Registered number
07900408
Carder Country Limited
Filleted Accounts
31 March 2023
Carder Country Limited
Registered number: 07900408
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 623 831
Current assets
Stocks 321,842 364,609
Debtors 5 14,289 10,395
Cash at bank and in hand 17,156 26,079
353,287 401,083
Creditors: amounts falling due within one year 6 (43,037) (72,316)
Net current assets 310,250 328,767
Total assets less current liabilities 310,873 329,598
Creditors: amounts falling due after more than one year 7 (65,900) (96,298)
Net assets 244,974 233,300
Capital and reserves
Called up share capital 120 120
Share premium 24,995 24,995
Profit and loss account 219,859 208,185
Shareholder's funds 244,974 233,300
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Gibbard
Director
Approved by the board on 16 November 2023
Carder Country Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 67,078
At 31 March 2023 67,078
Amortisation
At 1 April 2022 67,078
At 31 March 2023 67,078
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 14,155
At 31 March 2023 14,155
Depreciation
At 1 April 2022 13,324
Charge for the year 208
At 31 March 2023 13,532
Net book value
At 31 March 2023 623
At 31 March 2022 831
5 Debtors 2023 2022
£ £
Trade debtors 14,289 10,395
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 39,538 58,027
Taxation and social security costs 2,860 13,516
Other creditors 639 773
43,037 72,316
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 65,900 96,298
8 Other information
Carder Country Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 15.2 - Linford Forum
18 Rockingham Drive
Linford Wood
Milton Keynes
MK14 6LY
Carder Country Limited 07900408 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 K Gibbard No description of principal activity 07900408 2021-04-01 2022-03-31 07900408 core:WithinOneYear 2022-03-31 07900408 core:AfterOneYear 2022-03-31 07900408 core:ShareCapital 2022-03-31 07900408 core:SharePremium 2022-03-31 07900408 core:RetainedEarningsAccumulatedLosses 2022-03-31 07900408 2022-04-01 2023-03-31 07900408 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07900408 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07900408 bus:Director40 2022-04-01 2023-03-31 07900408 1 2022-04-01 2023-03-31 07900408 2 2022-04-01 2023-03-31 07900408 core:PlantMachinery 2022-04-01 2023-03-31 07900408 countries:England 2022-04-01 2023-03-31 07900408 bus:FRS102 2022-04-01 2023-03-31 07900408 bus:FullAccounts 2022-04-01 2023-03-31 07900408 2023-03-31 07900408 core:WithinOneYear 2023-03-31 07900408 core:AfterOneYear 2023-03-31 07900408 core:ShareCapital 2023-03-31 07900408 core:SharePremium 2023-03-31 07900408 core:RetainedEarningsAccumulatedLosses 2023-03-31 07900408 core:Goodwill 2023-03-31 07900408 core:PlantMachinery 2023-03-31 07900408 2022-03-31 07900408 core:Goodwill 2022-03-31 07900408 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure