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REGISTERED NUMBER: 09673713 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 October 2023

for

David Carter Furniture Limited

David Carter Furniture Limited (Registered number: 09673713)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Carter Furniture Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr D P Carter
Mrs J Carter





REGISTERED OFFICE: 1 Derwent Close
Dronfield
United Kingdom
S18 2FQ





REGISTERED NUMBER: 09673713 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

David Carter Furniture Limited (Registered number: 09673713)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,869 2,125

CURRENT ASSETS
Debtors 5 23,073 49,524
Cash at bank 131,930 138,151
155,003 187,675
CREDITORS
Amounts falling due within one year 6 73,136 77,353
NET CURRENT ASSETS 81,867 110,322
TOTAL ASSETS LESS CURRENT LIABILITIES 83,736 112,447

CREDITORS
Amounts falling due after more than one year 7 (15,830 ) (25,830 )

PROVISIONS FOR LIABILITIES (355 ) (404 )
NET ASSETS 67,551 86,213

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,451 86,113
67,551 86,213

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

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

David Carter Furniture Limited (Registered number: 09673713)

Balance Sheet - continued
31 October 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 12 April 2024 and were signed on its behalf by:





Mr D P Carter - Director


David Carter Furniture Limited (Registered number: 09673713)

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

1. STATUTORY INFORMATION

David Carter Furniture 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.

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 etc - 25% on reducing balance

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 2 (2022 - 2 ) .

David Carter Furniture Limited (Registered number: 09673713)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 November 2022 5,847
Additions 336
At 31 October 2023 6,183
DEPRECIATION
At 1 November 2022 3,722
Charge for year 592
At 31 October 2023 4,314
NET BOOK VALUE
At 31 October 2023 1,869
At 31 October 2022 2,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 19,626 45,055
Other debtors 3,447 4,469
23,073 49,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 31 -
Taxation and social security 8,830 15,510
Other creditors 54,275 51,843
73,136 77,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 15,830 25,830

David Carter Furniture Limited (Registered number: 09673713)

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

8. RELATED PARTY DISCLOSURES

At the balance sheet date, amounts owed from V Sofa Limited, a related company, totalled £2,000 (2022 - £20,842)