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REGISTERED NUMBER: 11449379 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

CARBOLTS LTD

CARBOLTS LTD (REGISTERED NUMBER: 11449379)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARBOLTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: J J E Arnott





REGISTERED OFFICE: 5 Finkle Street
Sowerby Bridge
Halifax
West Yorkshire
HX6 1NG





REGISTERED NUMBER: 11449379 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,750 8,958
Tangible assets 5 235,240 252,940
243,990 261,898

CURRENT ASSETS
Stocks 80,000 60,000
Debtors 6 39,563 -
Cash at bank and in hand 63,460 51,151
183,023 111,151
CREDITORS
Amounts falling due within one year 7 240,110 194,849
NET CURRENT LIABILITIES (57,087 ) (83,698 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,903

178,200

CREDITORS
Amounts falling due after more than
one year

8

139,549

161,897
NET ASSETS 47,354 16,303

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 47,254 16,203
SHAREHOLDERS' FUNDS 47,354 16,303

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 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.

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

BALANCE SHEET - continued
31ST JULY 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 director and authorised for issue on 17th April 2024 and were signed by:





J J E Arnott - Director


CARBOLTS LTD (REGISTERED NUMBER: 11449379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Carbolts Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2020, is being amortised evenly over its estimated useful life of ten 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 - 20% on cost
Fixtures and fittings - 20% on cost

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.

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 12,500
AMORTISATION
At 1st August 2022 3,542
Amortisation for year 208
At 31st July 2023 3,750
NET BOOK VALUE
At 31st July 2023 8,750
At 31st July 2022 8,958

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st August 2022 250,000 1,000 3,900 254,900
Additions - 457 313 770
At 31st July 2023 250,000 1,457 4,213 255,670
DEPRECIATION
At 1st August 2022 - 400 1,560 1,960
Charge for year 17,448 200 822 18,470
At 31st July 2023 17,448 600 2,382 20,430
NET BOOK VALUE
At 31st July 2023 232,552 857 1,831 235,240
At 31st July 2022 250,000 600 2,340 252,940

CARBOLTS LTD (REGISTERED NUMBER: 11449379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,147 -
Other debtors 6,606 -
Prepayments and accrued income 810 -
39,563 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,000 6,745
Trade creditors 6,630 27,324
Tax 35,752 20,168
VAT 2,154 4,126
Pension 351 -
Directors' current accounts 136,928 130,832
Accrued expenses 43,295 5,654
240,110 194,849

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,000 6,875
Bank loans - 2-5 years 45,000 20,925
Bank loans more 5 yr by instal 79,549 134,097
139,549 161,897

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 79,549 134,097

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1st August 2022 16,203
Profit for the year 70,551
Dividends (39,500 )
At 31st July 2023 47,254