IRIS Accounts Production v23.1.5.20 01605779 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016057792022-12-31016057792023-12-31016057792023-01-012023-12-31016057792021-12-31016057792022-01-012022-12-31016057792022-12-3101605779ns15:EnglandWales2023-01-012023-12-3101605779ns14:PoundSterling2023-01-012023-12-3101605779ns10:Director12023-01-012023-12-3101605779ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101605779ns10:SmallEntities2023-01-012023-12-3101605779ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101605779ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101605779ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101605779ns10:FullAccounts2023-01-012023-12-3101605779ns10:Director22023-01-012023-12-3101605779ns10:Director32023-01-012023-12-3101605779ns10:RegisteredOffice2023-01-012023-12-3101605779ns5:CurrentFinancialInstruments2023-12-3101605779ns5:CurrentFinancialInstruments2022-12-3101605779ns5:Non-currentFinancialInstruments2023-12-3101605779ns5:Non-currentFinancialInstruments2022-12-3101605779ns5:ShareCapital2023-12-3101605779ns5:ShareCapital2022-12-3101605779ns5:RevaluationReserve2023-12-3101605779ns5:RevaluationReserve2022-12-3101605779ns5:RetainedEarningsAccumulatedLosses2023-12-3101605779ns5:RetainedEarningsAccumulatedLosses2022-12-3101605779ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3101605779ns5:PlantMachinery2023-01-012023-12-3101605779ns5:MotorVehicles2023-01-012023-12-3101605779ns5:LandBuildings2022-12-3101605779ns5:PlantMachinery2022-12-3101605779ns5:MotorVehicles2022-12-3101605779ns5:LandBuildings2023-01-012023-12-3101605779ns5:LandBuildings2023-12-3101605779ns5:PlantMachinery2023-12-3101605779ns5:MotorVehicles2023-12-3101605779ns5:LandBuildings2022-12-3101605779ns5:PlantMachinery2022-12-3101605779ns5:MotorVehicles2022-12-3101605779ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101605779ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101605779ns5:Secured2023-12-3101605779ns5:Secured2022-12-31
REGISTERED NUMBER: 01605779 (England and Wales)















CARTEC OF BRADFORD LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






CARTEC OF BRADFORD LIMITED (Registered number: 01605779)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARTEC OF BRADFORD LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K E Langford
G C K Wilkinson
M J Langford





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 01605779 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

CARTEC OF BRADFORD LIMITED (Registered number: 01605779)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 337,785 85,745

CURRENT ASSETS
Stocks 25,000 20,000
Debtors 5 50,247 45,820
Cash at bank and in hand 14,983 17,227
90,230 83,047
CREDITORS
Amounts falling due within one year 6 78,362 89,797
NET CURRENT ASSETS/(LIABILITIES) 11,868 (6,750 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,653

78,995

CREDITORS
Amounts falling due after more than one
year

7

21,991

25,691
NET ASSETS 327,662 53,304

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 263,560 -
Retained earnings 64,100 53,302
SHAREHOLDERS' FUNDS 327,662 53,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CARTEC OF BRADFORD LIMITED (Registered number: 01605779)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





M J Langford - Director


CARTEC OF BRADFORD LIMITED (Registered number: 01605779)

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

1. STATUTORY INFORMATION

CARTEC OF BRADFORD 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

3. EMPLOYEES AND DIRECTORS

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

CARTEC OF BRADFORD LIMITED (Registered number: 01605779)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 38,291 146,001 29,007 213,299
Revaluations 246,709 - - 246,709
At 31 December 2023 285,000 146,001 29,007 460,008
DEPRECIATION
At 1 January 2023 16,085 94,699 16,770 127,554
Charge for year 766 7,695 3,059 11,520
Revaluation adjustments (16,851 ) - - (16,851 )
At 31 December 2023 - 102,394 19,829 122,223
NET BOOK VALUE
At 31 December 2023 285,000 43,607 9,178 337,785
At 31 December 2022 22,206 51,302 12,237 85,745

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2023 246,709 - - 246,709
Cost 38,291 146,001 29,007 213,299
285,000 146,001 29,007 460,008

If the Freehold property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 38,291 38,291
Aggregate depreciation 16,851 16,085

The Freehold property was valued on an open market basis on 31 December 2023 by Mark Brearley & Company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 50,247 45,820

CARTEC OF BRADFORD LIMITED (Registered number: 01605779)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 29,098 38,683
Trade creditors 41,330 42,410
Taxation 7,934 8,704
78,362 89,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 21,991 25,691

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 29,098 38,683

Bank borrowings are secured by a fixed charge over the freehold property owned by the company.

9. RESERVES
Revaluation
reserve
£   
In-year revaluation of Freehold property 263,560

At 31 December 2023 263,560