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Registration number: 14288113

Carruthers Design Ltd

Unaudited Filleted Financial Statements

for the Period from 10 August 2022 to 31 August 2023

 

Carruthers Design Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Carruthers Design Ltd

Company Information

Director

Miss E J Carruthers

Registered office

19 Drovers Court
Easingwold
York
YO61 3NP

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Carruthers Design Ltd

(Registration number: 14288113)
Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Tangible assets

3

709

Current assets

 

Debtors

4

4,716

Cash at bank and in hand

 

12,800

 

17,516

Creditors: Amounts falling due within one year

5

(8,013)

Net current assets

 

9,503

Total assets less current liabilities

 

10,212

Provisions for liabilities

(135)

Net assets

 

10,077

Capital and reserves

 

Called up share capital

6

10

Retained earnings

10,067

Shareholders' funds

 

10,077

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 January 2024
 

.........................................
Miss E J Carruthers
Director

 

Carruthers Design Ltd

Notes to the Unaudited Financial Statements for the Period from 10 August 2022 to 31 August 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Carruthers Design Ltd

Notes to the Unaudited Financial Statements for the Period from 10 August 2022 to 31 August 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Carruthers Design Ltd

Notes to the Unaudited Financial Statements for the Period from 10 August 2022 to 31 August 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

860

860

At 31 August 2023

860

860

Depreciation

Charge for the period

151

151

At 31 August 2023

151

151

Carrying amount

At 31 August 2023

709

709

4

Debtors

Current

2023
£

Prepayments

4,716

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Other creditors

8,013

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £0.10 each

100

10

     

7

Related party transactions