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REGISTERED NUMBER: 04701342 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

C P CARROLL AND ASSOCIATES LTD

C P CARROLL AND ASSOCIATES LTD (REGISTERED NUMBER: 04701342)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C P CARROLL AND ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C P Carroll
R C Carroll



REGISTERED OFFICE: 253 Edwin Road
Rainham
Gillingham
Kent
ME8 0JL



REGISTERED NUMBER: 04701342 (England and Wales)



ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH



BANKERS: National Westminster Bank Plc
117 High Street
Gillingham
Kent
ME7 1AG

C P CARROLL AND ASSOCIATES LTD (REGISTERED NUMBER: 04701342)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 37,322 46,125

CURRENT ASSETS
Stocks 1,500 74,432
Debtors 4 244,675 57,778
Cash at bank and in hand 254 3,112
246,429 135,322
CREDITORS
Amounts falling due within one year 5 215,612 132,684
NET CURRENT ASSETS 30,817 2,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,139

48,763

CREDITORS
Amounts falling due after more than one
year

6

(24,120

)

(34,047

)

PROVISIONS FOR LIABILITIES (9,361 ) (8,764 )
NET ASSETS 34,658 5,952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,558 5,852
SHAREHOLDERS' FUNDS 34,658 5,952

C P CARROLL AND ASSOCIATES LTD (REGISTERED NUMBER: 04701342)

BALANCE SHEET - continued
31 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 October 2023 and were signed on its behalf by:





R C Carroll - Director


C P CARROLL AND ASSOCIATES LTD (REGISTERED NUMBER: 04701342)

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

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of general building and contracting services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Inventories
Inventories have been valued at the lower of cost and net realisable value estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised 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.


C P CARROLL AND ASSOCIATES LTD (REGISTERED NUMBER: 04701342)

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

1. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 2,922 3,153 91,270 6,138 103,483
Additions 2,539 1,735 - 2,114 6,388
Disposals - - (34,315 ) (800 ) (35,115 )
At 31 March 2023 5,461 4,888 56,955 7,452 74,756
DEPRECIATION
At 1 April 2022 801 1,710 50,774 4,073 57,358
Charge for year 874 601 9,264 943 11,682
Eliminated on disposal - - (30,876 ) (730 ) (31,606 )
At 31 March 2023 1,675 2,311 29,162 4,286 37,434
NET BOOK VALUE
At 31 March 2023 3,786 2,577 27,793 3,166 37,322
At 31 March 2022 2,121 1,443 40,496 2,065 46,125

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 170,509 24,631
Other debtors 74,166 33,147
244,675 57,778

C P CARROLL AND ASSOCIATES LTD (REGISTERED NUMBER: 04701342)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 53,304 11,403
Trade creditors 54,369 63,016
Taxation and social security 70,922 33,288
Other creditors 37,017 24,977
215,612 132,684

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,120 34,047

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 43,397 1,749

There is a personal guarantee given by C.P. Carroll in respect of the overdraft facility for a maximum of £28,000.