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REGISTERED NUMBER: 11229026 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Carter Burnett Ltd

Carter Burnett Ltd (Registered number: 11229026)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Carter Burnett Ltd

Company Information
for the year ended 28 February 2023







DIRECTORS: J Burnett
Mrs B A Burnett
L G Carter
Mrs L Carter





REGISTERED OFFICE: 2 - 3 Fold Yard
Molescroft Farm
Grangeway
Beverley
HU17 9FS





REGISTERED NUMBER: 11229026 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Carter Burnett Ltd (Registered number: 11229026)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,400 17,997

CURRENT ASSETS
Debtors 5 720,647 600,352
Cash at bank and in hand 223,464 148,442
944,111 748,794
CREDITORS
Amounts falling due within one year 6 649,765 457,056
NET CURRENT ASSETS 294,346 291,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,746

309,735

PROVISIONS FOR LIABILITIES 2,926 3,419
NET ASSETS 306,820 306,316

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 306,720 306,216
SHAREHOLDERS' FUNDS 306,820 306,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Carter Burnett Ltd (Registered number: 11229026)

Statement of Financial Position - continued
28 February 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 Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





J Burnett - Director


Carter Burnett Ltd (Registered number: 11229026)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Carter Burnett Ltd 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 accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider 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.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of creditors due within one year.

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 - Straight line over 3 years
Computer equipment - Straight line over 3 years

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised as transaction value and subsequently measured at their settlement value.

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 statement of financial position date.


Carter Burnett Ltd (Registered number: 11229026)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 11,658 23,325 34,983
Additions 2,823 6,046 8,869
At 28 February 2023 14,481 29,371 43,852
DEPRECIATION
At 1 March 2022 5,218 11,768 16,986
Charge for year 4,747 6,719 11,466
At 28 February 2023 9,965 18,487 28,452
NET BOOK VALUE
At 28 February 2023 4,516 10,884 15,400
At 28 February 2022 6,440 11,557 17,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,596 5,256
Amounts recoverable on contract 697,089 591,076
Other debtors 14,962 4,020
720,647 600,352

Carter Burnett Ltd (Registered number: 11229026)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,705 3,814
Taxation and social security 203,167 175,945
Other creditors 434,893 277,297
649,765 457,056