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REGISTERED NUMBER: 08269063 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Carnill & Company Limited

Carnill & Company Limited (Registered number: 08269063)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carnill & Company Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: R C Carnill





REGISTERED OFFICE: 64 - 66 Outram Street
Sutton in Ashfield
Nottinghamshire
NG17 4FS





BUSINESS ADDRESS: 17 Queen Street
Southwell
Nottingham
NG25 0AA





REGISTERED NUMBER: 08269063 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Carnill & Company Limited (Registered number: 08269063)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,974 15,074

CURRENT ASSETS
Stocks 29,200 29,594
Debtors 5 13,084 9,349
Cash at bank and in hand 260 2,423
42,544 41,366
CREDITORS
Amounts falling due within one year 6 (96,075 ) (36,545 )
NET CURRENT (LIABILITIES)/ASSETS (53,531 ) 4,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,557

)

19,895

CREDITORS
Amounts falling due after more than one
year

7

(25,798

)

(35,669

)
NET LIABILITIES (55,355 ) (15,774 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (55,455 ) (15,874 )
SHAREHOLDERS' FUNDS (55,355 ) (15,774 )

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 director acknowledges his 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.

Carnill & Company Limited (Registered number: 08269063)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 July 2023 and were signed by:





R C Carnill - Director


Carnill & Company Limited (Registered number: 08269063)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Carnill & Company 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 company has net liabilities at 31 January 2023 of £55,355 (2022 - £15,774) and is, therefore reliant on the continued support of its principal creditors. The director is confident that this support will not be withdrawn and as a result the going concern basis of accounting has been adopted.

These accounts do not include any changes that would be required if the going concern basis was not considered to be appropriate.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on 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 Statement of Income and Retained Earnings, 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.

Carnill & Company Limited (Registered number: 08269063)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 43,450
Additions 12,634
At 31 January 2023 56,084
DEPRECIATION
At 1 February 2022 28,376
Charge for year 3,734
At 31 January 2023 32,110
NET BOOK VALUE
At 31 January 2023 23,974
At 31 January 2022 15,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 13,084 9,349

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 13,203 3,455
Trade creditors 34,931 6,634
Taxation and social security 5,789 16,070
Other creditors 42,152 10,386
96,075 36,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors 25,798 35,669

Carnill & Company Limited (Registered number: 08269063)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 31.1.22
£    £   
Within one year - 5,796

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
R C Carnill
Balance outstanding at start of year 4,432 (18,572 )
Amounts advanced 59,657 42,950
Amounts repaid (69,117 ) (19,946 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,028 ) 4,432

The balance of the overdrawn directors loan was repaid within 9 months of the year. No interest has be charged on the overdrawn amount.