridan Derbyshire Director Company Registration No. 08662646
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Carvels Lettings Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Carvels Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 08662646. The registered office is 1 Julian Drive, Trowse, Norwich, Norfolk, NR14 8GF, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
40,000 
At 28 February 2023
40,000 
Amortisation
At 1 March 2022
40,000 
At 28 February 2023
40,000 
Net book value
At 28 February 2023
- 
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Carvels Lettings Ltd Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
628 
4,677 
5,305 
Additions
- 
750 
750 
Disposals
(628)
(1,165)
(1,793)
At 28 February 2023
- 
4,262 
4,262 
Depreciation
At 1 March 2022
628 
4,415 
5,043 
Charge for the year
- 
512 
512 
On disposals
(628)
(1,165)
(1,793)
At 28 February 2023
- 
3,762 
3,762 
Net book value
At 28 February 2023
- 
500 
500 
At 28 February 2022
- 
262 
262 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
112,150 
162,150 
Accrued income and prepayments
470 
868 
Other debtors
806 
1,147 
113,426 
164,165 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
9,600 
VAT
7,977 
6,952 
Trade creditors
1,882 
2,107 
Taxes and social security
26,067 
38,229 
Other creditors
483 
1,593 
Loans from directors
3,911 
3,338 
Accruals
5,160 
2,780 
45,480 
64,599 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
19,633 
9
Transactions with related parties
Sheridan & Co Property Management Limited owes Carvels Lettings Limited £112,150 as at 28 February 2023 (2022 : £162,150). The Company owes Sheridan Derbyshire £3,911 at 28 February 2023 (2022 : £3,338) and the balance is included in creditors.
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Carvels Lettings Ltd Notes to the Accounts for the year ended 28 February 2023
10
Controlling party
The Parent Company is Sheridan & Co Property Management Limited registered in England and Wales. The registered office is 1 Julian Drive, Trowse, Norwich, NR14 8GF.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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