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REGISTERED NUMBER: 02529416 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

R A CARNELL LIMITED

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R A CARNELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







Directors: Mrs P A Carnell
Mr R A Carnell





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 02529416 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 125,595 128,288
Investments 5 1 1
125,596 128,289

Current assets
Debtors 6 23,220 19,131
Cash at bank 30,428 22,025
53,648 41,156
Creditors
Amounts falling due within one year 7 (83,465 ) (59,567 )
Net current liabilities (29,817 ) (18,411 )
Total assets less current liabilities 95,779 109,878

Creditors
Amounts falling due after more than one
year

8

(58,099

)

(67,239

)
Net assets 37,680 42,639

Capital and reserves
Called up share capital 10 100 100
Retained earnings 37,580 42,539
Shareholders' funds 37,680 42,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Mr R A Carnell - Director


R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

R A Carnell 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.

Preparation of consolidated financial statements
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 2% on cost
Plant and machinery - straight line over 3 years
Fixtures and fittings - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
Cost
At 1 February 2022 154,520 11,855 300 166,675
Additions - - 1,649 1,649
At 31 January 2023 154,520 11,855 1,949 168,324
Depreciation
At 1 February 2022 27,228 10,859 300 38,387
Charge for year 3,093 969 280 4,342
At 31 January 2023 30,321 11,828 580 42,729
Net book value
At 31 January 2023 124,199 27 1,369 125,595
At 31 January 2022 127,292 996 - 128,288

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
Cost
At 1 February 2022
and 31 January 2023 1
Net book value
At 31 January 2023 1
At 31 January 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 13,900 16,658
Social security and other taxes 3,612 -
Tax 1,567 1,567
Prepayments and accrued income 4,141 906
23,220 19,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans 11,316 11,529
Trade creditors 139 1,253
Tax 7,484 1,063
Social security and other taxes - 1,205
VAT 8,293 5,262
Other creditors 3,692 4,973
Directors' loan accounts 52,541 34,282
83,465 59,567

R A CARNELL LIMITED (REGISTERED NUMBER: 02529416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 1-2 years 11,316 11,528
Bank loans - 2-5 years 46,783 55,711
58,099 67,239

The bank loan is secured by a fixed and floating charge over the assets of the company, including a first legal charge over the freehold property.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Mortgage 43,831 47,043
Bank loan 7,750 9,250
51,581 56,293

Debentures

The bank holds a debenture providing a fixed and floating charge against the assets and book debts of the company. The debenture covers all liabilities of the company, present and future to the bank.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100