CARTER WRIGHT LIMITED

Company Registration Number:
11805343 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

CARTER WRIGHT LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

CARTER WRIGHT LIMITED

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

Installation of plumbing, tiling, joinery, kitchen and bathroom installations on new build construction developments.



Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

Janis Ievins


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 March 2023

And signed on behalf of the board by:
Name: Janis Ievins
Status: Director

CARTER WRIGHT LIMITED

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 23,949 22,493
Total fixed assets: 23,949 22,493
Current assets
Stocks: 4 5,743 4,865
Debtors: 5 10,684 9,540
Cash at bank and in hand: 17,567 15,827
Total current assets: 33,994 30,232
Creditors: amounts falling due within one year: 6 ( 10,148 ) ( 11,622 )
Net current assets (liabilities): 23,846 18,610
Total assets less current liabilities: 47,795 41,103
Creditors: amounts falling due after more than one year: 7 ( 3,000 ) ( 3,000 )
Provision for liabilities: ( 4,323 ) ( 3,250 )
Total net assets (liabilities): 40,472 34,853
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 40,471 34,852
Total Shareholders' funds: 40,472 34,853

The notes form part of these financial statements

CARTER WRIGHT LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 March 2023
and signed on behalf of the board by:

Name: Janis Ievins
Status: Director

The notes form part of these financial statements

CARTER WRIGHT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed or accepted the delivery of the goods. Rendering of services, turnover from the rendering of 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 contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Plant and machinery 20% straight line --- Fixtures 33% Reducing balance --- Computers and Office Equipment 25% straight line --- Motor vehicles 25% Reducing balance.

    Other accounting policies

    The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deterred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. ---Stocks--- and work in progress arc valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.---Provisions--- are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently revie\ved at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are listed in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises. ---Basis of preparation--- The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements arc prepared in sterling, which is the functional currency of the entity.

CARTER WRIGHT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

CARTER WRIGHT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 19,110 3,053 6,997 18,933 48,093
Additions 5,623 585 3,972 6,549 16,729
Disposals
Revaluations
Transfers
At 28 February 2023 24,733 3,638 10,969 25,482 64,822
Depreciation
At 1 March 2022 9,114 1,017 6,750 8,719 25,600
Charge for year 4,947 1,213 2,742 6,371 15,273
On disposals
Other adjustments
At 28 February 2023 14,061 2,230 9,492 15,090 40,873
Net book value
At 28 February 2023 10,672 1,408 1,477 10,392 23,949
At 28 February 2022 9,996 2,036 247 10,214 22,493

CARTER WRIGHT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Stocks

2023 2022
£ £
Stocks 5,743 4,865
Total 5,743 4,865

CARTER WRIGHT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Debtors

2023 2022
£ £
Trade debtors 10,684 9,540
Total 10,684 9,540

CARTER WRIGHT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 2,586 3,299
Taxation and social security 7,562 8,323
Total 10,148 11,622

CARTER WRIGHT LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 3,000 3,000
Total 3,000 3,000