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REGISTERED NUMBER: 06830215 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Carroll & Wright Limited

Carroll & Wright Limited (Registered number: 06830215)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 4


Carroll & Wright Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: N J Wright





SECRETARY: Ms J Carroll





REGISTERED OFFICE: 102 New Cavendish Street
London
W1W 6XW





REGISTERED NUMBER: 06830215 (England and Wales)





ACCOUNTANTS: P D & Co (2003) Limited T/A Parbery Davies & Co
Three Counties House
18a Victoria Street
Dunstable
Bedfordshire
LU6 3BA

Carroll & Wright Limited (Registered number: 06830215)

Income Statement
for the Year Ended 29 February 2024

29.2.24 28.2.23
Notes £    £   

TURNOVER 778,993 663,377

Cost of sales 347,991 295,414
GROSS PROFIT 431,002 367,963

Administrative expenses 367,101 310,126
63,901 57,837

Other operating income 27,154 24,900
OPERATING PROFIT 4 91,055 82,737

Interest receivable and similar income 1,642 331
PROFIT BEFORE TAXATION 92,697 83,068

Tax on profit 5 20,714 15,999
PROFIT FOR THE FINANCIAL YEAR 71,983 67,069

Carroll & Wright Limited (Registered number: 06830215)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 1 1
Tangible assets 8 8,545 6,948
8,546 6,949

CURRENT ASSETS
Stocks 16,219 20,571
Debtors 9 14,420 12,272
Cash at bank and in hand 125,347 105,468
155,986 138,311
CREDITORS
Amounts falling due within one year 10 45,767 63,278
NET CURRENT ASSETS 110,219 75,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,765

81,982

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,665 81,882
SHAREHOLDERS' FUNDS 118,765 81,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





N J Wright - Director


Carroll & Wright Limited (Registered number: 06830215)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Carroll & Wright 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nil 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 50% on reducing balance and 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.

Carroll & Wright Limited (Registered number: 06830215)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

29.2.24 28.2.23
£    £   
Depreciation - owned assets 1,801 2,139

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
29.2.24 28.2.23
£    £   
Current tax:
UK corporation tax 20,714 15,999
Tax on profit 20,714 15,999

6. DIVIDENDS
29.2.24 28.2.23
£    £   
Ordinary shares of 1.00 each
Interim 35,200 46,000

7. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

Carroll & Wright Limited (Registered number: 06830215)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 5,381 110,290 115,671
Additions 2,620 778 3,398
At 29 February 2024 8,001 111,068 119,069
DEPRECIATION
At 1 March 2023 3,584 105,139 108,723
Charge for year 256 1,545 1,801
At 29 February 2024 3,840 106,684 110,524
NET BOOK VALUE
At 29 February 2024 4,161 4,384 8,545
At 28 February 2023 1,797 5,151 6,948

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 14,420 12,272

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 6,255 8,188
Taxation and social security 33,055 27,964
Other creditors 6,457 27,126
45,767 63,278