Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-03-0122 11211331 2022-03-01 2023-02-28 11211331 2021-03-01 2022-02-28 11211331 2023-02-28 11211331 2022-02-28 11211331 c:Director1 2022-03-01 2023-02-28 11211331 d:CurrentFinancialInstruments 2023-02-28 11211331 d:CurrentFinancialInstruments 2022-02-28 11211331 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11211331 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11211331 d:ShareCapital 2023-02-28 11211331 d:ShareCapital 2022-02-28 11211331 d:RetainedEarningsAccumulatedLosses 2023-02-28 11211331 d:RetainedEarningsAccumulatedLosses 2022-02-28 11211331 c:FRS102 2022-03-01 2023-02-28 11211331 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11211331 c:FullAccounts 2022-03-01 2023-02-28 11211331 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11211331










CARTER VARLEY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
CARTER VARLEY LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 3


 
CARTER VARLEY LIMITED
REGISTERED NUMBER: 11211331

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 4 
25
1,022

Cash at bank and in hand
  
463
21,222

  
488
22,244

Creditors: amounts falling due within one year
 5 
(6,194)
(26,386)

Net current liabilities
  
 
 
(5,706)
 
 
(4,142)

Total assets less current liabilities
  
(5,706)
(4,142)

  

Net liabilities
  
(5,706)
(4,142)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(5,708)
(4,144)

  
(5,706)
(4,142)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2023.



J P Carter
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
CARTER VARLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Carter Varley Limited (the Company) is a private company limited by shares. The Company is incorporated and domiciled in England. The address of its registered office and principal place of business is Tanyards Cottage, 2 Ropes Lane, Fernhurst, Haslemere, Surrey, GU27 3JD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is dependent upon the financial support of its creditors, the directors have received assurances from its creditors that they will continue to provide the financial support necessary to enable the company to continue in operational existence for the foreseeable future. Accordingly, these financial statements have been prepared on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
CARTER VARLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
25
1,022



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
4,135
24,136

Accruals and deferred income
2,059
2,250

6,194
26,386


 
Page 3