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REGISTERED NUMBER: 04045216 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Carmel Structures Limited

Carmel Structures Limited (Registered number: 04045216)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carmel Structures Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: T Goodchild
E R Goodchild
T D Goodchild





SECRETARY: E R Goodchild





REGISTERED OFFICE: Birch House
Eastmount Road
Darlington
Co. Durham
DL1 1LA





REGISTERED NUMBER: 04045216 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Carmel Structures Limited (Registered number: 04045216)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 6,737 9,265
6,737 9,265

CURRENT ASSETS
Stocks - 3,000
Debtors 5 308,027 261,263
Cash at bank 680,522 493,701
988,549 757,964
CREDITORS
Amounts falling due within one year 6 (597,722 ) (484,895 )
NET CURRENT ASSETS 390,827 273,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,564

282,334

CREDITORS
Amounts falling due after more than one year 7 (38,343 ) (125,404 )

PROVISIONS FOR LIABILITIES (1,905 ) (2,158 )
NET ASSETS 357,316 154,772

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357,216 154,672
SHAREHOLDERS' FUNDS 357,316 154,772

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

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

The directors acknowledge their 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.

Carmel Structures Limited (Registered number: 04045216)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:




E R Goodchild - Director T D Goodchild - Director




T Goodchild - Director


Carmel Structures Limited (Registered number: 04045216)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Carmel Structures Limited (Registered number: 04045216)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
AMORTISATION
At 1 September 2022
and 31 August 2023 10,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 3,832 13,788 27,830 45,450
DEPRECIATION
At 1 September 2022 2,748 11,322 22,115 36,185
Charge for year 270 370 1,888 2,528
At 31 August 2023 3,018 11,692 24,003 38,713
NET BOOK VALUE
At 31 August 2023 814 2,096 3,827 6,737
At 31 August 2022 1,084 2,466 5,715 9,265

Carmel Structures Limited (Registered number: 04045216)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 199,642 117,924
Amounts recoverable on
long term contracts 82,743 78,330
VAT 24,967 64,182
Prepayments and accrued income 675 827
308,027 261,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 87,061 80,485
Trade creditors 282,396 233,720
Corporation tax 77,290 2,899
Social security and other tax 9,638 2,932
Wages control account - 873
Directors' current accounts 137,685 160,731
Accruals and deferred income 3,652 3,255
597,722 484,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 38,343 125,404