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REGISTERED NUMBER: 04840901 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Carey Construction Limited

Carey Construction Limited (Registered number: 04840901)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Carey Construction Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S J Carey
C J Carey





SECRETARY: C J Carey





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 04840901 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Carey Construction Limited (Registered number: 04840901)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,735 13,339

CURRENT ASSETS
Inventories - 17,272
Debtors 5 46,460 6,610
Cash at bank 8,020 17,739
54,480 41,621
CREDITORS
Amounts falling due within one year 6 41,748 43,611
NET CURRENT ASSETS/(LIABILITIES) 12,732 (1,990 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,467

11,349

CREDITORS
Amounts falling due after more than one
year

7

-

(978

)

PROVISIONS FOR LIABILITIES 8 (684 ) (2,534 )
NET ASSETS 21,783 7,837

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 21,782 7,836
SHAREHOLDERS' FUNDS 21,783 7,837

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

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

Carey Construction Limited (Registered number: 04840901)

Statement of Financial Position - continued
31 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 Board of Directors and authorised for issue on 20 April 2024 and were signed on its behalf by:





S J Carey - Director


Carey Construction Limited (Registered number: 04840901)

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

1. STATUTORY INFORMATION

Carey Construction 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue 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.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency
The company's functional currency is £ Sterling.

Carey Construction Limited (Registered number: 04840901)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 11,464 51,831 3,666 66,961
Disposals - (8,500 ) - (8,500 )
At 31 July 2023 11,464 43,331 3,666 58,461
DEPRECIATION
At 1 August 2022 11,464 38,492 3,666 53,622
Charge for year - 3,245 - 3,245
Eliminated on disposal - (8,141 ) - (8,141 )
At 31 July 2023 11,464 33,596 3,666 48,726
NET BOOK VALUE
At 31 July 2023 - 9,735 - 9,735
At 31 July 2022 - 13,339 - 13,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,023 6,610
VAT 3,437 -
46,460 6,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 978 2,934
Trade creditors 15,779 26,976
Tax 13,134 6,409
Social security and other taxes 818 2,345
VAT - 2,253
Directors' current accounts 4,964 1,194
Accrued expenses 6,075 1,500
41,748 43,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 978

Carey Construction Limited (Registered number: 04840901)

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

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 684 2,534

Deferred
tax
£   
Balance at 1 August 2022 2,534
Provided during year (1,850 )
Balance at 31 July 2023 684

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 August 2022 7,836
Profit for the year 51,746
Dividends (37,800 )
At 31 July 2023 21,782