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REGISTERED NUMBER: 10624775 (England and Wales)
























CARLTON RHODES ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






CARLTON RHODES ASSOCIATES LIMITED (REGISTERED NUMBER: 10624775)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARLTON RHODES ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: N C Rhodes





REGISTERED OFFICE: 82 Ware Road
Hertford
Hertfordshire
SG13 7HN





REGISTERED NUMBER: 10624775 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

CARLTON RHODES ASSOCIATES LIMITED (REGISTERED NUMBER: 10624775)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 100,000
Tangible assets 5 1 700
60,001 100,700

CURRENT ASSETS
Debtors 6 421,970 423,512
Cash at bank 276,927 219,562
698,897 643,074
CREDITORS
Amounts falling due within one year 7 44,671 47,829
NET CURRENT ASSETS 654,226 595,245
TOTAL ASSETS LESS CURRENT LIABILITIES 714,227 695,945

CREDITORS
Amounts falling due after more than one
year

8

(178,228

)

(186,914

)

PROVISIONS FOR LIABILITIES - (130 )
NET ASSETS 535,999 508,901

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 535,899 508,801
535,999 508,901

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CARLTON RHODES ASSOCIATES LIMITED (REGISTERED NUMBER: 10624775)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





N C Rhodes - Director


CARLTON RHODES ASSOCIATES LIMITED (REGISTERED NUMBER: 10624775)

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


1. STATUTORY INFORMATION

Carlton Rhodes Associates Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

CARLTON RHODES ASSOCIATES LIMITED (REGISTERED NUMBER: 10624775)

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


2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 300,000
AMORTISATION
At 1 August 2022 200,000
Amortisation for year 40,000
At 31 July 2023 240,000
NET BOOK VALUE
At 31 July 2023 60,000
At 31 July 2022 100,000

Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

CARLTON RHODES ASSOCIATES LIMITED (REGISTERED NUMBER: 10624775)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 7,750
DEPRECIATION
At 1 August 2022 7,050
Charge for year 699
At 31 July 2023 7,749
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 421,970 423,512

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 44,671 47,829

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 178,228 186,914

9. RELATED PARTY DISCLOSURES

During the year, Mr N Rhodes (Director) loaned the company money with no set repayment date. At the year end the amount due from the company to the director was £176,228 (2022: £184,914).

Also during the year, Mr N Rhodes and Mrs D Rhodes received dividends from the company in accordance with their shareholding of £75,000 (2022: £75,000).

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr N Rhodes, by virtue of him holding 51% shares of the ordinary issued share capital.

11. GRANTS RECEIVED

Grants received are accounted for using the accrual model and are recognised in the profit and loss in the periods in which the related costs or expenses are recognised.